Company Of The Day: Facebook

October 5th, 2021 by Trefis Team
FB: Facebook logo
FB
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?

Relevant Articles
  1. Earnings Beat In The Cards For Honeywell?
  2. Higher Keytruda Sales To Drive Merck’s Q1?
  3. Is Procter & Gamble Stock Appropriately Priced At $160?
  4. Should You Pick Intuitive Surgical Stock At $370?
  5. China In Focus As Apple Reports Q2 Results
  6. Here’s What To Expect From Corning’s Q1

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.

See Our Complete Analysis For Facebook

Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates