• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Lifestyle Technology

Facebook outage and whistleblower interview causes around 5% recession of shares

Facebook’s empire of apps ceased to work on the internet at 11:40 AM ET

Sakshi K S by Sakshi K S
October 5, 2021
in Technology, The Global Economics, Top Stories
Reading Time: 3 mins read
0
Facebook outage and whistleblower interview causes 5% recession of shares

Facebook outage and whistleblower interview causes 5% recession of shares

48
SHARES
268
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

The Facebook outage on 4th September 2021 (Monday) kicked every niche of Mark Zuckerberg’s social media realm offline. WhatsApp, Instagram, Oculus, and Facebook witnessed networking issues at 11:40 AM ET.

Facebook has not yet deciphered the foundational cause of the Facebook outage discrepancy. The social media mogul’s empire of apps ceased to work on the internet at 11:40 AM ET. This mishap occurred when the company’s Domain Name System (DNS) records emerged unreachable. DNS translates to the internet’s phone book. It interprets the hostnames one types into a URL tab, like facebook.com, into IP addresses.

Facebook outage and the DNS & BGP calamity

DNS accidents occur at a fairly common rate. They can prevail for a plethora of technical causes, usually related to configuration problems, and can be resolved in a fairly straightforward manner. On Monday, however, a more serious problem seemed to have taken place.

Chief Research Officer of Bad Packets (cyber intelligence firm), Troy Mursch, stated that the Facebook outage seems to have occurred owing to DNS. However, he indicated that the DNS mishap was just a niche in a bigger loophole. The preliminary problem that caused the Facebook outage, experts say, is that the firm has inhibited the Border Gateway Protocol (BGP) route that possesses the IP addresses of the respective DNS servers. The BGP is the internet’s navigation system that closely works with the internet’s phone book. The BGS facilitates an established route for data to traverse within the information freeway.

The more apparent and unsettled question is why the BGP routes vanished. The BGP route disappearance is not a commonly prevalent problem at operations that are as huge as Facebook. During the Facebook outage, the social media goliath tweeted that it was working towards retrieving things to their original state.

Post recovery of the service on late Monday afternoon, the tech-mogul sent a statement that did not point at any technical details. The company apologized to the masses who were affected by the downtime on all their social media platforms.

Experts on internet infrastructure spoke to WIRED and blamed misconfiguration by the firm to be the reason for the outage. CTO of Cloudflare, John Graham-Cumming, stated that Facebook must have misconfigured their routers, through which an outage from the rest of the internet occurred. However, Cumming stressed the fact that he was unaware of the details of what exactly must have happened. He indicated that the internet was a network of networks and that each network advertised its presence on to another. Off late, the social media pioneer has ceased advertisement operations.

This also implies that Facebook’s external services are not the only factions that have been affected. For example, one cannot utilize ‘Login with Facebook’ to log in to third-party websites. The company’s employees couldn’t resolve the issue as the firm’s internal networks could not connect to the outside internet, on Monday.

Everybody on the internet felt the absence of Facebook on Monday owing to the Facebook outage from the face of the internet. Service providers like Cloudflare have witnessed twice the amount of usual traffic on Monday, as users around the world kept trying to load their WhatsApp, Instagram, and Facebook accounts.

Facebook shares slipped and fell approximately 5% on Monday after an interview with Frances Haugen on ’60 Minutes’, who identified herself to be a whistleblower and provided significant internal documents to the Wall Street Journal. The documents accused the tech mogul of prioritizing the welfare of the company over the privacy of its users. This coupled with the severe service outage facilitated a bearish trend of the firm’s share value.

The market was majorly declining on Monday, with the Nasdaq Composite slipping over 2%. The bearish trend was also evidently prominent amongst social media stocks like Pinterest, Snap, and Twitter which fell over 5%.

Via: Short URL
Tags: BGP route disappearanceBorder Gateway ProtocolDomain Name SystemfacebookFacebook outageFrances Haugen
Sakshi K S

Sakshi K S

Sakshi is a professional content writer engaging readers with gripping business news stories.

Related Posts

Nvidia, AMD Supports Saudi Arabia to Build AI Future
Technology

Nvidia, AMD Supports Saudi Arabia to Build AI Future

by The Global Economics
May 14, 2025
Alibaba Challenges OpenAI and Google with Self-Sufficient AI Search Tech
Technology

Alibaba Challenges OpenAI and Google with Self-Sufficient AI Search Tech

by The Global Economics
May 12, 2025
Apple Introduces AI Search, and Google Should Be Worried
Technology

Apple Introduces AI Search, and Google Should Be Worried

by The Global Economics
May 8, 2025
Abu Dhabi and Japan Plan to Hold Hands to Strengthen Clean Energy, Hydrogen, AI
Infrastructure

Abu Dhabi and Japan Plan to Hold Hands to Strengthen Clean Energy, Hydrogen, AI

by The Global Economics
May 6, 2025
US and Ukraine Sign the High-Stakes Critical Mineral Pact
Trending

US and Ukraine Sign the High-Stakes Critical Mineral Pact

by The Global Economics
May 1, 2025
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a Bi-Monthly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

HSBC And Ant International Launch First Blockchain-Backed Deposit Tokenisation System in Hong Kong

HSBC And Ant International Launch First Blockchain-Backed Deposit Tokenisation System in Hong Kong

May 23, 2025
Canada Pension Fund Abandons Net Zero Policy

Canada Pension Fund Abandons Net Zero Policy

May 22, 2025
EU Proposes to Ban Russian Gas Imports By the End of 2027

EU Proposes to Ban Russian Gas Imports By the End of 2027

May 21, 2025
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version