Huge. I'm glad Zuckerberg is probably panicking.
1. That FB split into N independent companies, whereupon each share of FB would become 1 share in each of N companies.
2. That the supermajor shareholders (say, more than 10% of any company) each pick at most one company to retain that interest in, and sell off shares in the other companies until they had less than 10% of each of those).
3. That the new companies avoid overlapping directors.
It would be a long time in court. See the breakup of AT&T.
https://money.cnn.com/infographic/technology/att-merger-hist...
Worst case: there's a lot of legal kerfuffle and he is a multi-billionaire