How much money Meta lose amid Facebook and Instagram global outage? Millions of social media users were thrown into disarray on Tuesday as Meta platforms, including Facebook, Messenger, and Instagram, experienced a widespread outage lasting over an hour.
How much money Meta lose amid global outage?
The service disruption dealt a significant financial blow to the social media behemoth, costing it upwards of $100 million in revenue.
The outage was initially reported after 8:20 AM in Pakistan and persisted for more than an hour before services began to be restored for many users.
According to a financial expert from a prominent New York brokerage firm, Meta suffered a substantial loss in revenue as a result of the glitch, tallying over $100 million.
Simultaneously, tens of thousands of users reported encountering issues such as unexpected logouts, further exacerbating the situation for Meta.
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The company’s share price also took a hit, plunging by 1.6 percent amidst the turmoil.
Meta’s primary source of revenue stems from advertising revenue generated through its platforms.
Consequently, the disruption in service significantly impacted its daily earnings, underscoring the vulnerability of its business model to technical hiccups.
Amidst the financial repercussions, speculation regarding the cause of the outage ran rampant.
Some pointed to the possibility of a cyberattack, particularly given the timing coinciding with Super Tuesday, a critical day during which voters in over a dozen US states selected their presidential candidates.
The outage served as a stark reminder of the immense influence and reach wielded by Meta’s platforms, while also highlighting the fragility of the digital infrastructure upon which modern society increasingly relies.
