Benzinga | Oct 6, 2021 08:47AM EDT

Who Gained Most Out Of Facebook's Outage?

* Snap Inc (NYSE:SNAP) made the most out of Facebook Inc's (NASDAQ:FB) October 4 outage versus the other rivals, Bloomberg reports.

* Snapchat usage surged 23% after Facebook services went down for six hours based on Sensor Tower data.

* Facebook blamed network configuration glitches for hampering a suite of apps from Messenger to Instagram and driving some of its 2.7 billion daily users to the competition.

* Snap saw a 23% increase in time spent on its Android app on Monday compared with the same day the prior week.

* The other rival gainers included Telegram, Signal, Twitter Inc (NYSE:TWTR), and ByteDance Ltd's TikTok.

* Telegram app added 70 million users and set new highs for registrations and activity.

* Telegram jumped to the top of the iPhone App Store as the most downloaded free app in 40 markets, while Signal was no. 1 in Poland and the top 10 in 35 markets, Sensor Tower said.

* Price Action: SNAP shares traded lower by 1.51% at $72.30 in the premarket session on the last check Wednesday.

* Photo by Souvik Banerjee from Pixabay