Why Is Facebook Down? - CLT Livre

Why Is Facebook Down?

Why Is Facebook Down

Why did Facebook go down?

An update to Facebook’s routers that coordinate network traffic went wrong on Monday, sending a wave of disruption and effectively shutting down Instagram, Facebook and WhatsApp. Anadolu Agency via Getty Images hide caption toggle caption Anadolu Agency via Getty Images An update to Facebook’s routers that coordinate network traffic went wrong on Monday, sending a wave of disruption and effectively shutting down Instagram, Facebook and WhatsApp. Anadolu Agency via Getty Images When Facebook suffered an outage of about six hours on Monday, businesses suffered along with it.

  • The platform and its Instagram and WhatsApp siblings play key roles in commerce, with some companies relying on Facebook’s network instead of their own websites.
  • But on Monday, that network came crashing down.
  • It wasn’t a hack, Facebook said, but rather a self-inflicted problem.
  • An update to Facebook’s routers that coordinate network traffic went wrong, sending a wave of disruptions rippling through its systems.

As a result, all things Facebook were effectively shut down, worldwide.

Is there a problem with Facebook right now?

No, we are not detecting any problems with Facebook right now. We last detected an outage for Facebook on Wednesday, September 20, 2023 with a duration of about 37 minutes. What problem are you having with Facebook? To submit your report, click the button below that most closely represents the problem you are having.

Who caused Facebook to go down?

What caused it? – While Facebook’s management was apologetic, they gave no hint as to what caused the outage. With hacking issues becoming all too common in today’s cyber-security threat environment, the question arises whether Facebook’s outage might have been the result of a successful hack.

  • But this seems unlikely.
  • According to a report from The Verge referencing Facebook’s Chief Technology Officer and Vice President of Infrastructure, it seems the problem was probably Facebook’s internal infrastructure.
  • Facebook engineers were sent to one of the company’s data centres in California to work on the problem, which implies they were unable to log in remotely to the data centre.

Experts have said the outage could have only have come from inside the company. It’s likely Facebook engineers inadvertently made changes to how the network is set up, creating a cascading set of problems. Such events have happened before, albeit not with such a catastrophic effect.

Did Zuckerberg lose money when Facebook went down?

Zuckerberg loses US$6B in hours as Facebook plunges Mark Zuckerberg’s personal wealth has fallen by more than US$6 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. On Sept.13, the Wall Street Journal began publishing a series of stories based on a cache of internal documents, revealing that Facebook knew about a wide range of problems with its products — such as Instagram’s harm to teenage girls’ mental health and misinformation about the Jan.6 Capitol riots — while downplaying the issues in public.

  1. The reports have drawn the attention of government officials, and on Monday, the whistleblower revealed herself.
  2. In response, Facebook has emphasized that the issues facing its products, including political polarization, are complex and not caused by technology alone.
  3. I think it gives people comfort to assume that there must be a technological or a technical explanation for the issues of political polarization in the United States,” Nick Clegg, Facebook’s vice president of global affairs, told CNN.

: Zuckerberg loses US$6B in hours as Facebook plunges

Who lost 7 billion dollars today?

Mark Zuckerberg Loses $7 Billion in Net Worth as Facebook Stock Falls (FB) – Bloomberg.

Why did Mark Zuckerberg lose $70 billion?

September 20, 2022 / 6:23 PM / MoneyWatch Inside Facebook’s shift to Meta Inside Facebook’s shift to Meta 06:24 The stock market rout of 2022 has reduced the personal worth of plenty of tech billionaires, but none more than Meta CEO Mark Zuckerberg. The founder of the company formerly known as Facebook, Zuckerberg has seen his net worth plummet by nearly $71 billion this year, according to calculations by Bloomberg. Zuckerberg, now 38, has slipped from No.3 on the Forbes billionaires list last year to No.22 today. Blame the drop on the dizzying fall of Meta’s stock, which holds the bulk of Zuckerberg’s fortune. While the financial markets’ tumble this year has deflated several tech billionaires’ fortune by roughly a quarter, no one, not even crypto CEO Changpeng Zhao, has seen a wipeout on the scale of Zuckerberg. Since Facebook became Meta nearly a year ago, its stock has lost about 60% of its value, taking Zuckerberg’s worth down with it. The company’s pivot to the Metaverse underscores the trouble with its traditional business model, which relies on selling massive amounts of advertising against very specific user data. Apple iOS 14 changes last year that made tracking harder for advertisers took a big bite out of Meta’s earning power. Among social media companies, Meta and Snap rely the most on users on iOS, said Angelo Zino, an analyst at CFRA who covers social media companies. He pointed to Google parent Alphabet, whose earnings have held up better “because they’re not as exposed to the iOS changes,” he said. “The privacy issue has been a much bigger thorn than most people had anticipated, and it’s probably going to be an issue for longer than anyone had thought,” he added. Along with slowing revenue, Meta reported its first-ever dip in user numbers in February, At the same time, the company has increased its spending by roughly $10 billion a year to build out the virtual-reality Metaverse, a project Zuckerberg has signaled could take many years. That’s cause for concern for investors who see a surge in spending over the short term without the guarantee of a payoff. “There’s reason to be excited if you’re an investor over time, but what we know about investors is they tend to be impatient,” Zino told CBS MoneyWatch.

