WHY FACEBOOK CLOSED YESTERDAY. - HIXINE PEO

WHY FACEBOOK CLOSED YESTERDAY.

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SEO Title: Facebook Outage Yesterday: What Happened and Its Impact

Meta Description: Explore the details of yesterday’s Facebook and Instagram outage, its causes, and the White House’s response. Learn how it affected users worldwide and its implications for Meta’s stock value.

Introduction

Yesterday, Facebook and Instagram users worldwide experienced an unexpected disruption as both platforms went offline for more than two hours. The outage impacted hundreds of thousands of users, leaving them unable to log in or access their accounts. In this post, we delve into the technical glitch that caused the outage, its global reach, and the market repercussions for Meta, the parent company of Facebook and Instagram.

The Outage: What Happened?

  • Duration: The outage lasted approximately two hours.
  • Cause: A technical issue within Meta’s platforms triggered the disruption.
  • User Impact: At its peak, more than 550,000 users reported disruptions for Facebook, and about 92,000 for Instagram.
  • White House Monitoring: The White House National Security Council monitored the incident but found no evidence of specific malicious intent.

Market Impact: Facebook’s Record Loss

  • Market Capitalization: Facebook’s stock value plummeted by more than $232 billion in a single day.
  • Historic Record: This loss surpasses Apple’s previous record of $182 billion in September 2020.
  • Revenue Concerns: The decline followed weaker-than-expected first-quarter revenue reported by Meta.

Employee Impact and Anonymous Posts

  • Internal Systems: Several Meta employees were unable to log in to their internal work systems during the outage.
  • Anonymous Messaging: Employees expressed concerns on anonymous messaging app Blind, wondering if they were laid off due to the login issues.

Elon Musk’s Witty Remark

  • Twitter Banter: Elon Musk, owner of rival social media platform X (formerly Twitter), took a playful jab at Meta. He posted, “If you’re reading this post, it’s because our servers are working.”

Conclusion

Yesterday’s Facebook and Instagram outage serves as a reminder of our dependence on digital platforms. While the disruption was resolved swiftly, its impact on Meta’s stock value underscores the interconnectedness of technology and financial markets.

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