Microsoft shares fell amid a failure in the services of the Corporation
Microsoft is trying to restore its services after a massive outage that affected users in 74 countries and territories. In the shares of the software developer began sales
Shares of software developer Microsoft (MSFT) fell at auction on Friday, November 13, after a failure in the work of the company’s services that affected users around the world. Some brokerages were forced to return to phones and faxes to make deals, Bloomberg reports
Microsoft shares at the preliminary trading of the NASDAQ exchange at a minimum fell by 3.23%, to $506.12 per share, follows from the data at 12:30 GMT. By 13:25 MSK, the fall slowed to 2.47%.
Microsoft ranks third among the most expensive companies in the world. As of November 12, its capitalization was $ 3.88 trillion. By market value, Microsoft is second only to Nvidia ($4.01 trillion) and Apple ($5.16 trillion).
The first failures in the work of Microsoft services became known on Thursday. According to crash monitoring service Downdetector, users from 74 countries and territories complained about failures in the work of Microsoft services, including Outlook, Microsoft 365, Microsoft Store, artificial intelligence tool Copilot and corporate communication platform Teams. The disruption disrupted companies, courts, schools and government agencies around the world. In particular, the failure in the work of Microsoft services affected the Federal Police of Australia and the Australian counterintelligence ASIO. In the UK, according to the Guardian newspaper, a number of police departments have reported that they cannot accept allegations of crimes online.
A Microsoft glitch forced traders to return to phones and fax machines, Bloomberg reported. In Singapore, traders noted that some banks were unable to complete financing deals, and exchanges Euronext NV, Nasdaq and Deutsche Boerse AG said they were having email issues. Japanese companies said deals were being done by fax and Indian brokerages warned there could be delays in responding to email requests.
The failure also hampered the work of trading companies. Cartier brand owner Richemont briefly postponed the publication of the financial results report.
Microsoft in messages on the social network X explained that some of the servers became unavailable, which increased the load on the remaining infrastructure. The company suspended the rollout of updates, began redirecting traffic and restarting affected servers. However, once the load was returned, the restored servers could no longer respond.
Earlier, a massive failure in Microsoft services occurred on August 17. Users around the world complained about GitHub, Copilot and Teams. GitHub was affected for about three hours and Teams received complaints for almost six hours.
