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Fail Whale: Twitter System Restored (Update 1)

Updated from 2:46 p.m. EST to provide comments from Twitter on outage in the fifth paragraph.

NEW YORK ( TheStreet) -- Popular social networking site Twitter crashed Thursday, as users around the world could not access their 140-character goodness for more than an hour.

Twitter, based in San Francisco, acknowledged the problem on its blog, and said engineers were working to restore the system for its 140 million users. Twitter has grown markedly in popularity over the past few years, as users look for alternative social networks to Facebook (FB - Get Report), among others.

Twitter recently altered its logo, Larry.

When the site crashes and users are unable to access it, a whale appears on the website, which users refer to as the "Fail Whale."

The hashtag #WhileTwitterWasDown has become the number one trending tag in the world, following the outage. Some of the more clever ones referenced productivity, actually using other social networks, and some anxiety.

The company blamed the cause on a "cascaded bug in one of our infrastructure components."

Interested in more on Facebook? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

-- Written by Chris Ciaccia in New York

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