Facebook hits a snag
Last week, for about 20 minutes, Facebook went offline. Though it might not seem like a long time, experts are speculating that going offline meant a great loss in revenue. Recently, we posted about Facebook’s astounding revenue increase. Now it seems the hitch may have cost the company as much as half a million dollars.
Facebook goes offline; chaos ensues
When users tried to access their accounts, an error message appeared. Others’ sites would not load at all. Predictably, being unable to access their Facebook accounts, many people panicked. Some even went as far as phoning the police. Others simply vented their frustrations via Twitter, which enjoyed a surge in visitors while Facebook was offline.
Apparently, the malfunction was due to a technical error, and no foul play is suspected. Says Facebook:
“Earlier this morning, some people had trouble accessing Facebook for a short time. We quickly investigated and have fully restored service for everyone. We’re sorry for the inconvenience.”
A loss in profits
Apart from highlighting our Facebook dependence, going offline also proved once again how profitable the website is. Polly Mosendz over at The Wire did the math, and concluded that Facebook earns around $22,453 every minute. Therefore, going offline for 20 minutes means Facebook lost nearly half a million dollars.
If nothing else, this event shows that anyone can make a mistake. Even if they are the world’s top social media network.