Sudden Downtime! Facebook Evaporates 300 Billion

【Japan Himalaya League】 Author: ZiChen (子辰) Translator: Ranting

On Oct. 4, the main social service of U.S. Internet social giant Facebook Inc. experienced an outage in several countries, including the United States and the United Kingdom. The failure caused its market value to evaporate nearly $300 billion.

According to reports, the outage affected Facebook’s four major social products, including the Facebook platform, mobile chat service Messenger and WhatsApp, as well as photo social service Instagram. Facebook’s six-and-a-half-hour-long outage directly caused the stock to plunge nearly 5 percent and evaporate $47.559 billion, or about RMB 306.5 billion, in market value.

According to Reuters, the Facebook page shows the service outage was due to a Domain Name System(DNS) error. This comes on the heels of a similar outage at cloud services company Akamai that took down several sites in July.

(Picture Source: Internet.)

The report said that during the Facebook outage blocked the daily communications of 3 billion users worldwide, and showed that in addition to affecting Facebook itself, it also affected billions of “all web services linked to Facebook accounts”, such as games, media subscriptions, e-commerce services, etc. During the period, Facebook headquarters was unable to effectively clarify or update the outside world on the progress of the obstacle removal.

In addition, the network monitoring platform “downdetector” exposed data, pointing out that there are as many as 10.6 million problematic returns worldwide, “this is the largest network platform downtime ever”. It also makes the incident the largest “serious failure” in the FB series of paralysis damage.

According to Russian satellite news, during the downtime, Facebook’s massive user data was leaked and the data of more than 1.5 billion Facebook users was sold on hacker forums.

Post Script: This article only represents the view of the author.

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Posted by: Ranting

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