NEW YORK — Shares of American Express Co. climbed 2.41% to $334.04 in midday trading Monday, recovering some ground lost after the payments giant reported stronger-than-expected second-quarter results last week but kept its full-year profit outlook unchanged while signaling higher spending on growth.

The stock rose $7.87 as of 11:05 a.m. EDT on July 27, according to market data, following a roughly 6% drop on July 24 when investors focused on rising expenses and the company’s decision to reinvest first-half outperformance rather than boost near-term earnings guidance. American Express closed Friday at about $326.

On July 24, the New York-based company reported second-quarter net income of $3.1 billion, or $4.53 per diluted share, up 11% from $2.9 billion, or $4.08 per share, a year earlier. Revenue net of interest expense rose 10% to $19.6 billion. Both figures topped Wall Street expectations, with analysts looking for roughly $4.40 in earnings per share and slightly higher revenue.

Billed business, a key measure of card member spending, increased 9% to $455.8 billion, the strongest growth rate in three years on a foreign-exchange-adjusted basis. Net card fees climbed 15% to about $2.9 billion, marking the 32nd consecutive quarter of double-digit growth in that line. Provisions for credit losses fell to $1.1 billion from $1.4 billion a year earlier, reflecting a reserve release amid stable credit quality. The net write-off rate held at 2.0%.

Consolidated expenses, however, rose 12% to $14.5 billion, driven by higher variable customer engagement costs tied to increased spending, the U.S. Platinum Card refresh, greater use of card benefits, and elevated operating expenses. Management indicated marketing expenses would run about 10% higher in the second half of the year compared with the prior year.

American Express raised its full-year 2026 revenue growth guidance to 10% from a previous range of 9% to 10%. It reaffirmed earnings-per-share guidance of $17.30 to $17.90. For the first six months of 2026, revenue net of interest expense rose 11% to $38.5 billion, and diluted earnings per share increased 14% to $8.81.

Chairman and Chief Executive Officer Stephen J. Squeri described the quarter as another strong performance. “We had another excellent quarter, with 10 percent revenue growth, EPS of $4.53, and Card Member spending growth of 9 percent, the highest rate we’ve seen in three years on an FX-adjusted basis,” Squeri said in the company’s earnings release. “Based on our better-than-expected performance in the first half of the year, we are raising our full-year revenue growth guidance to 10 percent and plan to reinvest this outperformance in growth initiatives given the significant opportunities we see ahead. We continue to expect full-year EPS of $17.30 to $17.90.”

He added: “Six months into the year, we’re seeing stronger momentum than we expected. The investments we made in our value propositions have driven accelerated spend and revenue growth; our Platinum portfolio is now the fastest growing in our U.S. Consumer business; our best-in-class credit performance further strengthened; and we continued to attract a large number of new customers, particularly Millennials and Gen-Zs who represent greater lifetime value.”

On the earnings call, Squeri addressed why the company chose not to raise the profit outlook despite the revenue lift. “We have a choice, we can either drop the overperformance to the bottom line and buy back more shares, or we can invest to grow the business,” he told analysts. “We’ve chosen the latter because, in the long run, it is the one that creates the most value for our shareholders.”

The company added about 3 million new cards in the quarter. More than 70% of new accounts acquired year-to-date were on fee-based products, with the proportion reaching about 75% in the second quarter—the highest level since the intensified focus on premium offerings. U.S. consumer services revenue rose 11%, commercial services 7%, and international card services 12%. Travel and entertainment spending grew 10%, with restaurants, hotels, and airlines contributing. Travel bookings jumped 22%.

American Express returned roughly $2.9 billion to shareholders in the quarter through share repurchases and dividends. It bought back about 7 million shares for $2.2 billion and paid $600 million in dividends. The Common Equity Tier 1 capital ratio stood at 10.4%, and return on average equity reached 36.4% for the quarter.

The company also highlighted strategic moves. It announced a proposed acquisition of TheFork, a European restaurant booking platform with about 50,000 restaurants across 11 countries, for roughly $700 million. It expanded partnerships, including a global deal with ALL Accor, became the official payments partner of Fanatics at select locations, enabled Membership Rewards points redemption for Apple Pay checkouts by U.S. card members, and introduced new travel benefits for Delta SkyMiles cardholders. It also piloted a new expense management platform for middle-market commercial customers.

