Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Impact of “infrastructure status” for the DC industry announced in the Union Budget 2022

    February 4, 2022

    Milestone Systems appoints new Chief Revenue Officer

    January 26, 2022

    IIM Udaipur Incubated tech startup FasterrWeb obtains funding

    January 25, 2022
    Facebook Twitter Instagram
    • Demos
    • Buy Now
    Facebook Twitter Instagram
    My BlogMy Blog
    Subscribe
    • Home
    • Features
      • Typography
      • Contact
      • View All On Demos
    • Typography
    • Buy Now
    My BlogMy Blog
    Home»Internet»Facebook stock falls as global outage continues – TechCrunch
    Internet

    Facebook stock falls as global outage continues – TechCrunch

    adminBy adminOctober 5, 2021No Comments1 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Facebook stock falls as global outage continues – TechCrunch
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Facebook’s stock took a dive Monday as the site suffered one of its worst outages of the past decade with services across its entire suite of products going offline while the tech company struggled to even bring its own internal services back online.

    The stock ended the day down nearly 5%, with Facebook shedding tens of billions in market cap value as the company sorted through the pieces attempting to diagnose what triggered the outage, and investors looked to calculate what lasting damage to the site could look like. Facebook stock has been on a tear in 2021, reaching a $1 trillion market cap in early July, though the share price has stalled in recent months with the market cap currently resting just south of $920 billion.

    Even being down for several hours or a day could be enough to shift some users toward competing services, a threat that investors are currently weighing as the company’s share price slides.

    We’re aware that some people are having trouble accessing our apps and products. We’re working to get things back to normal as quickly as possible, and we apologize for any inconvenience.

    — Andy Stone (@andymstone) October 4, 2021



    Source Link

    Continues Facebook falls Global outage Stock TechCrunch
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    admin
    • Website

    Related Posts

    Mphasis and CrossTower partner to develop a ‘Center of Excellence’ in Web 3.0 and Blockchain technologies

    January 21, 2022

    FTFT Subsidiary Launches Cryptocurrency Market Data Platform

    January 4, 2022

    Featuring Mr. Vladislav Sapozhnikov – Managing Partner Of Genesis Block At GITEX GLOBAL 2021

    November 13, 2021
    Add A Comment

    Leave A Reply Cancel Reply

    Editors Picks

    Onboard Cameras Allow Disabled Quadcopters to Fly

    January 5, 2021
    Top Reviews
    Advertisement
    Demo
    My Blog
    Facebook Twitter Instagram Pinterest Vimeo YouTube
    • Home
    • Buy Now
    © 2023 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.