How did Facebook lose 7 billion?

Story highlights – Facebook’s share price has been walloped by yesterday’s outage, stripping billions out of the company Chief Executive Officer Mark Zuckerberg’s personal fortune. After a whistleblower came out and outages brought Facebook Inc.’s key programmes down, Mark Zuckerberg’s personal worth dropped by over $7 billion in a matter of hours, pushing him down a rung on the list of the world’s richest individuals.

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The stock of the social media behemoth fell over 5% on Monday, bringing its total loss to nearly 15% since mid-September. According to the index, he has lost over $19 billion in value since September 13, when he was worth nearly $140 billion. The Wall Street Journal began publishing a series of stories on September 13 based on a cache of internal documents.

Revealing that Facebook was aware of a wide range of problems with its products — including Instagram’s negative impact on teenage girls’ mental health and misinformation about the January 6 Capitol riots — while downplaying the issues in public. From a revenue standpoint, the downtime will be costly for Facebook.

Advertising revenues are thought to bring in approximately US$330 million every day for the firm, and the blackout has rendered this aspect of the business entirely inoperable. $50 billion wiped off Facebook’s market capitalisation after global outage As a result of a global outage of Facebook, WhatsApp, and Instagram, Facebook’s market capitalization dropped by approximately $50 billion.

According to Fortune, Facebook lost $99.75 million in income during the downtime on Monday, which lasted for more than six hours. Mark Zuckerberg, the CEO of Facebook, saw his net worth plummet by more than $6 billion. (With inputs from agencies)

What billionaire loses $16 billion?

Something isn’t loading properly. Please check back later. “Nightcap’s” Jon Sarlin the collapse of Sam Bankman-Fried’s crypto empire and how this could be a “Lehman Brothers” moment for the crypto market. For more, watch the full Nightcap episode here, ” data-duration=”14:26″ data-source-html=” – Source: CNN ” data-fave-thumbnails=”, “small”: }” data-vr-video=”” data-show-html=”” data-byline-html=”” data-check-event-based-preview=”” data-network-id=”” data-details=””> ‘I’m sorry. I f****d up.’ The fall of crypto’s golden boy 14:26 – Source: CNN Top business news 16 videos “Nightcap’s” Jon Sarlin the collapse of Sam Bankman-Fried’s crypto empire and how this could be a “Lehman Brothers” moment for the crypto market. For more, watch the full Nightcap episode here, ” data-duration=”14:26″ data-source-html=” – Source: CNN ” data-fave-thumbnails=”, “small”: }” data-vr-video=”” data-show-html=”” data-byline-html=”” data-check-event-based-preview=”” data-network-id=”” data-details=””> ‘I’m sorry. I f****d up.’ The fall of crypto’s golden boy 14:26 Now playing – Source: CNN suing Amazon in a landmark monopoly case reflecting years of allegations that the e-commerce giant abused its economic dominance and harmed fair competition.” data-duration=”02:03″ data-source-html=” – Source: CNN ” data-fave-thumbnails=”, “small”: }” data-vr-video=”” data-show-html=”” data-byline-html=”” data-check-event-based-preview=”” data-network-id=”” data-details=””> The US government is suing Amazon. How this might impact you 02:03 Now playing – Source: CNN

