Facebook's six-hour outage - what was the price?

• Published date: 05 October 2021
• Author: HADAS LABRISCH
• Publication title: Jerusalem Post, The: Web Edition Articles (Israel)

It took six hours for the social media giant corporation to recuperate. Whatsapp in Israel returned to full operation only 8 hours after the original outage.

The internet was a raging sea without its usual posting outlets, comparing the event to a Black Mirror episode and using apocalyptical humor to vent frustration of users honed to complete dependence on the posts, videos, stories and feeds. How did this drastic night affect the technology world financially?

cnxps.cmd.push(function () { cnxps({ playerId: '36af7c51-0caf-4741-9824-2c941fc6c17b' }).render('4c4d856e0e6f4e3d808bbc1715e132f6'); });

>

Mark Zuckerberg, CEO of Facebook, is estimated to have lost $7 billion in less than 12 hours. This unbelievable sum also brings him down a notch in the list of richest people in the world, according to Bloomberg, placing him after Bill Gates at number 5.

In addition to Facebook's collapse, Amazon also lost about 2.85%. Last night, it too reported technical difficulties during the most significant worldwide social media paralysis in years.

Surprisingly, Twitter took the hardest hit of the night. Although the app became the holy grail for addicted social media users and the most active platform while its competitors...