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
The Market Online Video

Rick Rule looks ahead to U.S. election’s outcome and impact on energy

Rick Rule, president and CEO of Rule Investment Media, joins The Market Online in the above video to share his
The Market Online Video

3 global tech company stocks that are up big in 2024

In the 21st century we are seeing the gradual evolution from the knowledge economy to the age of artificial intelligence and virtuality.

Australia and New Zealand seen as top places for business

Australia has moved up the ranks in terms of its 'reputation' and ease of doing business,…

Turning around troubled times – the $1 trillion opportunity

Ukraine is opening its doors to investment to ensure it emerges from recent conflict in better…