Source: Reuters
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Sweeping website outages hit some of the world’s best known media organisations late on Tuesday following an issue with widely used cloud computing services provider Fastly
  • Users were unable to reach websites for The New York Times, The Sydney Morning Herald, The BBC, The Guardian as well as The Age for around an hour
  • Other internet mainstays like Amazon, PayPal and Spotify also faced interruptions following the Fastly bug
  • The outages were attributed to an issue with Fastly’s content delivery network
  • Fastly’s NYSE-listed shares closed out Tuesday’s session 10.85 per cent up at $56.20 apiece

Sweeping website outages hit some of the world’s best known media organisations late on Tuesday following an issue with widely used cloud computing services provider Fastly.

Users were unable to reach websites for The New York Times, The Sydney Morning Herald, The BBC, The Guardian as well as The Age.

Reddit users were also held up from accessing the website, which is widely called ‘the front page of the internet’.

Other internet mainstays like Amazon, PayPal and Spotify also faced interruptions following the Fastly bug.

Within an hour of the sites going down, Fastly released the below statement via twitter, claiming the problem has been identified and disabled.

Soon after all the sites were back online. Rumours of a cyberattack were quickly dismissed after the culprit was discovered to be an issue with Fastly’s content delivery network, which helps websites direct data more efficiently.

Surprisingly, the outages seem to have fared well for Fastly’s NYSE-listed shares, which closed out Tuesday’s session more than 10 per cent up in a $6 billion market cap.

More From The Market Online

Alcoa, Arafura pop as first Oz winners benefiting from Albo-Trump US critical minerals deal

Alcoa and Arafura have emerged as the first big winners of Albo and Trump's US$8.5B agreement…

Next door to a nickel giant: The untapped opportunity in Timmins

In the heart of Ontario’s emerging Timmins Nickel District—one of Canada’s most prolific and infrastructure-rich mining regions—a small but ambitious exploration company is
Image of an American flag flying over Washington

Trump’s 10% Intel deal belies a gov’t shouting ‘free market’ but thinking the opposite

If you wanted something to chew on from US government activities over the weekend, Wall Street's…
Bitcoin concept

Bitcoin and ether smashed all time highs this week – can the price keep running?

On Thursday, the price of Bitcoin minted yet another fresh record high, dragging along with it…