« Why do we have biased datasets? | Main | Reading the evidence for the booster shot »

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Antonio

https://www.cnet.com/tech/mobile/facebooks-massive-outage-costs-the-company-an-estimated-60-million-in-revenue/

Facebook's massive outage is reportedly putting a big dent in the social network's pocket. Fortune and Snopes estimate that the world's largest social network has already lost at least $60 million in revenue since its apps, including Instagram and WhatsApp, went offline at about 8:30 a.m. PT 11:30 a.m. ET on Monday. Both outlets estimated the revenue loss for Facebook as of 1 p.m. PT 4 p.m. ET by using numbers the company provided when it released its second-quarter earnings. During that three-month period, Facebook reported about $29 billion in revenue. That means that Facebook makes roughly $319.6 million per day in revenue, $13.3 million per hour, $220,000 per minute, and $3,700 per second. The outlets then used those numbers to calculate revenue loss based on how long the outage has lasted. The estimates underscore the financial impact of a massive outage on Facebook's ad business.

Kaiser

Thanks Antonio. To those authors, I say: wake me up when the automated algorithms finish the job. When you run Facebook advertising, you set a budget of how much you want to spend over a period of time. Almost always, the entire budget gets used up by those algorithms.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name is required. Email address will not be displayed with the comment.)

Get new posts by email:
Kaiser Fung. Business analytics and data visualization expert. Author and Speaker.
Visit my website. Follow my Twitter. See my articles at Daily Beast, 538, HBR, Wired.

See my Youtube and Flickr.

Search3

  • only in Big Data
Numbers Rule Your World:
Amazon - Barnes&Noble

Numbersense:
Amazon - Barnes&Noble

Junk Charts Blog



Link to junkcharts

Graphics design by Amanda Lee

Next Events

Jan: 10 NYPL Data Science Careers Talk, New York, NY

Past Events

Aug: 15 NYPL Analytics Resume Review Workshop, New York, NY

Apr: 2 Data Visualization Seminar, Pasadena, CA

Mar: 30 ASA DataFest, New York, NY

See more here

Principal Analytics Prep



Link to Principal Analytics Prep

Community