Cloudflare said on Tuesday morning that it was "all hands on deck" trying to work out the cause of the outage.

Web infrastructure company Cloudflare said Tuesday it resolved an issue on its network, which had curtailed access to some popular websites for several hours. "A fix has been implemented and we believe the incident is now resolved," Cloudflare said on its status page at 9:40 a.m. ET.

For several hours Tuesday, a significant portion of the internet was unavailable in Cloudflare's worst outage since 2019.

While brokers have not officially announced the amount of losses they have suffered, a new report by FinanceMagnates claims that the Cloudflare outage may have cost brokers an average of $1.58 billion in trading volumes, which amounts to 1 percent of their monthly revenues.

Popular websites and apps like X, Spotify, and OpenAI experienced high rates of outages. Cloudflare announced it had implemented a fix and resolved the issue by mid-morning. Issues at Cloudflare, an internet services company,

Web services provider Cloudflare got hit by an outage on Tuesday, disrupting access to many websites and services including OpenAI, Spotify, X, Grindr, Letterboxd and Canva. Cloudflare is a cloud services and cybersecurity company based in San Francisco that is used by approximately 20% of all websites,

Thousands of social media users have reported issues with X within the last few hours due to a major Cloudflare outage. On Downdetector, there was a peak of nearly 5,000 reports, just before midday. However,

An internet service that helps power websites was experiencing "widespread" server errors Tuesday morning, reportedly causing major online outages. Cloudflare, which calls itself one of the largest internet networks in the world,