British royal couple Prince Harry and Meghan Markle have announced exit from the royal family. They will be stepping down as the senior members of the Royal family as declared last night.

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In a statement published on their website and social media platforms, Prince Harry and Meghan said they plan to balance their time between the UK and North America and "work to become financially independent".

"We intend to step back as 'senior' members of the royal family and work to become financially independent while continuing to fully support Her Majesty The Queen," they said in a statement released by Buckingham Palace.

As soon as the news broke, shocking reactions started pouring in from all over the world on social media. While some are deeply upset with their decisions, some appreciated their personal choice and few took a hilarious take on the situation.

As soon as Meghan and Harry announced their exit, #Megxit started trending on Twitter. Here's how netizens reacted to the news of Harry and Meghan stepping back as senior royals...

Later, Buckingham Palace issued a short statement saying "discussions with The Duke and Duchess of Sussex are at an early stage".