Brother
Professional
- Messages
- 2,590
- Reaction score
- 539
- Points
- 113
The study showed which countries and companies will lose the most in the event of a global Internet outage.
In a world where websites and online businesses operate around the clock, even a short-term Internet outage can seriously affect finances. This is especially critical for large technology companies that serve millions of customers. According to a study by PCMag and NetBlocks, just one minute without Internet can cost large companies millions of dollars.
While a complete global Internet outage is unlikely, the consequences of such an event could be financially disastrous. PCMag magazine calculated how the crash would affect the global economy, individual countries, and large technology companies.
It is estimated that one minute of a complete Internet blackout will cost the global economy more than $20 million. The biggest losses will be incurred:
These figures can reach hundreds of millions in one day, and several billion dollars in a few days. If the outage had lasted a year, the losses could have amounted to trillions of dollars, in particular for the United States - $4 trillion.
Estimate of financial losses from one minute offline by country
As for specific companies, Amazon will lose the most. Because of the unavailability of its retail, cloud and streaming services, the company would lose almost $1 million every minute without the Internet, $1.4 billion in one day without the Internet, and almost $514 billion in a year offline.
Estimation of financial losses from one minute offline by company
It is worth noting that the calculations used data on the income of companies for 2022. If more recent revenue data had been used, the rating might have looked different.
PCMag selected the companies that are most dependent on the Internet. Companies such as Intel, Apple, Microsoft, and Nvidia would also lose a lot of money if the Internet suddenly stopped working, but they existed even before the appearance of the familiar Internet in the 90s, when it began to be widely used. Such companies would probably be able to survive by relying on their hardware and software developments.
In a world where websites and online businesses operate around the clock, even a short-term Internet outage can seriously affect finances. This is especially critical for large technology companies that serve millions of customers. According to a study by PCMag and NetBlocks, just one minute without Internet can cost large companies millions of dollars.
While a complete global Internet outage is unlikely, the consequences of such an event could be financially disastrous. PCMag magazine calculated how the crash would affect the global economy, individual countries, and large technology companies.
It is estimated that one minute of a complete Internet blackout will cost the global economy more than $20 million. The biggest losses will be incurred:
- USA - $7.6 million;
- China - $6.8 million;
- United Kingdom - $2.2 million;
- Japan - $1.8 million;
- Germany - $1 million.
These figures can reach hundreds of millions in one day, and several billion dollars in a few days. If the outage had lasted a year, the losses could have amounted to trillions of dollars, in particular for the United States - $4 trillion.
Estimate of financial losses from one minute offline by country
As for specific companies, Amazon will lose the most. Because of the unavailability of its retail, cloud and streaming services, the company would lose almost $1 million every minute without the Internet, $1.4 billion in one day without the Internet, and almost $514 billion in a year offline.
Estimation of financial losses from one minute offline by company
It is worth noting that the calculations used data on the income of companies for 2022. If more recent revenue data had been used, the rating might have looked different.
PCMag selected the companies that are most dependent on the Internet. Companies such as Intel, Apple, Microsoft, and Nvidia would also lose a lot of money if the Internet suddenly stopped working, but they existed even before the appearance of the familiar Internet in the 90s, when it began to be widely used. Such companies would probably be able to survive by relying on their hardware and software developments.
