Cairo Sun

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Dubai World Trade Centre events fuel Dubai economy in 2022; Generate total incremental economic output of $3.55 billion

    May 30, 2023

    From crisis to catastrophe: China’s potential 65 million COVID cases per week by June

    May 30, 2023

    Twitter’s legal woes mount as former PR firm files lawsuit for unpaid invoices

    May 30, 2023
    Facebook Twitter Instagram
    Trending
    • Dubai World Trade Centre events fuel Dubai economy in 2022; Generate total incremental economic output of $3.55 billion
    • From crisis to catastrophe: China’s potential 65 million COVID cases per week by June
    • Twitter’s legal woes mount as former PR firm files lawsuit for unpaid invoices
    • Saudi Xerox earns the Best Place To Work certification in Saudi for 2023
    • CoinEx Launches BitHK to Provide Crypto Trading Services for Hong Kong Users
    • Global stocks surge as US debt ceiling agreement brings relief
    • India’s mastery in space: ISRO’s successful launch of Cartosat-3 satellite
    • Hisense Unveils U8 and ULED X TV Products, Redefining Entertainment in South Africa
    Facebook Twitter Instagram
    Cairo SunCairo Sun
    • Automotive

      iPhone and Apple Watch digital keys now supported by more car brands

      May 25, 2023

      Toyota debuts C+walk S for increased safety and mobility for all

      April 7, 2023

      Honda issues recall for 564,000 CR-Vs in US cold weather states

      April 6, 2023

      Mercedes-Benz launches GLC Coupe with electric off-road capabilities

      April 2, 2023

      Full self-driving Teslas are recalled to fix unsafe behaviors

      February 17, 2023
    • Business

      Global stocks surge as US debt ceiling agreement brings relief

      May 29, 2023

      Global clean energy investment set to reach $1.7 trillion, overtaking oil production

      May 27, 2023

      European Investment Bank supports circular economy with €3.4 billion lending

      May 27, 2023

      Successful UAE-India partnership stands as a model of bilateral cooperation

      May 27, 2023

      World Bank predicts 4.8 percent expansion in UAE’s non-oil sector in 2023

      May 18, 2023
    • Entertainment

      Tina Turner passes, but her music forever echoes in the heart of rock’n’roll

      May 25, 2023

      Film starring Ranbir Kapoor already a blockbuster six days after release

      March 13, 2023

      Audience for Golden Globes telecast nears record low

      January 14, 2023

      Password sharing on Netflix will cease in 2023

      December 23, 2022

      An Avatar sequel is finally released 13 years after its original showing

      December 8, 2022
    • Health

      From crisis to catastrophe: China’s potential 65 million COVID cases per week by June

      May 30, 2023

      Resting heart rate: The overlooked metric in cardiac health assessment

      May 25, 2023

      Global healthcare experts gather in Dubai for PMES 2023

      May 23, 2023

      New study highlights potential of Pfizer’s oral weight loss drug as alternative to Ozempic

      May 22, 2023

      Exercise at certain times of the day increases longevity

      February 25, 2023
    • Lifestyle

      U.S. Polo Assn. Launches Spring-Summer 2023 Collection

      April 5, 2023

      Mega-coaster to be launched at Ferrari World Abu Dhabi in 2023

      December 20, 2022

      Porsche celebrates 50 years of the 911 Cayenne RS 2.7 with a signature PUMA sneaker

      December 13, 2022

      100 supercars zip past the fans during the star-studded Gumball 3000 rally

      November 19, 2022

      Fitness App Step rewards users for staying active

      February 22, 2022
    • Luxury

      Revolutionary Islamic calendar and moon phase watch from Montres Etoile

      April 17, 2023

      An egg-sized diamond fetches over $21 million at the Geneva sale

      August 15, 2022

      Elan Yachts GT6 wins Best Boats 2022 award in the U.S.

      February 7, 2022

      Introducing Oris’s iconic Big Crown Pointer Date in a full bronze finish

      February 6, 2022

      Oris Sun Wukong Limited Edition timepiece of 2000 pieces

      December 4, 2021
    • News

      Twitter’s legal woes mount as former PR firm files lawsuit for unpaid invoices

      May 30, 2023

      WHO report urges governments: prioritize food security over tobacco industry

      May 27, 2023

      India soaring to new heights: the impact of nine years of Modi’s leadership

      May 25, 2023

      PM Modi begins action-packed three-nation tour, eyeing over 40 engagements

      May 19, 2023

      Masdar sets its sights on being one of the largest producers of green hydrogen by 2030

      May 19, 2023
    • Sports

      Pele’s mausoleum: A heartfelt homage to a soccer superstar

      May 16, 2023

      Longchamp racecourse hosts UAE President’s Cup World Series opener

      May 14, 2023

      Rising star Haaland takes Football Writers’ Association Footballer of the Year honors

