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Facebook (NASDAQ:FB) suffers half a million revenue for 30 minutes outage


Nobody can afford to be offline these days, and results often flash that there are millions of people who have been using internet especially for long hours. Recently Facebook was offline for nearly half an hour, and the outage is considered as the longest lapse after 2019 outage incident. It is not behind the scene that the Facebook had to suffer from the severe revenue loss.facebook-stable-infra

The company has lost around $500,000 in this half an hour outage. On Thursday, June 19 Facebook has almost inaccessible to many people (nearly millions of its fans). The message reverted that “Sorry something went wrong”. In fact, me as Facbook user, tried accessing it for multiple times, but could not get connected. However, Facebook has not circulated any official statement regarding this, but the company’s spokesperson has admitted this to CNN.

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Facebook spokesman Iain Waterman told to CNN:

“Earlier this morning, we experienced an issue that prevented people from posting to Facebook for a brief period of time. We resolved the issue quickly, and we are now back to 100%. We’re sorry for any inconvenience this may have caused.”

Similar incident happened in the past in September 2010, when people were disconnected for around 2.5 hour outage. But then company made a point to release an official apology note for the inconveniences caused to users. What Facebook said then is quoted below:

“The key flaw that caused this outage to be so severe was an unfortunate handling of an error condition. An automated system for verifying configuration values ended up causing much more damage than it fixed. We apologize again for the site outage, and we want you to know that we take the performance and reliability of Facebook very seriously,” per Facebook’s statement issued in 2010.

According to Forbes, the loss in the revenue by the Facebook’s power outage is estimated to be around $500,000.

“The good news for Facebook is the damage shouldn’t be too severe, financially. Facebook’s first-quarter revenues of $2.5 billion work out to about $1.16 million an hour. So the company only ought to lose around half a million dollars in ad revenue. For a company that has already spent close to $20 billion this year on acquisitions, that’s not much of a mosquito bite.”

One of the funny tweet by 9GAG post outage:

It has also been reported that during the Facebook outage, Twitter traffic was spiked in early hours. Globally, the tweeples tweeted over 5 million times about Facebook down, that includes the hashtag #FacebookDown.

Do you think, this outage will affect the largest social network on earth? Will the rare outage of Facebook bring fortunes to the other players in the segment?


About Ariana Whitmore

ariana@thenextdigit.com'
She has been writing columns on consumer gadgets since 2010. Her areas of interests include smartphones, tablets, mobile OS and apps. She holds M.C.S. degree and working on her startup, which aims to solve IT support issues.

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