Chief Financial Officer Christophe Le Caillec noted the company plans to reinvest overperformance into marketing and growth to support and accelerate momentum. Credit metrics remained solid, with delinquency and write-off rates still below 2019 levels. Executives said they saw no broad slowdown in spending among their premium customer base despite economic uncertainty, though middle-market commercial activity showed some softness while small business and large corporate remained stronger.

Analysts and investors initially reacted to the expense growth and flat profit guidance with selling pressure. Shares fell more than 6% on the results day as the market weighed higher near-term costs against the raised revenue outlook and robust spending trends among affluent cardholders. Monday’s rebound suggested some investors were looking past the short-term margin pressure toward the company’s longer-term strategy of refreshing premium products, acquiring higher-value younger customers, and expanding its ecosystem of benefits and partnerships.

American Express has emphasized its Membership Model centered on premium products, differentiated services, and partnerships. The U.S. Platinum Card refresh has driven engagement and spend consolidation among existing members. Net interest income rose 11% on higher card balances, though portfolio sales created a modest headwind. The effective tax rate was 23.6%, up from 18.7% a year earlier due to prior-year discrete benefits.

Looking ahead, management expects card fee growth to accelerate in the third quarter and exit the year in the high teens. The company continues to invest in technology, including AI capabilities for internal efficiency and customer experiences, and remains open to additional investment opportunities. Squeri has described the current environment as still early for transformative AI impacts, likening it to the “preseason.”

The stock’s 52-week range has run from about $288 to $387. Market capitalization stood near $223 billion following Friday’s close. Dividend yield hovered around 1.1%, with a recent quarterly dividend of 95 cents per share.

American Express’s results underscore resilience in premium consumer spending on travel, dining, and entertainment even as broader economic signals remain mixed. By choosing to reinvest rather than maximize near-term profits, the company is betting that sustained investment in its value propositions, customer acquisition—especially among Millennials and Gen Z—and ecosystem partnerships will deliver stronger long-term returns. Monday’s share price recovery indicated that at least some market participants were beginning to price in that longer view after digesting the details of the quarterly report.

Cracker Barrel’s chief executive is quitting a year after the company faced a widespread backlash over its controversial rebrand.

The restaurant chain said on Monday Julie Masino will leave in August, with the former boss of Bloomin’ Brands, David Deno, taking over.

Its rebrand sparked a national controversy, with critics including President Trump, who urged the chain to restore its original logo after critics accused it of abandoning its heritage.

Masino did not issue a statement about her resignation, but Cracker Barrel’s management thanked her for her tenure.

Masino will be paid an estimated $4.6m as part of a departure package, according to the company’s 8-K filing, external. Cracker Barrel declined to comment, referring the BBC instead to the filing.

The leadership change comes after a turbulent period for the business, which runs nearly 660 country-themed store and restaurants sites across 44 US states.

Plans to simplify the classic logo and modernise store interiors sparked fierce resistance from loyal diners who argued the changes stripped away the brand’s nostalgic Southern charm.

It follows a similar uproar in 2022 when Cracker Barrel faced online backlash from some customers after adding plant-based sausages to its breakfast menu.

Such controversies highlight the delicate balance facing brands hoping to attract younger audiences without alienating their core, longstanding customer base. Critics described the latest rebrand as “soulless” and “generic”.

Jo-Ellen Pozner, an associate professor at Santa Clara University’s Leavey School of Business, said the leadership swap “seems to reflect the polarization many Americans feel today”.

She added that doubling down on conservative values may help win back vocal loyalists but “paints the company into a corner”.

“Changing anything about the menu, decor, or branding at this point is dangerous, so there are few levers to attract new customers,” Pozner said.

President Trump later congratulated the chain on its reversal, external.

In his own statement on the transition, Deno paid tribute to Cracker Barrel’s “deep connection with guests across generations”.

In addition to public scrutiny, Cracker Barrel has struggled financially.

Shares of the Tennessee-based chain fell by more than 2% after Monday’s announcement and are still around a fifth lower than this time last year.

Cracker Barrel’s shares have struggled because sales are falling and customer traffic is slowing, all while restaurants grapple with soaring costs.

