On 4.10.2021, social networks Facebook, Instagram, and WhatsApp were suspended for several hours due to a global failure. The situation led to a decrease in the quotations of technology companies. According to Forbes, the owner of these social networks, Mark Zuckerberg, lost more than $6 billion.
The global failure was caused by an unfortunate change in hardware configuration. As a result, there was an error in the distribution of traffic between data centers.
After the crash at the cryptocurrency exchange Currency.com, Facebook’s tokenized share price dropped more than 3%. An ex-employee of the company contributed to this by sending internal documents to the media and regulators. Following Facebook, tokenized shares of other companies (Amazon, Apple, Microsoft) also began to fall.