The global economy lost billions of dollars on Monday evening as Facebook, WhatsApp and Instagram went down at about 4.42pm.
NetBlocks, which tracks internet outages and their impact, reports that the outage had already cost the global economy about $160 million per hour.
It also projected that the Chief Executive Officer of Facebook, Mark Zuckerberg, lost nearly $7 billion since the outage began.
According to TechCrunch, users were also unable to send messages or load new content on the mobile apps for these platforms.
There were several reactions to the development on Monday as millions of users trooped to Twitter, a microblogging site.
A Twitter user had even tweeted that facebook.com was now up for sale, and Twitter’s Chief Executive Officer, Jack Dorsey, had tweeted asking for the price of the domain.
However, about 6 hours later, the social media platforms came back on.
