Categories
Business Technology

Venturebeat on Facebook Blacklist!?

I tried opening a Venturebeat article from Facebook the other day and got the below screenshot:

Venturebeat on Facebook Blacklist

Just goes to show even the big brands can fall victims to problems like this. Creating a process to test problems like this on a regular basis is crucial and one of the reasons we created Process Street.

Hopefully they can fix this soon!

Categories
Business Technology

How Much Money Does the Facebook Ecosystem Produce?

Facebook went down the other day for the first time I can remember.

Got me thinking about how much money is being lost every minute they are down.

I know individuals who spend upwards of $50,000 each day on Facebook advertising, which is actually nothing compared to the big brands.

If you take into consideration:

  • All the revenue being lost by Facebook themselves
  • The opportunity cost of a large portion of Facebook’s employees not being able to do their jobs properly
  • All the hundreds of thousands of advertisers who’s ads are not being displayed
  • Hundreds of thousands of brands who’s posts are not being read of their fanpage walls
  • All the apps that have gone down, including massive platforms such as Zynga
  • All the third party Fabook developers who cant work right now cause Facebook is down
  • Social media managers who cant do their jobs
  • Loss of data from 3rd party analytics companies
  • Probably many other things I cant think of.

Facebook is SO massive that anything it does has a massive ripple effect. I once read a while back that the Facebook ecosystem had created over 220,000 jobs, that number is probably much larger now.

Crazy to think about.