The transition comes as Cracker Barrel faces fierce competition from chains like Denny’s and IHOP, which have been fighting to take market share among budget-conscious diners seeking classic American comfort food.

Masino will stay at the company until October to help Deno through the transition.

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A bootstrapped business is one that funds its own growth out of revenue rather than outside investment, and while British venture funding is running at record levels, a growing number of founders are deciding they would rather not take the money.

The term gets used loosely, but the meaning is narrow. A bootstrapped company pays for its growth from the cash it generates, plus whatever the founders put in at the start. There is no venture capital or institutional equity on the cap table, and no investor timetable dictating when the business must be sold or floated. The phrase borrows from the old image of hauling yourself up by your own bootstraps, and in practice it describes a company whose only real backer is its customers.

The definition matters because the alternative has rarely looked more tempting on paper. UK startups raised a record $17bn (£12.7bn) in the first half of 2026, with late-stage deals taking 68 per cent of all capital, up from 42 per cent a year earlier.

Read past the headline and the picture narrows considerably. Data intelligence firm Tracxn put UK technology funding at $15.3bn over the same period, spread across fewer completed rounds than in the second half of 2025. Investors are writing bigger cheques to a smaller number of companies, and a founder looking for £2m to £10m is raising into a market that has become markedly choosier.

Policymakers have noticed the gap. The British Business Bank has more than doubled its direct equity investing in nine months, explicitly to prod domestic institutions into following it. For the owner of a profitable but unfashionable business, though, the calculation has not changed much: capital is available, it is simply expensive in terms of control.

That is what bootstrapping trades. Growth is capped at what customers are willing to pay for today, and hiring waits until payroll can absorb it. There is also no external board to satisfy. What the founder keeps is the whole of the equity and the whole of the decision, which is worth a great deal in a downturn and very little in a land grab.

The precedent is not a fringe one. Mailchimp spent two decades funding itself on subscription revenue from small businesses before Intuit agreed to buy it for roughly $12bn in cash and stock in 2021, one of the largest exits ever recorded by a company that never raised a venture round. The founders owned all of it at the point of sale, a reminder that never raising and never selling are separate decisions.

The most instructive current European example sits in Amsterdam. Browser gaming platform Poki began as a personal collection of web games assembled by co-founder Michiel van Amerongen in the mid-2000s, was incorporated as a company in 2013, and has never taken external investment.

The scale it reached without it makes the case. Poki now counts more than 100 million monthly active players, a figure the company says puts it within range of PlayStation Network’s 119 million. Revenue has grown by around 50 per cent a year since 2020, according to Bloomberg, on a team that went from 50 to 65 staff last year.

The mechanics matter more than the folklore. All of the platform’s revenue comes from advertising, and its games run in the browser rather than through an app, so developers sidestep app-store gatekeeping and install friction, and the company avoids the user-acquisition spending mobile publishers typically fund with investor money. A venture-backed rival buys installs; the largest single share of Poki’s traffic arrives through organic search. Distribution that costs nothing is the structural reason revenue alone was sufficient.

That is the point most retellings of a bootstrapping story miss, and the reason it is a strategy rather than a virtue. Self-funding works where customer acquisition is cheap and cash converts quickly. It is close to unworkable in sectors where the first product costs millions before anyone can buy it, and it offers no protection against a rival who raises £50m to buy the market outright. Founders who choose it are betting that their distribution is defensible.

Concentration is the other cost. Poki’s revenue rests on a single advertising stream, and van Amerongen has said the company is exploring models beyond it. The Dutch Game Awards named the firm Best in Business in December 2025, citing its growth as a bootstrapped company competing globally.

For UK founders reading the funding headlines, the sharper question than whether to raise is whether the business has a distribution advantage its own revenue can compound. Where one exists, outside capital mostly buys speed the company may not need. Where it does not, no amount of ownership will substitute for the cheque.

Major League Soccer has spent the past several years building toward global relevance, fueled by the arrival of Lionel Messi, a booming broadcast deal and the countdown to this summer’s World Cup on home soil. But when it comes to official rankings of the world’s strongest soccer leagues, MLS still has significant ground to cover before it can call itself elite.

According to the latest rankings from the International Federation of Football History and Statistics, released in January 2026, MLS sits 40th among the world’s soccer leagues, well outside the top tier still dominated by Europe’s traditional powers.

