Facebook’s very, very bad day: Services go dark and stock plunges in wake of whistleblower revelations

3 years ago 302

Last Updated: Oct. 4, 2021 astatine 6:41 p.m. ET First Published: Oct. 4, 2021 astatine 12:39 p.m. ET

Shares endure largest diminution successful astir a twelvemonth arsenic Facebook, Instagram and WhatsApp spell down for much than six hours

Some users attempting to entree Facebook Inc.'s halfway social-media level Monday were greeted by this message.

Facebook Inc.

Facebook Inc. services experienced unprecedented outages for much than six hours Monday, adding to the societal network’s already miserable day.

Facebook FB shares experienced their worst league successful astir a year, falling 4.9% to $326.23 for their worst single-day percent diminution since a 5% autumn connected Nov. 9, 2020. The banal outpaced a 1.3% nonaccomplishment connected the S&P 500 scale SPX and a 2.1% nonaccomplishment connected the tech-heavy Nasdaq Composite Index. COMP

The...

Read Entire Article