Company Of The Day: Facebook
What?
Facebook (NASDAQ:FB) faced one of its worst outages on Monday, with its entire suite of products, including Facebook, Instagram, and WhatsApp going offline for almost six hours.
Why?
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Facebook has attributed the downtime to certain networking issues, although the specific details aren’t clear yet.
So What?
Facebook stock declined by almost 5% in Monday’s trading, as investors likely fear that outages, even for just a few hours, could drive Facebook users to alternative platforms.
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