According to CoinMeta, Microsoft stated that its email service is "approaching normal levels" after experiencing a global disruption. According to estimates by a Michigan think tank, the disruption resulted in a loss of productivity amounting to about $7 billion. Microsoft claims to have fixed the underlying issue and is working to restore services to the remaining customers and regions. The disruption began at noon on Thursday Eastern Time and affected Outlook, Teams, and other Microsoft products. According to Downdetector, reports of the failure spread to 74 countries and regions within about an hour, with banks, governments, healthcare services, railways, courts, and artificial intelligence companies all reporting service interruptions. Microsoft's stock price rose by about 0.5% after the update, to $524.