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News on Medial
Mark Zuckerberg's Meta loses $3 billion after Instagram, Facebook global outage
Livemint
·
1y ago
Medial
Yesterday, Meta's social media platforms experienced a global outage that lasted for over 30 minutes, affecting billions of users worldwide. The outage resulted in an estimated loss of $3 billion for Meta. Mark Zuckerberg, the CEO of Meta, lost around $2.79 billion in a day, but still remains the world's fourth-richest person. The outage also affected WhatsApp Business, with approximately 200 reports of outages. During the outage, Elon Musk took the opportunity to take a jab at Meta. This incident follows Meta's strong financial performance in February, which increased Zuckerberg's net worth by $27.1 billion.
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WhatsApp is down worldwide and stuck on connecting
The Verge
·
1y ago
Medial
WhatsApp experienced a global outage, impacting its 2 billion users. Users faced connection issues, with the service stuck on "connecting." Messages were not delivered until the service was restored. The outage also affected Meta's business APIs for WhatsApp, Messenger, and Instagram. While the issues seemed to be resolved by 4 PM ET, Meta has not provided an official response. Additionally, some users reported problems with Facebook and Instagram, but access appears to have been restored. This outage follows a recent Meta outage that affected Facebook, Instagram, Messenger, and Threads.
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Zuckerberg marks 20 years of Facebook: Reflects on past, envisions, ‘The best is yet to come’
Livemint
·
1y ago
Medial
Mark Zuckerberg celebrated the 20th anniversary of Facebook, acknowledging its evolution into a global phenomenon. He shared a nostalgic video reflecting on pivotal moments from the past two decades, highlighting the complexities faced along the way, including disputes with co-founder Eduardo Saverin. Despite challenges, Facebook has thrived under Zuckerberg's leadership, boasting over 3 billion monthly users. With Meta leading the charge, Zuckerberg envisions a future filled with innovation and progress. Meanwhile, Meta has experienced a remarkable resurgence, with significant growth in revenue and profits. Zuckerberg's net worth has also surged, making him the fourth wealthiest individual.
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Elon Musk gloats after Meta resorted to announcing an Instagram and Facebook outage on X
Business Insider
·
1y ago
Medial
Facebook-owned platform Meta experienced a widespread outage, forcing them to use Elon Musk's rival platform X to communicate the issue. Musk took the opportunity to mock Meta, joking about the outage. Facebook and Instagram also experienced disruptions, with users reporting difficulties accessing their accounts. Meta resolved the issue and apologized for the inconvenience. The relationship between Meta CEO Mark Zuckerberg and Musk has been tense, with both publicly mocking each other's platforms.
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Meta's Instagram down for thousands, Downdetector shows
Economic Times
·
1y ago
Medial
Instagram, owned by Meta Platforms, experienced an outage on Thursday, impacting thousands of users in the United States. At its peak, over 5,000 users reported difficulties accessing the popular photo-sharing platform. This follows recent global outages affecting other social media platforms owned by Meta, including Facebook, Instagram Messenger, and Threads. In India, nearly 15,381 users reported a Facebook outage and over 19,200 users reported a similar issue with Instagram on March 5th.
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Meta denied resources, fearing the Instagram’s success: Cofounder Kevin Systrom
Economic Times
·
3m ago
Medial
Kevin Systrom, Instagram co-founder, testified in a federal antitrust trial that Meta, under Mark Zuckerberg, limited Instagram’s resources, perceiving it as a competitive threat. The government claims Meta's acquisition strategy aimed to maintain its monopoly by eliminating rivals. Systrom, contradicting Zuckerberg's assertion of investment, noted Instagram's insufficient growth support compared to Facebook. Despite praising Meta previously, Systrom argued Instagram's potential was curtailed, contrasting Zuckerberg's testimony on facilitating Instagram's growth post-acquisition.
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Mark Zuckerberg is almost $54 billion richer this year — and he's closing in on Elon Musk
Business Insider
·
1y ago
Medial
Mark Zuckerberg's fortune has significantly increased in 2024, making him a strong contender for the position of the world's third-richest person, just behind Elon Musk. Since January, Zuckerberg's wealth has surged by nearly $54 billion, bringing his net worth to $182 billion. Most of his wealth comes from his stake in Meta, the parent company of Facebook, Instagram, and WhatsApp. In contrast, Musk's net worth has dropped by $40 billion due to concerns about Tesla's slowing growth. Despite their previous rivalry, it is unlikely that the two billionaires will settle their differences in a cage match.
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Meta CEO Mark Zuckerberg now world’s third richest man, enters exclusive club with net worth of $200 billion | Mint
Livemint
·
10m ago
Medial
Mark Zuckerberg, co-founder and CEO of Meta Platforms, has achieved a net worth of $200 billion, making him one of the world's wealthiest people. He joins the ranks of Jeff Bezos and Elon Musk, the only other individuals with over $200 billion in net worth. Zuckerberg's wealth primarily comes from his 13% stake in Meta, the parent company of popular social media platforms like Facebook and Instagram. Meta generated $134.9 billion in revenue in 2023 and has around four billion monthly users. Zuckerberg's net worth grew by $71.8 billion in 2024, surpassing other tech moguls like Larry Ellison, Bill Gates, and Steve Ballmer. The recent surge in Meta stock prices has contributed to his wealth growth. Meta's annual Connect conference unveiled new products, including augmented-reality glasses and updates to virtual-reality and artificial intelligence offerings, such as the ability to customize the voice of Meta's chatbot.
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Meta's Mark Zuckerberg not liable in lawsuits over social media harming children
Deccan Herald
·
9m ago
Medial
A federal judge ruled that Meta CEO Mark Zuckerberg is not personally liable for claims alleging harm to minors due to social media addiction. The court found that the allegations lacked sufficient evidence linking Zuckerberg's personal actions to these harms. The decision narrows the scope of accountability within Meta's executive ranks, as claims about the negative impact of platforms like Instagram and Facebook continue. However, lawsuits against Meta itself, focused on company policies and algorithms, remain ongoing.
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Another Outage? Meta-Owned Facebook & Instagram Down In India
Inc42
·
1y ago
Medial
Facebook and Instagram experienced a major outage globally, causing users to face issues with logging in, refreshing feeds, and being logged out unexpectedly. The outage started around 8:45 PM IST and led to the trending hashtag "#instagramdown" on X (formerly Twitter). Users reported disruptions on Instagram, Facebook, and Messenger, owned by Meta. Troubles were experienced by users in both India and the US.
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Mark Zuckerberg has entered his Posting Era
Business Insider
·
1y ago
Medial
Mark Zuckerberg's recent video review comparing Apple's Vision Pro to Meta Quest 3 has sparked discussions. While he makes points about the Vision Pro being heavy and uncomfortable, he credits it for having a brighter, sharper screen. Some compare his rant to Steve Ballmer dismissing the iPhone's debut. Apple and Facebook have a long history of beef, including privacy concerns and the "Ask App Not to Track" feature that impacted Meta's ad business. Zuckerberg's increased posting activity may be a business strategy to tackle challenges faced by Meta.
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