Facebook stock has largely proven teflon during other crises but took a hit on Monday.
... [+]
Commerce hearing about Facebook on Capitol Hill in Washington, DC, April 11, 2018. / AFP PHOTO / SAUL LOEB Investor confidence in Facebook weakened a bit on Monday amid continued political pressure and a rare lengthy outage of the company’s apps, sendings shares down 4.8% and zapping away billions from CEO Mark Zuckerberg’s fortune.
Zuckerberg’s fortune declined by $5.9 billion to a mere $117 billion in total. Top lieutenent Sheryl Sandberg saw her wealth fall to $1.9 billion.of its namesake platform, Instagram and WhatsApp, a mistake likely costing the company tends of millions of dollars in revenue. Facebook last suffered a blackout like this in 2019, when the network shut down for 14 hours. A decade earlier, in 2008, it went dark for a day.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook, Instagram, WhatsApp suffer worldwide outageFacebook did not say what might be causing the outage.
Read more »
Internet Outage Live Updates: Facebook is back online after flawed server updateFacebook and the Instagram and WhatsApp apps came back online after a five-hour outage.
Read more »
Opinion | Though it's too big to fail, Facebook just didMonday's widespread outage of Facebook-owned platforms shows us how fragile our internet ecosystem is.
Read more »
Facebook and Instagram Are Down, But Maybe That's Not a Bad ThingThe internet conglomerate’s various apps suffered simultaneous outages on the same day it asked a judge to dismiss a Federal Trade Comission antitrust case against it
Read more »