Europe Still Rules the Rankings

The English Premier League was named the best football league in the world, accumulating 2,369 points according to the IFFHS, dethroning Italy’s Serie A, which had held the top spot for the previous two years. The Italian championship dropped to fourth place in the rankings, falling behind Spain’s La Liga and Brazil’s Brasileirão.

The full top 10, based on IFFHS points, breaks down as follows: the Premier League leads with 2,359 points, followed by La Liga at 2,073, Brazil’s Brasileirão at 1,999, Serie A at 1,972, Germany’s Bundesliga at 1,880, France’s Ligue 1 at 1,502, Liga Portugal at 1,145, Argentina’s Primera División at 1,089, the Dutch Eredivisie at 1,064, and Colombia’s Categoría Primera A rounding out the top 10 with 1,025.5 points.

The top 20 leagues overall include 12 championships from Europe, five from South America, two from Asia and one from Africa, with the Saudi Pro League and Cyprus’s top flight entering the rankings for the first time. The Saudi League, home to Cristiano Ronaldo, was ranked 13th overall with 868.75 points.

MLS Climbs, But Remains Well Outside the Top Tier

Despite not cracking the top 20, MLS has shown clear signs of progress in the IFFHS methodology. In the 2025 rankings, MLS climbed nine positions compared to the previous year, moving up to 40th overall with 426.75 points, up from 49th the year before. The league, now home to stars including Messi, Son Heung-min and Thomas Müller, benefited from that increased star power in the ranking’s calculations.

That places MLS well behind the Saudi Pro League despite the Gulf competition’s shorter track record on the world stage. The Saudi Pro League sits 13th globally with 868.75 points, placing it 27 positions ahead of MLS, which sits 40th with 426.75 points.

A Different Picture From Other Rankings

Not every ranking system tells the same story, and MLS fares considerably better in some alternative methodologies that weigh factors like squad value, star power and global visibility more heavily than IFFHS’s historical, results-based points system. One prominent 2026 ranking places Brazil’s Série A atop all non-European leagues, with Portugal, the Netherlands, MLS and Mexico’s Liga MX rounding out what that outlet considers a genuinely global top 10.

That same analysis describes MLS as the fastest-rising league in the world rankings, having jumped three places in the 2025-26 cycle, crediting Lionel Messi and Inter Miami’s MLS Cup triumph with putting American soccer on the global map like never before. The league’s combined squad value has also crossed the €1.18 billion mark, with expansion clubs and improved youth academies helping to close the quality gap with Europe.

A separate outlet’s 2026 breakdown similarly placed MLS inside a global top 10, ahead of leagues such as the Saudi Pro League and Eredivisie, though that assessment leaned more heavily on financial power, star quality and global appeal than on the points-based, results-driven system IFFHS uses.

Why the Rankings Diverge

The gap between these assessments highlights a broader debate in global soccer about how to measure a league’s true strength. IFFHS bases its rankings primarily on club performance in continental and international competitions, along with historical results, a methodology that tends to reward leagues with deep, consistent success in tournaments like the Champions League, Copa Libertadores or AFC Champions League. That system has generally been unkind to MLS, whose clubs have historically struggled to make deep runs in CONCACAF Champions Cup play against Liga MX opposition.

By contrast, rankings built around commercial metrics, squad valuations and star power tend to favor leagues like MLS and the Saudi Pro League, both of which have invested heavily in marquee international talent even as their overall on-field competitiveness against Europe’s elite remains unproven.

MLS Growth Continues Ahead of the World Cup

Regardless of where various rankings place the league, MLS enters a pivotal stretch as co-host of this summer’s World Cup alongside Canada and Mexico. The 2026 MLS season features 30 clubs split across Eastern and Western Conferences, with a six-week break built into the regular-season schedule from May 25 to July 16 to accommodate the World Cup, which is being played across the United States, Canada and Mexico.

MLS’s long-term outlook has been buoyed by robust infrastructure investment across the league, a lucrative broadcasting partnership with Apple TV, and the arrival of the 2026 World Cup in North America, all factors that observers say point toward continued growth for the league in the years ahead. By star power alone, MLS could make a strong claim to a higher ranking simply by virtue of housing Messi, widely regarded as one of the greatest players in the sport’s history.

