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Who Gained Most Out Of Facebook’s Outage?

Posted October 6, 2021 at 11:30 am
Anusuya Lahiri

Snap Inc SNAP made the most out of Facebook Inc’s FB  October 4 outage versus the other rivals, Bloomberg reports.

Snapchat usage surged 23% after Facebook services went down for six hours based on Sensor Tower data.

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

Snap saw a 23% increase in time spent on its Android app on Monday compared with the same day the prior week.

The other rival gainers included Telegram, Signal, Twitter Inc TWTR , and ByteDance Ltd’s TikTok.

Telegram app added 70 million users and set new highs for registrations and activity. 

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.

Price Action:

SNAP shares traded lower by 1.51% at $72.30 in the premarket session on the last check Wednesday.

Originally Posted on October 6, 2021 – Who Gained Most Out Of Facebook’s Outage?

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