{"id":105832,"date":"2021-10-06T11:30:00","date_gmt":"2021-10-06T15:30:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=105832"},"modified":"2022-11-21T09:48:13","modified_gmt":"2022-11-21T14:48:13","slug":"who-gained-most-out-of-facebooks-outage","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/who-gained-most-out-of-facebooks-outage\/","title":{"rendered":"Who Gained Most Out Of Facebook’s Outage?"},"content":{"rendered":"\n

Snap Inc<\/strong> SNAP<\/strong><\/a> made the most out of Facebook Inc\u2019s<\/strong> FB<\/strong><\/a>  October 4 outage<\/a> versus the other rivals, Bloomberg reports<\/a>.<\/p>\n\n\n\n

Snapchat usage surged 23% after Facebook services went down for six hours based on Sensor Tower data.<\/p>\n\n\n\n

Facebook blamed network configuration<\/a> glitches for hampering a suite of apps from Messenger to Instagram and driving some of its 2.7 billion daily users to the competition. <\/p>\n\n\n\n

Snap saw a 23% increase in time spent on its Android app on Monday compared with the same day the prior week.<\/p>\n\n\n\n

The other rival gainers included Telegram, Signal, Twitter Inc<\/strong> TWTR<\/strong> <\/a>, and ByteDance Ltd\u2019s<\/strong> TikTok<\/a>.<\/p>\n\n\n\n

Telegram app added 70 million users and set new highs for registrations and activity. <\/p>\n\n\n\n

Telegram jumped to the top of the iPhone App Store as the most downloaded free app in 40 markets, while Signal was no. 1 in Poland and the top 10 in 35 markets, Sensor Tower said.<\/p>\n\n\n\n

Price Action:<\/strong><\/h2>\n\n\n\n

SNAP shares traded lower by 1.51% at $72.30 in the premarket session on the last check Wednesday.<\/p>\n\n\n\n

—<\/p>\n\n\n\n

Originally Posted on October 6, 2021 – Who Gained Most Out Of Facebook’s Outage?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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