The Bottom Line

For now, where MLS truly stands in the global soccer hierarchy depends heavily on which yardstick is used. By the IFFHS’s traditional, performance-based measure, the league remains a distant 40th in the world, trailing not just Europe’s traditional powers but also leagues in Argentina, Colombia, Turkey, Belgium and Saudi Arabia. By more commercially oriented rankings that emphasize star power, squad value and global reach, MLS increasingly finds itself discussed in the same breath as historic European and South American competitions.

What both camps agree on is the trajectory: MLS is rising, and the World Cup arriving on its home turf this summer offers the clearest opportunity yet for the league to translate that momentum into a genuine seat at soccer’s top table.

Every major real estate project starts as an idea. Before new homes are built or financing is secured, someone has to bring together the legal pieces that make the project possible. That kind of work rarely makes headlines, but it shapes communities every day.

For Gita Sankano, that challenge has defined her career. From growing up in New York City to working on Wall Street, graduating near the top of her law school class, and handling sophisticated real estate finance transactions, she has built a career around solving complicated problems. Along the way, she has remained focused on something bigger than legal documents.

“The definition of success is subjective,” Gita says. “However, for me, it’s giving back to my community and pouring in whatever knowledge I have to the youth.”

How Gita Sankano Built a Career in Real Estate Law

Gita Sankano was born in Harlem and raised in the Bronx. Education became the foundation for everything that followed.

She attended CUNY John Jay College, where she earned both a Bachelor of Arts in Political Science and a Master of Public Administration. While finishing graduate school, she worked as an auditor at the Metropolitan Transportation Authority Headquarters on Wall Street.

The experience gave her an early look at how large organizations operate. It also strengthened the attention to detail that would become one of the defining traits of her legal career.

Her path was not always easy.

“Being the first in my family to attend college was an obstacle,” she says. “However, I was able to find mentors to help me navigate my way.”

Those mentors helped her see opportunities she may not have recognized on her own. Years later, she still believes in paying that guidance forward.

Why Law School Became a Launching Pad

Gita continued her education at the University of Maryland School of Law. She graduated Cum Laude and finished in the top 20 percent of her class.

She also stayed active outside the classroom.

She served as Associate Symposium Editor for the Business & Technology Law Journal and Staff Editor for The Authority National Affordable Housing Law Digest. Her academic work earned her the Dean’s Fellow Scholarship for academic excellence and first place in the Paul Cardish Writing Competition.

These accomplishments reflected more than strong grades. They showed a willingness to study difficult topics and communicate them clearly. Those skills would later become essential in transactional law.

What Kind of Work Does Gita Sankano Do?

After graduating, Gita clerked for the Honorable Michael W. Reed at the Court of Special Appeals of Maryland. The clerkship gave her valuable insight into legal reasoning and judicial decision-making.

She then joined a large law firm, where she spent about five years representing the nation’s largest lenders.

Her work centered on the origination, sale, and servicing of commercial loan transactions sold to secondary market investors, including Fannie Mae and Freddie Mac. She represented lenders participating in Fannie Mae’s Delegated Underwriting and Servicing (DUS) program and Freddie Mac’s Capital Markets Execution (CME) program.

She also coordinated financing closings across the country for multifamily housing developments and health care facilities financed through FHA insurance programs.

Many projects involved several moving parts at once. Some combined Low Income Housing Tax Credits, Historic Tax Credits, tax-exempt bonds, bridge loans, state and local financing, Section 8 contracts, Section 202 and Section 236 Use Agreements, and mezzanine financing.

Each transaction required careful planning and close coordination among lenders, developers, government agencies, investors, and legal teams.

How Big Ideas Become Successful Projects

Today, Gita represents the District of Columbia Department of Housing and Community Development in complex affordable housing finance transactions.

Her work includes reviewing and drafting legal documents, advising on housing policies, and helping structure transactions that often involve multiple funding sources, property acquisitions, and dispositions.

While affordable housing is a major part of her practice, her experience also reflects the broader world of commercial real estate and transactional law. She understands how legal strategy, careful planning, and collaboration help move projects from concept to completion.

Her role is often about creating solutions before problems arise.

