Facebook Outage: What Does This Mean for Investors?
Shares of Facebook (NASDAQ: FB) were pummeled on Monday, along with many other tech stocks, amid a broader market sell-off. Highlighting the bearish day for the overall market, the S&P 500 finished down 1.3% and the tech-heavy Nasdaq Composite slid more than 2%
Shares of Facebook, however, fell nearly 5% by the time the market closed. This steeper decline relative to the Nasdaq was in line with sharp declines seen across many growth stocks on Monday.
Also weighing on Facebook stock on Monday may have been news of an outage on all of the social-networking giant's platforms. Its core Facebook social network, photo- and video-sharing app Instagram, messaging platforms WhatsApp and Messenger, and even virtual-reality gaming arm Oculus have been affected by the outage. It started before noon EDT and has lasted for hours.
Source Fool.com
