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Facebook stock falls amid mystery outage

Ricardo Kanono by Ricardo Kanono
October 4, 2021
in Business
0

NATIONAL REVIEW 

Facebook stock fell about 5.3 percent on Monday, while CEO Mark Zuckerberg’s personal wealth fell by roughly $7 billion on Monday according to Bloomberg. The entire S&P 500 fell by 1.3 percent on Monday, with the Nasdaq 100 dropping 2.2 percent and Dow Jones Industrial Average 0.9 percent.

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The outage also blocked users from accessing accounts on Instagram and Whatsapp, which are both owned by Facebook. Stocks for other tech companies were also affected, with Google parent company Alphabet sliding 3.2 percent on Monday, and Netflix stocks dropping by 2.6 percent.

The problem followed an apparent change to Facebook’s routing information, Doug Madory, director of internet analysis at Kentik, told the Wall Street Journal. The change appeared to make Facebook’s domain name system servers unavailable, essentially preventing computers worldwide from accessing the domain name facebook.com.

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    HENNY MARUAPULA Own Correspondent RelatedPosts ‘I thought of you, my beloved farmer’ Stanbic Music & Lifestyle fiesta Navigating cross culture marriages  Support authors and subscribe to contentThis is premium stuff. Subscribe to read the entire article.Login if you have… Read more: ‘I thought of you, my beloved farmer’
  • Boko will be a one-term PresidentApril 20, 2026
    By ADAM PHETLHE Former President Mokgweetsi Masisi holds the unenviable record of being the first in the history of Botswana electoral politics to serve only one term. It is under his presidency that the Botswana Democratic Party (BDP) lost… Read more: Boko will be a one-term President
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