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40% Internet Traffic Plunged Costing $500,000 to Google Inc (NASDAQ:GOOG)

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Web analysts believe that due to the complete shutdown of Google Inc (NASDAQ:GOOG)’s services, the global internet traffic went down by around 40%. According to Google, its services including Gmail, Google Search, Google Drive and YouTube were blocked last night for about 1-5 minutes. The reason for this block is still not known and when Sky News Online contacted Google to inquire about the issue, the company gave no further explanation.

According to a report by GoSquared, a web analytic company this block caused a dip in the internet traffic by 40%, which shows the huge percentage of internet users Google has. Simon Tabor a GoSquared developer said that internet users rely heavily on Google.com for their internet use.

Apps Dashboard of Google Inc featured a message indicating that Google’s services were hit. The statement that was issued by Google remarked on the block and the errors Gmail users were facing. It was also mentioned that 50 to 70% of Google users faced errors on their Google requests. Most of the services were back on track after one minute, whereas the entire setup was restored after four minutes.

Phil Dearson, Tribal Worldwide’s Strategy head and a digital expert said that this block caused Google almost $500,000 or £330,000 in only a few minutes’ time.

In another turn of events, a computer expert from Palestine, Khalil Shreateh hacked into Facebook Inc (NASDAQ:FB) just to show how vulnerable the social networking site is. According to Daily Mail, Shreateh discovered a loophole that allows the user to post on the Facebook page of a total stranger. Facebook however did not pay any attention to this issue after which Shreateh posted on Mark Zuckerberg’s wall and informed him about the issue. Instead of rewarding and thanking Shreath, Faccebook dismissed the issue by denying the existence of any such bug and did not reward Shreateh, which is usually done when a programmer pinpoints a security loophole.

In Monday’s premarket, share of Google Inc (NASDAQ:GOOG) went up by 0.02% ($857.11) and shares of Facebook Inc (NASDAQ:FB) also went up by 0.67% ($37.33).

Google Inc. (NASDAQ:GOOG)
Google Inc. (NASDAQ:GOOG)
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