That ability to organize complex transactions has helped support projects that serve both investors and communities.

The Mindset Behind Gita Sankano’s Career

When asked what has made the biggest difference in her career, Gita points to something simple.

“Believing in yourself and believing that you have control over your destiny.”

That mindset has helped her navigate each stage of her professional journey, from being the first in her family to attend college to handling some of the most detailed financing structures in commercial real estate.

She also credits one person for setting that example early.

“My mother has been my biggest influence,” Gita says. “She is a hard working woman who never gives up and keeps going forward.”

Those lessons continue to shape how she approaches both her work and her life.

Outside the office, Gita enjoys traveling, hiking, painting, Pilates, and exploring art. She has also shared her experiences as a keynote speaker at the Smiling Coast Women Conference, encouraging others to pursue education, seek mentors, and invest in future generations.

Looking back, her career is not defined by a single transaction or accomplishment. Instead, it is built on years of thoughtful work that has helped turn complicated ideas into real projects. Whether working on commercial real estate financing, advising on housing policy, or mentoring others, Gita Sankano continues to show that meaningful progress often comes from careful preparation, steady leadership, and a commitment to creating opportunities that last.

Instagram experienced a widespread outage Monday morning, with users across the platform reporting problems accessing the app beginning around 11:05 a.m. Eastern time, according to outage-tracking service Downdetector.

Downdetector said user reports indicated problems with Instagram since 11:05 a.m. Eastern time, and the company posted about the disruption on X shortly afterward, using the hashtag #InstagramDown. The scope of Monday’s outage and the specific issues users encountered were still becoming clear as reports continued to come in.

A Pattern of Recurring Problems

Monday’s disruption is not an isolated incident. Instagram has experienced multiple outages over the past two weeks alone, part of a broader pattern that has frustrated users and raised questions about the reliability of one of the world’s most widely used social media platforms.

Just five days earlier, on July 22, thousands of users reported problems on Downdetector, with nearly 1,400 reports logged and issues appearing to begin around 7:30 a.m. Eastern time. That outage affected several major U.S. cities, including New York, San Francisco, Chicago, Seattle, Los Angeles and Atlanta, and it appeared other Meta-owned services, including Messenger and Facebook, were experiencing problems at the same time.

During the July 22 outage, Downdetector reports spiked to more than 2,000 almost immediately and eventually reached a high of around 4,000, with the disruption lasting roughly two hours starting at 6:30 a.m. Meta did not appear to acknowledge that outage on its official status page, and the problems seemed to center primarily on direct messages, which were not going through for many users.

An Even Broader Outage Earlier in the Month

The July 22 disruption followed an even larger international outage just days before. On Sunday, July 19, some Facebook and Instagram users reported international outages that left them unable to access their feeds, according to two internet watchdogs and a check of the platforms. More than 23,000 users reported problems with Facebook in the United States alone between 3:44 and 5:02 a.m. Eastern time that morning, while at least 18,000 reports flagged problems with Instagram in the U.S. during the same window, according to Downdetector’s data.

Internet monitoring group NetBlocks, which tracks worldwide internet access, noted that the Facebook and Instagram disruptions were international in scope and unrelated to any country-level internet restrictions.

Recent Reports Suggest Ongoing, Smaller-Scale Issues

Beyond the larger, headline-grabbing outages, data from outage trackers suggests Instagram has continued to experience a steady stream of smaller user-reported issues throughout the past week. Status-monitoring service StatusGator logged 7,392 outage reports in the 24 hours leading into Monday, with users describing a range of problems including pages that wouldn’t load, story-posting failures, login errors, and app crashes.

Individual reports came in from locations spanning Puerto Rico, Saudi Arabia’s Mecca region, Ireland, India’s Punjab state, Oregon, Maryland, England and Spain, describing issues ranging from posts getting stuck partway through uploading to apps glitching and shutting down unexpectedly.

How Instagram Outages Typically Unfold

Based on the pattern of recent disruptions, Instagram outages have tended to resolve within a relatively short window, though the company has not always been quick to publicly acknowledge problems while they are occurring. Instagram outages are often resolved within 30 minutes, though a more significant outage can affect the entire Meta network for several hours. Looking at a broader window, Instagram experienced five incidents over the trailing 90-day period, with a median duration of roughly one hour and nine minutes.

