Speaking to DailyMail, Mr. Dan Ives, CEO of Wedbush Securities, calculated that CEO Mark Zuckerberg lost about 100 million USD after just under 2 hours of the main platforms Facebook, Instagram and Messenger collapsing globally.
Meta’s stock price also fell 1.5% as crash reports flooded in around the world around 10 a.m. US time. After that, this stock code decreased by 1.6%. Notably, this stock has been in an upward trend for many recent sessions.
According to Forbes’ real-time updated data until this morning, March 6 (Vietnam time), Mark Zuckerberg’s net worth has decreased by 1.56%, equivalent to a decrease of 2.7 billion USD. Currently, Meta boss holds 171.9 billion USD and is the 4th richest person in the world.
According to Mr. Ives, Meta may not reveal the damage level of this incident. Currently, the technology giant is explaining the cause of the problem as “technical issues”, however, what is really going on is still a mystery.
“We know people are having difficulty accessing our services. We are working to resolve the issue,” Meta spokesman Andy Stone wrote on social network X (formerly Twitter ).
DailyMail quoted a source within Facebook as saying that the company’s internal system is not working, which could lead to problems.
Meta’s problem occurred globally for about an hour from 10:00 p.m. (Vietnam time). Facebook and Messenger users have their accounts logged out and cannot log back in.
By 11:20 p.m., some were able to access again. However, many people cannot log back in for reasons such as forgetting their password, lacking an authentication device, or not receiving the authentication code.
On Instagram, mobile users noticed that their personal feeds were not refreshing.
The DownDetector website cited statistics showing that social network Facebook was down at a peak of about 500,000 reports at 15:30 GMT on March 5 (22:30 on the same day Hanoi time), while Instagram reached a peak of about 500,000 reports. peaked with about 70,000 reports at the same time.
Threads – a Twitter rival launched in 2023 – also faced outages and the WhatsApp Business application programming interface, Meta’s messaging service, also encountered some problems.
Facebook’s status page, intended for advertisers, admitted there had been a “severe disruption” and that “engineering teams are actively working to resolve the issue as quickly as possible”.
Facebook is currently the world’s largest social media platform with 3 billion monthly active users, while Instagram attracts about 1.35 billion users.
