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Facebook stock falls amid mystery outage

Ricardo Kanono by Ricardo Kanono
October 4, 2021
in Business
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Facebook stock falls amid mystery outage
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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.

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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  • PUBLIC TENDER NOTICE: Botswana Unified Revenue Service (BURS)May 31, 2023
    1. THE PROVISION OF BIG DATA IMPLEMENTATION AND DATA ANALYTICS FOR 18 MONTHSTender Closing: 16th June 2023 2. SUPPLIES PROCUREMENT OF CISCO COMMUNICATION AND COLLABORATION EQUIPMENTTender Closing: 16th June 2023 3. PHYSICAL BURS ASSET VERIFICATION, TAGGING AND RECONCILIATION OF […]
  • Vacancy: Choppies Distribution Centre.Pty.LtdMay 31, 2023
    FINANCIAL SERVICES­ – OPERATIONS MANAGER Closing Date: 15th June 2023
  • VACANCY: Great PlainsMay 31, 2023
    Assistant Accountant  Closing Date: 17h00 on Sunday 04th June 2023
  • Absa Bank Botswana celebrates young, aspiring entrepreneursMay 31, 2023
    Absa Bank , in partnership with Global Communities, celebrated the successful completion of the “Built 4 Biz ” programme, a ground-breaking initiative aimed at equipping young entrepreneurs with the essential skills, on 26 May 2023 at Cresta Hotel Mahalapye. […]
  • Access Bank Botswana Unveils AccessAfricaMay 31, 2023
    . Instant Money Globally, Another Market First From Access Bank Botswana Gaborone, Botswana – May 30, 2023: Access Bank Botswana, the BSE-listed local arm of one of Africa’s largest retail banks, is pleased to announce yet another groundbreaking offering, […]
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