Mar 5, 09:48 PM

Meta's Facebook, Instagram outage costs $18 billion, $100 million; layoffs loom

Mark Zuckerberg's Meta, the parent company of Facebook and Instagram, faced a global outage resulting in an $18 billion loss in value. Additionally, Meta lost roughly $100 million during the two-hour glitch affecting Facebook, Instagram, and Messenger. The outage raised concerns over layoffs and reorganizations within Meta, impacting employees' job security.

#Mark Zuckerberg #Meta #Facebook #Instagram #Messenger

Written with ChatGPT (GPT-3).