Company Of The Day: Facebook

by Trefis Team
+20.90%
Upside
338
Market
409
Trefis
FB
Meta Platforms
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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?

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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