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How much money Meta lose amid Facebook, and Instagram global outage?

10:24 AM | 6 Mar, 2024
How much money Meta lose amid Facebook, and Instagram global outage?

Millions of social media users were in frenzy on Tuesday when Meta platforms Facebook, Messenger and Instagram were inaccessible amid an outage that lasted over one hour, and the interruption of service cost hundred-million-dollar to the social media giant.

The issue was reported after 8:20 in Pakistan and was resolved for many users after one hour.

A financial expert of New York’s brokerage firm, told British daily that Meta lost over $100 million in revenue on Tuesday due to the bug that caused global outage.

As tens of thousands reported problems including getting logged out, Meta’s share price also plunged by 1.6 percent.

Zuckerberg's company primarily raked in revenue from advertisement shown to social media users, and the recent glitch that caused the platforms to go down took big chunk of daily earnings.

Besides the financial blow, speculations rife about the cause, with some suggesting a cyberattack due to the timing coinciding with Super Tuesday - as voters in over dozen US states chose their presidential candidate.

Daily Pakistan Global Web Desk


Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal - 21 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 21, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 21 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71


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