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The United States and Amazon suffered huge economic losses due to the catastrophic shutdown of the Internet

The United States and Amazon suffered huge economic losses due to the catastrophic shutdown of the Internet

If your internet connection was interrupted for about an hour, how much would you lose? Of course, this can be frustrating, but it will not deduct money from your bank account, will it? Well, you can’t say that for some companies. In fact, for a long period of time, being unable to access the Internet may have a devastating effect on the economy.

What does this let us say? Well, Merchant Machine, a British website that rates POS terminals, did some research to find out the economic losses that companies and countries suffer when there is no Internet for an hour, 10 hours, or even a whole day. He also mentioned the number of Internet users in the country. In order to clarify some of the shocking results of the research, it should be noted that if the United States joins, it will lose about 57 billion U.S. dollars, even if China and India (alone) have more Internet users than the United States.

where is the Internet It’s not as many as in the United States.” Although China’s loss of income during the day without the Internet will be close to USD 6 billion, India will only lose more than USD 1 billion. In fact, one hour of national Internet interruption has caused US economic losses of up to 303 billion U.S. dollars. Now, let’s take a look at the major Internet companies around the world.

For example, Amazon is known for relying on power outages throughout the day, but this will deal a huge blow to the company (worth more than $1 billion). Without the Internet, Alphabet, the parent company of Google and other companies, would only lose about $500 million a day. But if the downtime is extended to a full year, Amazon may lose about $386 billion.

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In addition, the e-commerce giant lost $734,399 in just 60 seconds of global Internet disruption. Google, Facebook, Netflix, and PayPal are also listed as the top 10 companies that have suffered huge financial losses due to Internet interruptions. In this study, Merchant Machine checked the annual revenue of each company and divided it by one day, then 24 hours, and then 60. This method allows them to calculate the loss per minute, hour, day, and year.

The United States and Amazon suffered huge economic losses due to the catastrophic shutdown of the Internet

Image Credit: Digital Information World

The United States and Amazon suffered huge economic losses due to the catastrophic shutdown of the Internet

Image Credit: Digital Information World

LAST THOUGHTS:

In fact, for a long period of time, being unable to access the Internet may have a devastating effect on the economy. In order to clarify some of the shocking results of the research, it should be noted that if the United States joins, it will lose about 57 billion U.S.dollars, even if China and India have more Internet users than the United States. where is the Internet It’s not as many as in the United States”. Without the Internet, Alphabet, the parent company of Google and other companies, would only lose about $500 million a day.

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