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This is how college professors know you’re cheating with AI New York CNN Business — Sam Bankman-Fried woke up on Monday still a billionaire, even as his cryptocurrency empire was beginning to unravel. By Friday, his fortune was completely wiped out. Based on net worth calculations by Bloomberg, Bankman-Fried was worth about $16 billion at the start of the week. But as his crypto exchange, FTX, collapsed, the value of his assets was reduced to zero in what Bloomberg called “one of history’s greatest-ever destructions of wealth.” FTX on Friday said it filed for bankruptcy, and Bankman-Fried, known as SBF, resigned as chief executive. The 30-year-old entrepreneur’s net worth, which was largely tied up in digital assets, peaked at around $26 billion this spring. Over the summer, as crypto prices plummeted, Bankman-Fried emerged as a white knight for the sector, using his FTX exchange and its sister hedge fund, Alameda, to secure lines of credit to crypto companies like BlockFi and Voyager that were at risk of collapsing. He told Reuters in July that he and FTX still had a “few billion” on hand to shore up other firms and help stabilize the industry. Bankman-Fried owns about 70% of FTX’s US business, which the index now estimates to be essentially worthless. His stake in online brokerage Robinhood, previously valued at more than $500 million, was removed from Bloomberg’s calculation after news reports said that stake was held through Alameda and may have been used as collateral for loans. As a follower of “effective altruism,” Bankman-Fried has sought to make as much money as possible in order to give it away. But the fate of his philanthropic endeavors is now in doubt. On Thursday, the entire staff of the FTX Future Fund, which says it has committed $160 million in grants, publicly quit. In a statement, the five-person team wrote that they “have fundamental questions about the legitimacy and integrity of the business operations that were funding the FTX Foundation and the Future Fund.”

Who lost 93 billion dollars?

The fortunes of America’s richest billionaires tumbled on Tuesday by $93 billion, the ninth-worst daily loss ever, as hotter-than-expected US inflation data roiled markets. Jeff Bezos’s wealth plunged by $9.8 billion, the most among those tracked by the Bloomberg Billionaires Index.

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Who has lost 200 billion dollars?

– Source: CNN ” data-fave-thumbnails=”, “small”: }” data-vr-video=”” data-show-html=” Newsroom ” data-byline-html=”” data-check-event-based-preview=”” data-network-id=”” data-details=””> Twitter users vote to remove Elon Musk as head of platform 03:39 – Source: CNN Top business news 16 videos – Source: CNN ” data-fave-thumbnails=”, “small”: }” data-vr-video=”” data-show-html=” Newsroom ” data-byline-html=”” data-check-event-based-preview=”” data-network-id=”” data-details=””> Twitter users vote to remove Elon Musk as head of platform 03:39 Now playing – Source: CNN suing Amazon in a landmark monopoly case reflecting years of allegations that the e-commerce giant abused its economic dominance and harmed fair competition.” data-duration=”02:03″ data-source-html=” – Source: CNN ” data-fave-thumbnails=”, “small”: }” data-vr-video=”” data-show-html=”” data-byline-html=”” data-check-event-based-preview=”” data-network-id=”” data-details=””> The US government is suing Amazon. How this might impact you 02:03 Now playing – Source: CNN

Hear what Bernie Sanders thinks about a 4-day work week 01:29 Now playing – Source: CNN

Reporter asks CEO about her nearly $29 million in compensation as workers strike 01:32 Now playing – Source: CNN

‘Complete BS’: UAW president rips auto company leaders 01:52 Now playing – Source: CNN

The biggest change in iPhone design in a decade is here 01:46 Now playing – Source: CNN

See how Trump’s mug shot was used in less than 24 hours after his arrest 01:22 Now playing – Source: CNN

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Driverless taxi company ordered to cut fleet in half after crashes 03:01 Now playing – Source: CNN

Hear how China’s economic slowdown could hurt and benefit other countries 01:27 Now playing – Source: CNN