      May 13, 2023

      Scotland cause major upset in their Euro 2024 qualifier by defeating Spain 2-0

      March 28, 2023

      Meydan Racecourse to host the 27th Dubai World Cup on Saturday

      March 22, 2023
    • Technology

      India’s mastery in space: ISRO’s successful launch of Cartosat-3 satellite

      May 29, 2023

      Jeff Bezos’ Blue Origin clinches $3.4 billion NASA deal for lunar mission

      May 20, 2023

      Apple partner Foxconn buys 13 million square feet site in Bengaluru for production expansion

      May 10, 2023

      UK watchdog puts brakes on Microsoft’s record $69 billion Activision deal

      April 27, 2023

      Amal spacecraft offers fresh insights into the origins of Mars’ moon Deimos

      April 25, 2023
    • Travel

      Etihad’s eco-friendly milestone: CO2 emissions down by 26 percent

      May 19, 2023

      Gaya Tumuli recommended for inclusion on UNESCO world heritage list

      May 13, 2023

      Arabian Travel Market 2023 kicks off in Dubai with a focus on sustainable tourism

      May 1, 2023

      UNWTO and GTEF strengthen partnership to unlock tourism potential

      April 22, 2023

      Tunisia tourism records 64 percent YoY increase in Q1 2023

      April 10, 2023
    Cairo Sun
    Home » Facebook down for six hours resulting in $7 billion in losses
    News

    Facebook down for six hours resulting in $7 billion in losses

    October 5, 2021
    Facebook Twitter Pinterest WhatsApp LinkedIn Tumblr Email Reddit Telegram
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Facebook Inc. and its family of apps, including Instagram and WhatsApp, were inaccessible for hours on Monday, taking out a vital communications platform used by billions and showcasing just how dependent the world has become on a company that is under intense scrutiny. Facebook’s entire network of services suddenly went offline, the worst outage for Facebook since a 2019 incident took its site offline for more than 24 hours, as the downtime hit hardest on the small businesses and creators who rely on these services for their income.

    Facebook down for six hours resulting in $7 billion in losses

    Facebook Inc. issued an explanation for the outage on Monday evening, saying that it was due to a configuration issue. The company says it doesn’t believe any user data was impacted. Facebook Inc blamed a faulty configuration change for a nearly six-hour outage on Monday that prevented the company’s 3.5 billion users from accessing its social media and messaging services such as WhatsApp, Instagram and Messenger.

    The outage was the second blow to the social media giant in as many days after a whistleblower on Sunday accused the company of repeatedly prioritizing profit over clamping down on hate speech and misinformation.
    As the world flocked to competing apps, shares of Facebook fell 4.9 per cent, their biggest daily drop since last November, amid a broader selloff in technology stocks on Monday. Shares rose about half a percent in after-hours trade following resumption of service.
    Soon after the outage started, Facebook acknowledged users were having trouble accessing its apps but did not provide any specifics about the nature of the problem or say how many users were affected.
    Mark Zuckerberg’s personal wealth has fallen by almost $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc.’s flagship products offline. A selloff sent the social-media giant’s stock plummeting around 5% on Monday, adding to a drop of about 15% since mid-September.
    The stock slide on Monday sent Zuckerberg’s worth down to $120.9 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s lost about $19 billion of wealth since Sept. 13, when he was worth nearly $140 billion, according to the index.
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Tumblr Email Telegram

    Related Posts

    Twitter’s legal woes mount as former PR firm files lawsuit for unpaid invoices

    May 30, 2023

    WHO report urges governments: prioritize food security over tobacco industry

    May 27, 2023

    India soaring to new heights: the impact of nine years of Modi’s leadership

    May 25, 2023
    Latest News

    From crisis to catastrophe: China’s potential 65 million COVID cases per week by June

    May 30, 2023

    Twitter’s legal woes mount as former PR firm files lawsuit for unpaid invoices

    May 30, 2023

    Global stocks surge as US debt ceiling agreement brings relief

    May 29, 2023

    India’s mastery in space: ISRO’s successful launch of Cartosat-3 satellite

    May 29, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023

    European Investment Bank supports circular economy with €3.4 billion lending

    May 27, 2023
    Business

    Global stocks surge as US debt ceiling agreement brings relief

    May 29, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023

    European Investment Bank supports circular economy with €3.4 billion lending

    May 27, 2023
    News

    Twitter’s legal woes mount as former PR firm files lawsuit for unpaid invoices

    May 30, 2023

    WHO report urges governments: prioritize food security over tobacco industry

    May 27, 2023

    India soaring to new heights: the impact of nine years of Modi’s leadership

    May 25, 2023
    Automotive

    iPhone and Apple Watch digital keys now supported by more car brands

    May 25, 2023

    Toyota debuts C+walk S for increased safety and mobility for all

    April 7, 2023

    Honda issues recall for 564,000 CR-Vs in US cold weather states

    April 6, 2023
    © 2022 Cairo Sun | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.