The world stood still as some of the most used apps in the world experienced an outage on Monday
Facebook’s Monday nearly six-hour outage, preventing 3.5 billion users from accessing social media and messaging services such as Messenger, Instagram, and WhatsApp, was considered a “faulty configuration change.”
According to people familiar with the matter, the outage was caused by an internal mistake in routing internet traffic to Facebook’s systems. On the other hand, security experts have said that a careless mistake or sabotage by an insider are both plausible.
The outage marked the most extended downtime for Facebook since 2008, when a bug made the site go offline for a day, affecting about 80 million users. Moreover, yesterday’s outage is the second hit the social media takes in many days after a whistleblower accused Facebook of putting profit over clamping down on hate speech and misinformation.
As the outage unraveled, Facebook stock price lost 4.9%, the most significant daily drop since November 2020. After the resumption of service, shares rose about 0.5%.
Sources: cnbc.com, reuters.com
This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of sc.capex.com