Facebook stock went down by about 5.5 per cent, while its Chief Executive Officer, Mark Zuckerberg, also lost nearly $7bn to the outage that plagued the social media platform on Monday.
Also affected were WhatsApp and Instagram, both owned by the Silicon Valley, California-based tech company.
In all, the global economy lost billions of dollars to the outage which took place at about 4.42pm Nigerian Time on Monday.
According to NetBlocks, which tracks internet outages and their impact, the outage had already cost the global economy about $160m per hour.
According to Independent, Facebook’s DNS problems were only a symptom.