Businesses Suffer Losses Due to Website Outages – Business Ombudsman – Business & Economy
MOSCOW, October 5. / TASS /. The disruptions in the work of popular websites resulted in losses for businesses and affected the stock market, Russian presidential commissioner for entrepreneurs’ rights Boris Titov told TASS.
“It is too early to give definitive estimates. Of course, there have been business losses, but the fact of many hours of disruption is much more serious, which has already affected the stock market. Facebook shares have Dropped by more than 5%. [CEO] Mark Zuckerberg, according to Forbes, lost around $ 6 billion in real time, ”Titov said.
According to him, there has been a “global domino effect”. “Twitter, Google, YouTube, Telegram, TikTok had problems, then Netflix, Zoom, and VK. There are reports of the struggles of the biggest banks and airlines in the United States. So, without exaggeration, c ‘is already the plot of a disaster film, which is scary, “he added.
On Monday, users around the world reported a massive disruption to Facebook, Instagram and WhatsApp activities. Facebook, owner of these social networks and the messenger, confirmed the information about the issues and assured that they were working to resolve them. Facebook is gradually restoring access to its apps and services after a large-scale outage, the company said on its Twitter page. The overall blackout lasted more than 6.5 hours.