Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Telegram founder says over 70 million new users joined during Facebook outage

Published 05/10/2021, 18:42
Updated 05/10/2021, 18:46
© Reuters. A 3D printed Telegram logo is pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. REUTERS/Dado Ruvic/Illustration

MOSCOW (Reuters) - Messaging app Telegram gained over 70 million new users during Monday's Facebook (NASDAQ:FB) outage, its founder Pavel Durov said on Tuesday, as people worldwide were left without key messaging services for nearly six hours.

Facebook blamed its outage, which kept its 3.5 billion users from accessing services such as WhatsApp, Instagram and Messenger, on a faulty configuration change.

"The daily growth rate of Telegram exceeded the norm by an order of magnitude, and we welcomed over 70 million refugees from other platforms in one day," Durov wrote on his Telegram channel.

Durov said some users in the Americas may have experienced slower speeds as millions rushed to sign up at the same time, but that the service worked as usual for the majority.

EU antitrust chief Margrethe Vestager said the outage demonstrated the repercussions of relying on just a few big players and underscored the need for more rivals.

Russia said the incident showed Moscow was right to develop its own sovereign internet platforms and social networks.

WhatsApp's nearly six-hour long outage on Monday hit trading of assets from cryptocurrencies to Russian oil, market players said, although a quick shift to alternative platforms such as Telegram limited severe disruption.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.