• News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
This is how much Facebook and Instagram supposedly lost every minute during yesterday's major outage

Home> Social Media

Published 09:39 6 Mar 2024 GMT

This is how much Facebook and Instagram supposedly lost every minute during yesterday's major outage

Meta experienced an embarrassing outage yesterday.

Prudence Wade

Prudence Wade

In case you were living under a rock and missed it, Facebook and Instagram went down yesterday.

Hundreds of thousands of people took to the website Downdetector, which tracks online outages, to report issues with Meta-owned platforms Facebook, Messenger, Instagram and Threads.

Luckily, everything is now back up and running again - with Andy Stone, Meta’s head of communications, taking to X (formerly Twitter) to say that the whole palaver had been caused by a "technical issue".

Anna Moneymaker / Staff / Getty
Anna Moneymaker / Staff / Getty

Advert

It's not the first time that Facebook and Instagram have gone down, and we'd hazard a guess that it won't be the last.

This is the nature of websites and services - they'll have outages. Back in 2021, a similar technical glitch set people speculating about just what the impact of such down periods might be on Meta's bottom line (which hadn't yet changed its name from Facebook at the time).

This was what prompted YouTuber Chris Williamson to ask his followers: "Can anyone estimate how much money Facebook will be losing per minute while all sites are down?"

It's not the sort of question you might think you could possibly answer, but another user did some quick math to try figure an estimate out based on the revenue that Facebook had reported from advertising the previous year.

They speculated: "Last year's ad revenue (for Facebook's sites) was $84.2bn. So, for every minute it's down, they're losing around $160,000. Or, $2,670 per second."

Now, it's important to note that this is just one person's guess and it's pretty much impossible to work out just how accurate the numbers might be.

Needless to say, the sheer amount of money that Meta makes from advertising when its services are all working is undeniable - so it stands to reason that it might lose a whole chunk of change when people can't log on.

It underlines how huge the consequences might be for the company, from what feels to us like a fairly minor period of disruption.

Since Mark Zuckerberg's personal fortune is heavily tied to how Meta fares financially, too, it could have an impact on his net worth, which currently sees him sitting in fourth place in Bloomberg Billionaires Index, lagging behind Amazon's Jeff Bezos in the top spot.

Featured Image Credit: NurPhoto / Contributor / Tom Williams / Contributor / Getty
Instagram
Meta
Mark Zuckerberg
Threads
Facebook

Advert

Advert

Advert

Choose your content:

a day ago
2 days ago
  • NurPhoto / Contributor / Getty
    a day ago

    Investor reveals how much you'd have if you invested just $5,000 in the biggest companies 15 years ago

    If only we could see into the future

    Social Media
  • Bureau of Immigration
    2 days ago

    Vitaly makes shocking confession about time in Philippines jail as he threatens to 'expose corruption'

    He's wasted no time in trying to tell his side of the story

    Social Media
  • SanyaSM / Getty
    2 days ago

    Exactly what happens day-by-day to your brain if you stopped sleeping

    It's safe to say that it's not recommended

    Social Media
  • Weiss Eubanks/NBCUniversal via Getty Images
    2 days ago

    How one simple mistake lost Matt Damon $600,000,000

    Matt Damon claims he turned down a very lucrative film deal

    Social Media
  • Mark Zuckerberg admits reason he almost deleted every single person's Facebook friends in 2022
  • Facebook is bringing back iconic feature for the first time in 21 years to attract young people
  • Users divided as Facebook and Instagram launch controversial paid tier
  • Facebook revives money-making feature two years after closure users say is a real 'slap in the face'