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This is how college professors know you’re cheating with AI New York CNN — Elon Musk’s wealth destruction has become historic. The CEO of Tesla (TSLA), SpaceX and Twitter is worth $137 billion, according to the Bloomberg Billionaires Index, good enough for second place on the list of the world’s richest behind LVMH (LVMHF) Chairman Bernard Arnault, But at its peak in November 2021, Musk’s net worth was $340 billion. That makes Musk the first person ever to lose $200 billion in wealth, Bloomberg reported last week, The bulk of Musk’s wealth is tied up in Tesla (TSLA), whose stock plunged 65% in 2022, Demand for Tesla (TSLA) s weakened as competition in electric vehicles from established automakers surged last year. The company missed its growth targets and scaled back production in China. Its fourth-quarter deliveries, announced Monday, missed Wall Street’s estimates. Evidence of car buyers’ sinking interest in Teslas became apparent last month after the company announced a rare sale in a bid to clear out inventory. Tesla offered two rebates for buyers taking delivery of a vehicle before the end of the year, initially offering a $3,750 discount then doubling the rebate to $7,500 with two weeks left in 2022. Investors were rattled by the rebates, sending the stock plunging 37% in December. Critics have long questioned whether Tesla was ever worth the trillion-dollar valuation it had at the start of 2022. At its peak, Tesla was worth more than the 12 largest automakers on the planet combined, despite having a fraction of their sales. Tesla ended the year worth $386 billion — still much larger than its automaker rivals but far smaller than the tech titans — Apple (AAPL), Microsoft, (MSFT) Google (GOOGL) and Amazon (AMZN) — with which it was being compared a year ago.

CNN’s Donie O’Sullivan explains why Musk banned his Twitter account 02:30 – Source: CNN Musk’s $44 billion purchase of Twitter hasn’t helped Tesla’s stock or Musk’s personal wealth, either. Musk, Tesla’s largest shareholder, has sold $23 billion worth of Tesla shares since his interest in Twitter became public in April. His constant tweeting and increasingly erratic behavior, particularly after taking over as CEO at Twitter, has angered Tesla investors who want Musk to pay more attention to his significantly larger and more valuable company. Musk has defended himself against critics, saying he hasn’t missed a major Tesla meeting since taking on responsibility for Twitter. Tesla’s stock may rebound, and Musk could once again become the world’s richest person. But Musk’s reputation as a genius took some serious damage in 2022 — almost as much damage as his personal wealth.

Who is the richest Facebook?

Updated 2023-06-23T00:45:55Z Kim Kulish/Corbis via Getty Images

Mark Zuckerberg is one of the most powerful and wealthiest figures in the world. He has a net worth of $67.6 billion, according to Forbes, and spends much of it on charity. But he also pours money into real estate, especially in Hawaii, and cars.

Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Mark Zuckerberg is one of the wealthiest people in the world. The Meta founder and CEO’s fortune surpassed $100 billion last year, making him one of 10 centi-billionaires on the planet. As of June, Zuckerberg’s net worth was $101.1 billion, according to Forbes,

  1. Zuckerberg mostly keeps a low profile, but he does splurge on real estate — especially in the tropical paradise that is Hawaii.
  2. He and his wife, Priscilla Chan, also invest in childhood education and medical research.
  3. More recently, Zuckerberg accepted a random challenge from Twitter CEO Elon Musk to a “cage match.” The Meta CEO is known to participate in jiu-jitsu tournaments and other recreational sports,

Here’s how the tech mogul spends his billions, from cars to properties to charity.

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How much money did Mark Zuckerberg lose from Facebook?

Facebook founder Mark Zuckerberg has seen his net worth slashed by more than $100 billion this year, according to Bloomberg’s Billionaire Index, as Meta, Facebook’s parent company, faces investor pessimism about its future growth trajectory. The 38-year-old is now worth approximately $36 billion.

By comparison, heading into Thursday, Tesla CEO Elon Musk was worth $211 billion, Amazon founder Jeff Bezos was worth $139 billion, and Microsoft co-founder Bill Gates was worth $110 billion, per Bloomberg data. Meta shares were down as much as 22% in Thursday trading, making the company worth approximately $271 billion.

Zuckerberg owns nearly 367 million Meta shares, according to the data website Whale Wisdom. That amounts to about 13.5% of all its outstanding stock. Meta reported earnings Wednesday evening that fell short of analysts’ expectations, with multiple Wall Street analysts issuing downgrades.

The company faces increasing competition from other social media platforms like TikTok, as well as skepticism about its investment in the Metaverse, a virtual world environment that Zuckerberg has said represents the future of the internet. “We think Meta’s latest results, are thesis changing and likely to weigh on the shares for some period,” Morgan Stanley said in a note to clients Wednesday.

