Facebook, galaxy blackout: economic and data losses scare companies and governments

Facebook, galaxy blackout: economic and data losses scare companies and governments
Facebook, galaxy blackout: economic and data losses scare companies and governments

A flash crisis for Facebook in the last 24 hours. A scandal and an inexplicable collapse of social platforms hit Mark Zuckerberg’s group yesterday. With WhatsApp, Instagram and Facebook in total blackout. A shock that paralyzed the world for five hours. The shares of the group, on Nasdaq, also closed sharply. Here’s what happened in the last 24 hours, according to the first reconstruction of the Newsroom of ProiezionidiBorsa.

Breakfast with scandal

It all started yesterday morning when Frances Haugen, a former manager of the group, delivered thousands of pages of documents to Congress and the Wall Street Journal. He accused the Facebook company of thinking first about profits rather than people’s safety. But also of having allowed the dissemination of false information. To prioritize earnings first of all.

The dark hour of the blackout

Before 12 in Washington (just before 18 in Italy), the inexplicable blackout. All the social services of the group, therefore Facebook, WhatsApp and Instagram, have gone haywire all over the world. The blackout lasted five hours. During which users remained in communication through other social networks such as Tik Tok, Telegram and Twitter. According to some experts, the Facebook galaxy in advertising contracts would have lost something like 80 million dollars. Facebook’s stock, which fell as low as $ 322.70, closed down on the Nasdaq, closing down 4.89% to $ 326.72. The total loss to the list is estimated at around six billion dollars. Bloomberg, on the other hand, estimates that the global economic loss amounted to $ 160 million for every hour of interruption.

The reasons for the failure

Facebook, galaxy blackout: economic and data losses scare companies and governments. What actually happened, no one can know. The company laconically announced that everything is now fine. There may have been a shift in Facebook’s infrastructure that connects all systems, some experts say. This may have created communication problems, with a cascade effect, isolating Facebook’s systems from the Internet. Other computer scientists argue that there has been no damage to the data or a risk of a hacker attack. In those hours Facebook was not reachable, it seemed literally disappeared from the Internet.

Facebook, galaxy blackout: economic and data losses scare companies and governments.

Obviously, the outage of Facebook has set in motion a reflection on a global level. Governments and businesses have debated how many of our activities are based on communication through social networks. And how risky it is to rely on those of just one company. In view of these possible events, companies and citizens must equip themselves with alternative communication channels. Of ‘indigenous’ apps perhaps developed on a continental level. Speaking of which, here’s what would be inside a European Nasdaq index.

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Facebook galaxy blackout economic data losses scare companies governments

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