Failure could cost Facebook $ 100 million

News

Failure could cost Facebook $ 100 million

07.10.2021 News

Failure of Facebook, Instagram and WhatsApp applications could cost the company about $ 100 million, according to analysts at Fortune.

In particular, the calculations were based on the company’s financial results for the second quarter of 2021, in which Facebook’s revenue was $ 29.08 billion, or $ 319.6 million per day, or $ 13.3 million per hour. The company’s applications did not work for about 7.5 hours, so it could lose $ 99.75 million.

At the same time, another company that provides advertising evaluation services, Standard Media Index, estimated Facebook’s losses at $ 3.3 million during the period of failure. However, the Standard Media Index relied solely on estimating how much companies spend on advertising their products in Facebook applications per day.

At the same time, Mires Prue, vice president of research at Forrester, estimates that about 10 million companies and brands that advertise on Facebook and Instagram can reasonably claim damages – presumably in the form of free advertising.

“Only Facebook can tell exactly how much of the revenue is lost as a result of the crash. Advertisers and customers should demand that the company make up for lost opportunities,” Prue said.

According to The New York Times, sales of some companies that use Facebook platforms during the failure, which occurred on Monday, fell by 30-70% compared to the previous week.

Other articles

Read also

Failure could cost Facebook $ 100 million
News

The German company Leoni AG will build a second plant in Ukraine

The German company Leoni AG will build a plant in Kolomyja,  Ivano-Frankivsk region. This was reported by Dmitry Romaniuk, the head of the department of European integration and the development of tourism in Ivano-Frankivsk Regional State Administration. “The German company Leoni AG will build a new plant in Ivano-Frankivsk region (Kolomyja) and will create 8150 […]

Next
Failure could cost Facebook $ 100 million
News

Amazon is in talks to buy Metro-Goldwyn-Mayer for $ 9 billion

Amazon seems to be looking for a new strong factor for its growth. On Monday, the media wrote about its talks with MGM Holdings, the holding company that owns the 100-year-old film studio Metro-Goldwyn-Mayer. Shares of Amazon jumped 1.47% at the close of trading on the NASDAQ on Monday, continuing to rise in non-trading time. […]

Next
Failure could cost Facebook $ 100 million
News

TikTok has sued the Trump administration due to the ban on activities in the United States

TikTok and one of its employees sued the administration of US President Donald Trump on Monday, because of his decree of a banning video service transactions in the United States, calling it a reason to incite anti-Chinese rhetoric as he seeks to win the election. TikTok Company of Culver City, California, and its Chinese parent […]

Next
Failure could cost Facebook $ 100 million
News

IT goes local. Ukrainian IT company opens new office spaces in Vinnytsia, Khmelnytskyi, Uzhhorod, and Odesa

SoftServe is expanding its presence and opening new office spaces in four cities — Vinnytsia, Khmelnytskyi, Uzhhorod, and Odesa. They are available for 250 people working in these regions as well as other employees.    The coworking in Vinnytsia where SoftServe has around 50 employees is already fully operating. Odesa is the next — office space […]

Next
Failure could cost Facebook $ 100 million
News

Walmart has partnered with three drone manufacturers launching trial delivery of tests for the coronavirus

The company Walmart continues to follow the advanced technology in the field of e-commerce and delivery. Walmart has partnered with three drone manufacturers: Flytrex, Zipline and DroneUp, as well as with the large American network of clinical laboratories Quest Diagnostics. According to the company, DroneUp drones have already made 57 flights with the average time […]

Next
Failure could cost Facebook $ 100 million
News

French media group Publicis will invest in 90 StartUps, including from Ukraine

Media Group will provide from 10 000 euros to 500 000 euros, depending on the stage of development of the project.  One of the world’s largest media group Publicis decided originally to commemorate the 90th anniversary: ​​ to finance 90 StartUps from around the world, including Ukraine, – writes AIN. As the newspaper writes, the […]

