top of page
Search
sophieang8

Facebook downtime, causing market value to be surpassed by Bitcoin

According to reports, starting on the morning of the 4th, US time, the social media giant Facebook suffered the longest downtime in history. From Facebook to Instagram to WhatsApp to Messenger to Oculus, almost all of Facebook's products, even Facebook's intranet were downtime. It is reported that Facebook is almost completely downtime in Europe, America, and Oceania, and it is also inaccessible in Asia, Japan, South Korea, India and other countries. Affected by this incident, Facebook’s market value has shrunk significantly and has been surpassed by Bitcoin. According to 8marketcap data, Facebook’s market value has fallen to 919.78 billion U.S. dollars, while Bitcoin’s market value is 926.09 billion U.S. dollars, which makes Bitcoin the eighth largest asset. Second only to Gold, Apple, Microsoft, Saudi Aramco, Alphabet (Google), Amazon and Silver.



0 views0 comments

Comments


bottom of page