Facebook experiences its most severe outage in more than a decade

By: Miguel A. Rodriguez

14:46, 05 October 2021

1633429140.jpg
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

Share this article

The information presented herein is prepared by CAPEX.com/eu and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.                                                                                                                            Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation.Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.