300 billion yuan off market value!
According to foreign media reports, Us Internet giant Facebook's (FB) main social networking service suffered an outage in several countries on Monday evening Beijing time, affecting four of Facebook's social networking products. Including The Facebook platform, Messenger, WhatsApp and Instagram. The outage lasted nearly seven hours and sent Facebook's stock down nearly 5 percent, wiping out about $47.3 billion in market value overnight.
According to the Downdetector website, which monitors malfunctions and disconnections of popular Internet resources, users are reporting that Google, Youtube, Twitter, Telegram and other services are not working properly. In addition, Facebook, Instagram and Whatsapp were all down. Most users experienced problems with the Web service, but some users were also unable to log into the mobile application.
Separately, Sputnik cited Privacy Affairs as saying that 1.5 billion Facebook user data was being sold on the black market. The data refers to names, addresses, email addresses and phone numbers of social network users, according to sources that have not been officially confirmed.
The outlet noted that in late September, a user of a hacking platform said he had access to facebook's database of 1.5 billion user data, which has since been sold. The above data can be purchased in whole or in parts. One potential buyer wrote that he had been advised to pay $5,000 for data on one million Facebook user accounts.
According to Downdetector's website, users of Facebook, Instagram and WhatsApp have complained of massive outages, mainly in the US and UK, as well as in Russia, Canada, the Netherlands, Germany, Italy and France.
Meanwhile, Sputnik, citing the New York Times, reported that Facebook employees described being unable to enter the building that morning to begin assessing the scale of the glitch because their badges could not unlock the doors. According to the New York Times, security experts said the failure likely stemmed from a misconfiguration of Facebook's servers that prevented people from connecting to sites like Instagram and WhatsApp.
Hours later, Facebook announced that access to its platform and related apps had been restored after an outage that lasted nearly seven hours. Facebook founder Mark Zuckerberg has since apologized for the outage, writing on Facebook: "Facebook, Instagram, WhatsApp and Messenger are online again. I apologize for today's outage. I know how much you rely on our service to stay in touch with your loved ones."
Facebook founder Mark Zuckerberg lost $6.6 billion amid a global outage of his social network and services and fell to sixth place on the world's richest list, according to Forbes real-time data, Sputnik reported. Zuckerberg's wealth fell 5.4 percent to $116.1 billion, according to Forbes.
Separately, shares of Facebook fell sharply on the secondary market on Monday, falling nearly 6% at one point before closing 4.89% lower at $326.23, wiping about $47.3 billion off its market value overnight.