#AsFaceBookWasDown, remember that hashtag the was trending yesterday on twitter? Well, #AsFaceBookWasDown it reportedly incurred $500,000 in looses after it went down for about half an hour on Thursday.
Reports say that the lost was based on the first-quarter revenues of $2.5 billion of Facebook work out to around $1.16 million an hour. Hence, the social media site may have lost around half a million dollars in ad revenue for the recent outage.
Millions of Facebook users around the were unable to use the social network site as it was down and were only greeted by a message that said “Sorry, something went wrong. We’re working on getting this fixed as soon as we can” when they tried to access their accounts.
This was the longest outage the company experienced in the past four years. Facebook spokesman Jay Nancarrow said the site ran into an issue while updating the configuration of one of their software systems. After changes had been made, Facebook users started to have trouble accessing their accounts.