Next
Failure could cost Facebook $ 100 million
News

Alphabet has taken $10 billion in the bond market at a record low interest rate

On August 3, Alphabet issued bonds worth $10 billion. This is the largest issue of debt securities in the history of the company, according to the Reuters. With $ 10 billion bond tranche allocated $ 1 billion with a maturity of 5 years and a coupon of 0.45%. The $4.5 billion tranches with maturities of […]

Next
Failure could cost Facebook $ 100 million
News

Farmak сan be deprived of license to use the trademark Diazolinum

Commercial Court of Kiev  took to attention  the case of the right’s  deprivation of Farmak Ukraine on the use of certificates for signs for Diazolinum goods. It is reported by a specialized news resource Pharma.net.. A prerequisite to the beginning of the litigation was an appeal of representatives of the international distributor of Farmat LTD […]

Next
Failure could cost Facebook $ 100 million
News

Microsoft will build two large data centers in New Zealand

The American corporation Microsoft has received permission from the New Zealand Department of Foreign Investment to build data centers in Auckland. This is stated in a statement issued by the agency on Wednesday. “New Zealand subsidiaries of Microsoft Corporation received management’s approval of foreign investments to purchase business assets, including various land, to further creation […]

Next
Failure could cost Facebook $ 100 million
News

Lamborghini has reproduced the first copy of Countach

Automaker Lamborghini has recreated the very first copy of the famous Countach supercar, built in 1971. The project is dedicated to the 50th anniversary of Countach. This was reported by the press service of Lamborghini. “The Lamborghini Countach LP500 debuted at the Geneva Motor Show in March 1971 and marked a new era not only […]

Next
Failure could cost Facebook $ 100 million
News

The tenth distillery was sold at auction in Ukraine

The State Property Fund sold the Khorostkiv distillery at auction for UAH 55 million. This was reported on the auction page. This is the tenth enterprise in the industry to be privatized. Its initial cost was 31.4 million UAH. It is noted that four buyers participated in the auction for the sale of the Khorostkiv […]

Next
Failure could cost Facebook $ 100 million
News

Dell reported of a good second quarter

Shares of Dell Technologies rose after the company released results for the second quarter of fiscal 2021, which ended July 31 this year. Since the beginning of the year, shares of Dell Technologies have risen by about 21.5% compared to the growth of the S&P 500 by 7.85%. Dell reported a decrease in earnings per […]

Next
Failure could cost Facebook $ 100 million
Analytics

Real Estate Market: Slow Growth

In general, over the past 2 years, the real estate market has shown positive dynamics in almost all segments, especially since the situation has equaled both in the capital and in the regions. Let’s consider more different segments. THE RESULTS OF THE 4TH QUARTER OF 2017 AT THE OFFICE REAL ESTATE MARKET IN KIEV The […]

Next
Failure could cost Facebook $ 100 million
News

Darnytsia seized the accounts of the intermediary of the Borshchahiv Pharmaceutical Plant

On March 19, the High Court of Justice in London upheld the claim of the pharmaceutical company Darnytsia and seized the accounts of the company, which is an intermediary in the procurement of raw materials from the German company Farmaplant Fabrikation Chemischer Produkte GmbH for Borschagiv Chemical and Pharmaceutical Plant. It is about the British […]

Next
Failure could cost Facebook $ 100 million
News

Visa will start making payments in cryptocurrency

The Visa payment system will allow the use of the USD Coin stablecoin for settlements in its network, the company said in a press release. The payment system has launched a pilot project in conjunction with the cryptocurrency platform Crypto.com and plans to offer the opportunity to conduct transactions with this cryptocurrency to partners in […]

Next
Failure could cost Facebook $ 100 million
News

Boeing received the first order for the 737 Max after lifting the ban on flights to the United States

Ryanair has made a multibillion-dollar order for a Boeing 737 Max, reports the Financial Times, citing the head of the carrier Michael O’Leary. This is the first agreement with the plane after the investigation of two plane crashes involving it, which in 2018 claimed more than 300 lives. Vertical Research Partners aerospace analyst Rob Stallard […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com