Zuckerberg once held the title of world’s youngest self-made billionaire. In 2008, at age 23, he helped take Facebook public. His net worth reached a height of $142 billion in September 2021, Bloomberg reported. While many other billionaires have seen their own net worth decline in subsequent months alongside broad stock market declines, Bloomberg said Zuckerberg has seen the single-biggest hit among those on the wealth list. Rob Wile Rob Wile is a breaking business news reporter for NBC News Digital.

How much money did Facebook lose when it was down?

Facebook’s extended downtime on Monday resulted in plenty of memes, frustrated users, and a likely productivity boost at offices across the world. At Facebook, though, it was a notable financial event. Already a subscriber? Sign in

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Learn more about the subscription offers. As of 7:00 p.m. ET, when the company announced it was coming back online, Facebook saw estimated total lost revenues of roughly $99.75 million, based on Fortune estimates. The figure is based on Facebook’s second quarter earnings, which saw revenue of $29.08 billion over a 91-day period.

  • That works out an average of $319.6 million per day or $13.3 million per hour.
  • The figure does not account for peak traffic periods or days of the week.) Facebook, Instagram, WhatsApp and Messenger went down at approximately 11:30 a.m.
  • ET., according to DownDetector, coming back online just after 7 p.m.

ET. For many companies, a $100 million drop in revenue over any time period would be a financial event of significant concern. For Facebook, it is (for now) a drop in the bucket that investors will likely shrug off. The company’s stock also took a separate beating Monday, following a whistleblower report that Facebook routinely chose “profit over safety.” It closed down about 4.9%.

  • In a 60 Minutes interview Sunday, Frances Haugen, a former product manager at the company, revealed herself as the person who leaked a series of internal Facebook research to the Wall Street Journal and lawmakers.
  • Haugen alleged in the interview that Facebook prematurely deactivated certain safeguards intended to prevent the spread of misinformation and offensive content soon after the 2020 U.S.

presidential election. She believes that decision was a factor in the Jan.6 Capitol Riots, where pro-Trump advocates stormed the Capitol. Facebook has downplayed the significance of the documents. Update (10/4/21) : This article has been updated to reflect the estimated revenue losses for the entirety of Facebook’s downtime on Monday.

Why did Mark Zuckerberg lose a lot of money?

Since the start of 2022, Mark Zuckerberg has lost nearly as much money as Warren Buffett has to his name, as Meta, the company he controls, has invested billions of dollars into an immersive “metaverse.” Already a subscriber? Sign in

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Learn more about the subscription offers. Bloomberg’s Billionaires Index calculates that Zuckerberg’s net worth has dropped $87.3 billion year to date. That’s about 83% of Buffett’s total net worth, which currently stands at $105 billion. And, that drop will likely get bigger today.

Meta stock was down another 4.5% in midmorning trading on Monday. In the past month alone, Zuckerberg’s worth has plunged from $51.2 billion to $38.2 billion as investors have turned on the social media company as it continues to funnel money into Zuckerberg’s metaverse vision. Zuckerberg holds a 13% stake in Meta.

At his peak, last September, Zuckerberg was worth $140 billion, meaning he’s lost over $100 billion since he adopted his metaverse strategy. Two months ago, Zuckerberg discussed the pressures that come with being the CEO of Meta, telling podcaster Joe Rogan, “It’s almost like every day you wake up and you’re punched in the stomach You wake up in the morning, look at my phone, get like a million messages.

It’s usually not good. People reserve the good stuff to tell me in person.” He has lost nearly $25 billion since making that statement. While Zuckerberg is betting the future of the company on the metaverse, he has a growing list of detractors, both from within the company and former allies, Altimeter Capital chair and CEO Brad Gerstner, whose investment firm owns 2.5 million shares of Meta, wrote an open letter earlier this month, saying “Meta has drifted into the land of excess—too many people, too many ideas, too little urgency An estimated $100B+ investment in an unknown future is super-sized and terrifying, even by Silicon Valley standards.” The criticism has intensified since last week, when earnings revealed a $3.7 billion third-quarter operating loss for the the metaverse division on just $285 million in revenue, leading to another tremendous drop in Meta shares.

“I made a mistake here,” CNBC’s Jim Cramer said that day in a remorseful television appearance. “I was wrong. I trusted this management team. That was ill-advised. The hubris here is extraordinary, and I apologize.” Year to date, Meta has lost 72% of its value.