https://safirsoft.com Facebook shutdown likely to affect $60 million in losses and small businesses

I changed the data center configuration and turned off the systems. DownDetector Website Status Tracker has received more than 14 million reports from users who were unable to use the social media giant's apps and services.

READ MORE HERE WHAT WE KNOW [UPDATED] But other than the obvious inconvenience of those disconnected from these services, yesterday's disconnection not only for Facebook, but for many small businesses that depend on this platform has financial consequences.

Facebook was estimated to cost more than $60 million at the time of the crash

Facebook's revenue in 2020 was $86 billion. Experts used this figure to estimate the company's average loss yesterday at $163,565 per minute of downtime. Within six hours, that's about $60 million in lost revenue. Another Fortune report estimated the loss at $100 million, saying, “For many companies, a $100 million decline in revenue per period is a very worrying financial event. Use.”

But more importantly, the event It affected Facebook shares, which fell 4.9% on Monday and the market lost $47.3 billion. “Silence [in companies] like Facebook and Instagram means a lot of money for the company,” Julian Dunn, director of product marketing at PagerDuty, helps companies fix. Some companies estimate that while a few hours of blackout are relatively rare, even a short one — 15 minutes or half an hour — is effective because impatient consumers are eager to build a bad site. "Leaving and relocating has a huge impact on IT and development. Other teams are running the systems we visit every day."

It doesn't end here. Some businesses and small businesses experienced the equivalent of a "snow day" yesterday. Boutiques and stores that rely heavily on social media platforms to connect with customers, schedule appointments and pay are left without equipment to operate. Announcing 'Configuration Changes'

Person Responsible for Explosion

Facebook apologizes for the inconvenience caused by this incident. "To all the people and companies around the world who depend on us, we apologize for the inconvenience caused by our platforms down today. We've worked as hard as we can to restore access and our systems are now backed up." The main reason for this blackout has also affected many of the internal tools and systems we use in our day-to-day operations, complicating our efforts to quickly diagnose and resolve the issue, said Santos Janardan, Vice President of Infrastructure at Facebook. Also, Times Technology Correspondent Shera Frankel reports that some Facebook employees were unable to enter office buildings because the login access system was down.

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While cybersecurity experts initially focused on the missing DNS records on Facebook, the possible cause of the disruption is later attributed to incorrect BGP configuration. A comprehensive analysis by Celso Martinho and Tom Strickx Cloudflare explains how engineers removed Facebook BGP paths from the Internet:

Path Facebook's DNS servers went offline, and one minute after the problem occurred, Cloudflare engineers were in Room asking why [our DNS service], 1.1.1.1, couldn't fix facebook.com, and somehow worried that it might be the fault of our systems. By removing the [BGP path], Facebook and its websites were almost cut off from the Internet. But what appeared to be BGP and DNS issues to external monitors was actually the result of a configuration change that affected the entire internal backbone. “Configuration changes in core routers that sync network traffic between our data centers are causing problems in this regard,” Facebook Beasts said in a post-mortem update published yesterday. “This network traffic disruption has affected the way our data centers communicate and interrupts our services.” “Facebook services were restored at approximately 7 PM ET yesterday. The company has explicitly stated that the main reason for this outage was a change in wrong settings, and there is currently no indication that user data has been compromised. Regardless, this incident is a testament to the dominance of social media and messaging platforms in various aspects of our lives and business, and access to them is no longer optional.

Facebook shutdown likely to affect $60 million in losses and small businesses
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