Facebook’smassiveoutageis reportedly putting a big dent in the social web link’s pocket.
Both outlets estimated the revenue loss for Facebook as of 1 p.m. PT/4 p.m.
ET by using numbers the company provided when it released its second-quarter earnings.
During that three-month period, Facebook reported about $29 billion in revenue.
The outlets then used those numbers to calculate revenue loss based on how long the outage has lasted.
The estimates underscore the financial impact of a massive outage on Facebook’s ad business.
Facebook is currently back up for some people.
“We’re aware that some people are having trouble accessing our apps and products.
As of roughly 3:30 p.m. PT/6:30 p.m.
ET, Facebook services were slowly coming back online, the social online grid said.
Thank you for bearing with us.”
To the huge community of people and businesses around the world who depend on us: we’re sorry.
Thank you for bearing with us.
Lost revenue wasn’t the only financial problem Facebook encountered on Monday.
(Shares of Twitter and Snap were both off more than 5%.)
