According to Forbes, Facebook Inc lost an estimated $65 million during the six-hour-long outage
After a global outage of Facebook Inc’s products for six hours on October 4, most users were puzzled not knowing what was going on.
Confusions arose whether it was the internet service provider this time, or another government shutdown.
It was only after hours of restarting the wifi router and visiting Twitter that made most users realise that it was a global outage instead.
According to Forbes, Facebook Inc lost an estimated $65 million during the six-hour long outage.
This took even a bigger hit on the company’s CEO Mark Zuckerberg’s personal wealth, as the Facebook stock slid 4.8% in the trading, causing Zuckerberg’s fortunes to decline by $5.9 billion.
Facebook Inc's popular platform Instagram announced on Monday that it is testing a feature to notify its users of similar outages or technical issues directly on the photo-sharing app in the future.
The social media giant faced tremendous backlash after the global blackout of its major services like Instagram, Messenger, Whatsapp and Facebook itself.
The test will be conducted in the United States before it gets a green signal to introduce this feature worldwide.
The test run is likely to go on for a few weeks, according to the platform’s official announcement.
On October 4, a six-hour-long outage prevented the company's 3.5 billion users from accessing its social media and messaging services.
The company is also planning to roll out a feature that will help make it easier for people to know whether their account is at risk of being disabled.
In the meantime, to make matters worse, the social media giant has been the centre of memes on Twitter following the outages and is also grappling with former employee turned whistleblower Frances Haugen's accusation that the company repeatedly prioritized profit over clamping down on misinformation.
Haugen, who provided the documents that underpinned a Wall Street Journal investigation and a Senate hearing on Instagram's harm to teen girls, has agreed to meet with Facebook's oversight board in the coming weeks to brief them about what she learned while working at the company.
Luckily, the outage took place during late working hours in Bangladesh, but there have been reports of many small businesses being affected around the globe that are dependent on these platforms to sell and market their products, for which Facebook has publicly apologized.