That track record suggests Monday’s outage, like several before it this summer, could resolve relatively quickly, though the exact timeline and root cause had not been confirmed as of publication.

Meta’s Track Record on Communicating Outages

Meta, Instagram’s parent company, has had an inconsistent record of publicly acknowledging outages in real time. During several recent disruptions this year, the company’s official status page continued to show no known issues even as user reports on third-party trackers spiked into the thousands, a discrepancy that has fueled user frustration and made platforms like Downdetector the primary source of real-time information during outages.

Why These Outages Keep Making Headlines

With more than 2 billion monthly active users worldwide, even brief disruptions to Instagram can generate outsized attention, both because of the platform’s massive scale and because so many businesses, creators and everyday users rely on it for real-time communication, marketing and social interaction. Each outage tends to trigger a familiar cycle: a spike in Downdetector reports, a wave of complaints on X and other platforms, and eventually either an official acknowledgment from Meta or a quiet resolution as service returns to normal.

The repeated nature of these disruptions in July has drawn particular notice, with users online increasingly commenting on what feels like a heightened frequency of outages compared with previous months. Whether Monday’s issue is connected to the same underlying causes as the July 19 and July 22 incidents remains unclear, and Meta has not detailed the technical root cause of any of the month’s outages publicly.

What Users Can Do

In the meantime, users experiencing problems are typically advised to try basic troubleshooting steps, including restarting the app, checking their internet connection, or trying to access Instagram from a different device or network. If problems persist across multiple devices and networks, that is generally a stronger indicator of a broader, platform-wide issue rather than a local connectivity problem.

For now, the scale and duration of Monday’s outage remain in the process of being assessed, with real-time reports on Downdetector offering the clearest available window into how widely the disruption is being felt as the situation continues to develop.

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Facebook experienced a widespread outage Monday morning, with user reports surging just minutes after a similar disruption hit sister platform Instagram, according to outage-tracking service Downdetector.

Downdetector reported that user complaints about Facebook began around 11:08 a.m. Eastern time, prompting the company to post about the disruption on X using the hashtag #FacebookDown. The timing closely mirrored a separate wave of Instagram outage reports that began just minutes earlier, suggesting the two Meta-owned platforms may have been affected by the same underlying issue.

Two Platforms, One Company, Same Morning

Facebook and Instagram are both owned by Meta Platforms, and the two services have a well-documented history of experiencing simultaneous outages, given that they often share underlying technical infrastructure. Monday’s near-simultaneous disruption reports fit a pattern that has played out repeatedly in recent Meta outages, where problems on one platform frequently coincide with issues on the other.

As of the most recent check by outage-monitoring service StatusGator, however, official indicators painted a more muted picture than the real-time user reports suggested. StatusGator’s last check of Meta’s status found the service operational as of 11:05 a.m. UTC on July 27, with 25 user-submitted outage reports logged over the preceding 24 hours. That relatively modest 24-hour figure stood in contrast to the concentrated spike in complaints reported by Downdetector around the same time Monday morning, a discrepancy that has been common during past Meta disruptions, when user-facing problems have periodically outpaced what appears on official status trackers.

A History of Recurring Disruptions

Monday’s reports add to what has become a familiar pattern for Meta’s family of apps. The company has experienced several high-profile service disruptions in recent years, some lasting only minutes and others stretching for hours and affecting hundreds of thousands of users worldwide.

Meta experienced a nearly six-hour global outage in October 2021 that affected Facebook, Instagram, WhatsApp and Messenger simultaneously, an incident the company attributed at the time to a faulty configuration change to its network infrastructure that unintentionally cut off communication between its data centers. More recently, in March 2024, Facebook and Instagram, along with Threads and WhatsApp to a lesser extent, suffered a widespread outage that left hundreds of thousands of users unable to access their accounts for more than two hours, with many users unexpectedly logged out and unable to sign back in while Instagram feeds failed to refresh.

How Past Outages of This Type Have Unfolded

Previous joint Facebook-Instagram outages offer a rough template for how Monday’s disruption might play out. During a comparable outage in 2024, Facebook, Messenger, Threads and Instagram reported tens of thousands of complaints beginning around 10 a.m., with Facebook’s outage reports reaching 183,731 at their peak, according to Downdetector. In that incident, 75% of affected Facebook users reported issues with logging in, 17% reported problems with the app, and 8% reported issues with the website, while Facebook’s own login status page marked the disruption a “major disruption” before later declaring it resolved that afternoon.

