Zuckerberg’s million dollar outage: Finance expert reveals Meta lost roughly $100 MILLION during two-hour glitch that took down Facebook, Instagram and Messenger

The massive meta glitch that shut down Facebook, Instagram, and Messenger was a $100 million expense for the company.

Dan Ives, managing director of New York-based Wedbush Securities, told DailyMail.com that Mark Zuckerberg lost about $100 million in revenue Tuesday morning due to the platforms being unavailable worldwide.

Meta’s share price also fell 1.5 percent when issuance reports started rolling in around 10 a.m. ET, but has since fallen 1.6 percent.

The company generates most of its revenue through ads shown to users, and the “technical issues” that shut down the platforms also saw revenues decline.

The outage started around 10 a.m. ET and affected hundreds of thousands of users around the world

Meta is unlikely to reveal how much the outage has cut into its finances, Ives told DailyMail.com: ‘This is a negligible amount of revenue that probably amounts to less than $100 million in lost revenue.’

The amount may be insignificant for Meta, which was roughly $134 billion in 2023, but only 38 percent of the entire world population is worth $100 million.

Meta blamed the outage on ‘technical issues’, leaving what actually happened shrouded in mystery.

A source within Facebook told DailyMail.com that the company’s internal systems were also faulty, which may have led to the problems.

Facebook and Messenger’s problems came to light when users noticed they had been kicked out of their accounts and could no longer log in – even with the correct credentials.

Meanwhile, the news feed on Instagram started showing an error message.

Although the issues were resolved shortly after noon ET, many people are wondering how much it cost the social media giant.

Meta’s stock price also fell 1.5 percent when issuance reports started rolling in around 10 a.m. ET, but has since fallen 1.6 percent.

Dan Ives, managing director of Wedbush Securities in New York, told DailyMail.com that Meta lost about $100 million in revenue Tuesday morning due to the platforms being unavailable worldwide.

Meta blamed the outage on “technical issues” but gave no further details

Most problem reports mention problems with the apps: 72 percent for Facebook, 64 percent for Instagram and Messenger is 50 percent.

Some people experiencing problems initially thought their accounts had been hacked, but there are more than 80,000 messages on X about Facebook and Instagram being down.

Musk responded to Meta’s outage with a message on X: “If you are reading this message, it is because our servers are working.”

DailyMail.com also found that two-factor authentication (2FA) – which sends a text message with a code to a user’s phone to log in – wasn’t working.

Meta’s services dashboard, which lists the services, continued to show major disruptions for some features, but then switched to ‘Unknown’, completely or completely blank.

While the Facebook insider told DailyMail.com that the issue stemmed from internal tools, the public has shared their speculation about X.

Some people experiencing issues initially thought their accounts had been hacked, but there are over 80,000 posts on X about Facebook and Instagram being down

Some suggested the outage was a “cyber attack,” as is the case on Super Tuesday, the day when several states will hold presidential primaries.

Jake Moore, technical expert and security consultant at ESET, said a cyber attack is unlikely but not impossible.

“Facebook has a history of decline, but this could be for a long list of reasons,” he told MailOnline.

“While it is very unlikely that this is a cyber attack, it can never be completely ruled out, but it is much more likely that it is yet another internal network problem.”

Kerri Lisenbigler, editor at TheRevOpsTeam, said the outage is “annoying” but probably “nothing too serious.”

“It’s not the first time this has happened and it won’t be the last,” she told MailOnline.

‘Major platforms like Facebook and Instagram (and now Threads) manage a huge amount of traffic and data every hour of the day.

“This means that a small glitch or human error in the server room can easily turn into an outage affecting millions of users.

“These things are only really worrying if Meta’s teams fail to get everything back online within a few hours, then people start speculating about the possibility of a cyber attack.”