A global outage affecting users worldwide continues since May 22, casting a spotlight on the technical issues plaguing the platform formerly known as Twitter. Owned by Elon Musk since 2022, the service disruption has been linked to a data center issue that remains unresolved. This outage has impacted thousands of users across multiple countries, including the United States, Canada, and Germany. Notably, PANews reports that over 25,000 American users faced challenges with loading messages and updating timelines. While X’s engineering team acknowledged the data center problem on May 22nd, providing no time frame for resolution, experts have noted a potential link to a fire incident at an X-leased data center near Portland, Oregon, though its direct connection remains unclear. 🧐
This outage comes amidst scrutiny of staffing changes within the company as Musk’s workforce reduction has been widely reported. While no official statement from Musk regarding the recent disruptions has emerged, his previous dismissal of a March service outage as cyberattacks was unsubstantiated.
Crypto Market Concerns Emerge Amidst Persistent Outage
The ongoing service disruption further highlights concerns about X’s technical stability and its potential impact on user trust. Coincu research suggests that stricter regulations may be in the works to address such outages, potentially affecting financial markets. Historical data reveals prolonged service disruptions could result in lower ad revenue and a decline in user confidence.
Further Insights
The current outage shares parallels with a similar event in March 2023, lasting only three hours, but this recent disruption persists for multiple days, impacting users globally.
Market data from CoinMarketCap reveals Bitcoin (BTC) trading at $108,813.64 with a market capitalization of $2.16 trillion and dominating 63.18% of the cryptocurrency market. It has traded a volume of $57.87 billion in the past 24 hours, down by 9.84%. Bitcoin’s price has shown a slight rise over 24 hours (0.16%), continuing its impressive 17.27% gain across thirty days.
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