The engineering team at Facebook blames faulty configuration modifications. In only a few hours, Mark Zuckerberg’s wealth plunged by more than US$7 billion. Not to mention US$545,000 in ad revenue it was losing per hour. Facebook’s stock plummeted 4.9% on Monday, which was its lowest daily drop since November. The outage has had massive financial repercussions for FB. This has been a third-time outage after July 2020 and March 2021. As per Downdetector, a company that analyses web issues, the outage was the most protracted Facebook has ever experienced, with more than 10.6 million reports from around the world, lasting for over 6 hours. SwapMoney – Online Money Transfer SolutionĪ massive outage affected Facebook and its other social media platforms (WhatsApp and Instagram) at 1600 GMT on Monday, October 04 2021.
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