During that same episode, Instagram’s outage reports peaked at 89,330, with 62% of affected users reporting app-related issues, 27% reporting problems with their feed, and 10% reporting login troubles. That outage was eventually resolved within a few hours, with Meta’s communications team confirming the fix publicly once service was restored.

Meta’s Communication Pattern During Outages

Meta has generally acknowledged major outages through its communications team once problems become widespread, though the company has often been slow to do so and has typically declined to offer detailed technical explanations. During a prior large-scale outage, Meta’s communications director posted on X that the company was aware people were having trouble accessing its services and was working on the issue, later confirming the problem had been resolved and describing it only as “technical” in nature, consistent with the company’s longstanding practice of offering limited detail about the underlying causes of most of its outages.

Meta does not operate public-facing status pages for its consumer products the way many technology companies do, instead relying on its business products status page, which tracks services like advertising tools rather than the consumer apps themselves. That approach has often left outage-tracking services like Downdetector as the most immediate public source of information during disruptions, since Meta’s own status indicators frequently continue showing normal operations even as user complaints mount elsewhere.

What to Watch For

Based on the pattern of previous incidents, resolution timelines for Meta outages have varied considerably, ranging from disruptions lasting under an hour to episodes stretching across an entire afternoon. Users experiencing problems Monday were left to rely largely on Downdetector’s real-time reporting and social media chatter for updates, as is typically the case during the early stages of a Meta service disruption before the company issues any official acknowledgment.

Given that both Facebook and Instagram reported issues within minutes of each other Monday morning, the disruption appeared consistent with past incidents in which a single underlying technical issue affected multiple Meta platforms simultaneously, though the company had not yet confirmed the cause or scope of Monday’s problems.

A Frustrating Pattern for Users

For many users, Monday’s outage is likely to feel like part of an increasingly familiar rhythm. Meta’s platforms have faced a string of disruptions throughout the summer, with outages affecting Instagram alone reported on multiple occasions in recent weeks. The recurrence of these incidents has fueled ongoing frustration among users who rely on Facebook and Instagram for everything from personal communication to business operations, even as the platforms have historically restored full service within hours in the vast majority of cases.

As of Monday late morning, the full scope and cause of the outage remained unclear, with users encouraged to check official channels and outage trackers for updates as the situation continued to develop.

The state-owned lender targets to raise $1.5 billion from FCNR-B alone by September, managing director Brajesh Kumar Singh said.

“We have already raised $750 million in FCNR-B deposits and expect the count to cross $1 billion this month,” Singh said after announcing a slim 2.2% year-on-year rise in first quarter net profit at Rs 4856 crore against Rs 4752 crore in the year-ago period.

He said that the bank would target to raise around $1 billion in the third quarter through a combination of external commercial borrowing and overseas foreign currency borrowing.

He also said that the mobilisation of FCNR-B deposits would help the bank shed about Rs 10000 crore of bulk deposits, which constitutes over a fifth of the bank’s total deposit base, keeping cost of deposits near 5.3% even after a 40 basis point moderation year-on-year.

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The bank’s operating profit rose 0.96% year-on-year at Rs 8636 crore while total income was lower at Rs 39696 crore for the quarter against Rs 41442 crore in the year ago period.

Mobilisation to help shed ₹10K-cr of bulk deposits, bank says after posting slim growth in Q1 net

A 13.4% year-on-year rise in net interest income at Rs 10215 crore was offset by a 60% drop in earnings from sale of investment at Rs 654 crore against Rs 1617 crore earlier.
It maintained net interest margin for the quarter at 2.52% against 2.55% a year prior. Gross non-performing assets ratio improved to 1.57% as at June 2026 reduced from 1.84% as at March 2026 and 2.69% as at June 2025. Net NPA ratio improved to 0.36% from 0.43% and 0.63% over the same period.

The bank’s gross advances expanded by 18% year-on-year to Rs 12.93 lakh crore while deposits increased by 11.6% to Rs 16.12 lakh crore at the end of June.