30 Minute Facebook Outages Costs $500,000

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Many Facebook users faced an outage for 30 minutes recently which has been estimated to have cost the company a loss of $500,000.

Facebook has over a billion users so last Thursday when some users lost access for around half an hour, the company began loosing revenue to a tune of $500,000.

As soon as the outage was reported, Facebook sent a message out stating, “sorry, something went wrong. We are working on getting this fixed as soon as we can.”

While the company has not issued a formal statement on the matter, or the reason for the outage, a spokesperson for the site said:

“Early this morning, we experienced an issue that prevented people from posting to Facebook for a brief period of time. We resolved the issue quickly and we are now back to 100%. We’re sorry for any inconvenience this may have caused.”

This is not the first time Facebook has experienced a costly outage. Back in 2010, the site went down in some areas for up to 2.5 hours which forced the company to release an official statement.

It is not clear how much that 2.5 hour long outage would have cost the company but it seems that this latest $500K loss will not even make a dent in their pockets.

Facebook’s first quarter revenues this year are $2.5 billion which works out to be roughly, $1.16 million per hour, so no doubt the company will recover.

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