Facebook: Instability is the Risk of Losing More than R$1 Million Per Minute
The company earned nearly 160 billion reais in the second quarter of 2021 and every minute off the air can impact revenue.
With a daily turnover of 1.7 billion reais, according to balance sheet data for the second quarter of 2021, Facebook runs the risk of losing revenue of 72.3 million reais per hour, or 1.2 million reais per minute per have your digital services down. This Monday is marked by a global outage of the company’s services, including Facebook, Instagram and WhatsApp.
The company said it was aware of the instability issues and is working to resolve them.
Facebook has its main source of revenue in the advertising market. The company has more than 10 million active advertisers on its digital platforms.
Sanitary restrictions to contain the covid-19 pandemic, which has led many people to spend more time at home and on the internet, has made Facebook‘s revenue reach $29 billion, a 56% jump between April and June this year in compared to the same period last year.