It was the stock’s biggest one-day plummet since Nov. Hours after Facebook’s family of apps began displaying error messages, the company’s security experts were still trying to identify the cause, The New York Times reported, citing an internal memo and employees briefed on the matter.įacebook’s global security operations center reportedly classified the outage as “a HIGH risk to the People, MODERATE risk to Assets and a HIGH risk to the Reputation of Facebook,” according to a company memo.Īs Facebook scrambled to solve the issue, investors ditched the stock, sending almost 5 percent lower to $326.23 per share. “We are experiencing networking issues and teams are working as fast as possible to debug and restore as fast as possible.” “*Sincere* apologies to everyone impacted by outages of Facebook powered services right now,” he tweeted. While Facebook has yet to identify the root of the issue, cybersecurity experts said it does not appear to be a cyberattack and instead seems to be linked to internal issues with Facebook’s systems.Īs the outage stretched into the late afternoon, Facebook chief technology officer Mike Schroepfer issued an apology to users. ET, according to DownDetector, and hit users globally, taking out critical communications platforms that billions of people and businesses rely on everyday. We reported latest Hunter scandal two years ago - but most media still refuse to ask tough questionsįacebook offered “sincere apologies” Monday afternoon as a sweeping outage of its site and various other properties, including Instagram, WhatsApp and Messenger, stretched for more than six hours and helped to wipe more than $50 billion off Facebook’s market cap - the stock’s worst day of trading in almost a year. Homeless woman scammed out of $2,250 over fake Facebook rental listing
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