Facebook Fiasco Impacts Exceedingly On Shares
Facebook, WhatsApp, and Instagram experienced massive blows as the application went down on Monday (10/4). The decline of the three Facebook Group social networking programs caused Facebook shares listed on the Nasdaq composite index to drop. After "down" reports from Downdetector, Facebook-WhatsApp-Instagram underwent a flood of reports from its numerous users. It's still unclear why Facebook, WhatsApp, and Instagram are all shutting down simultaneously. However, this was dubbed the worst outage for a Facebook group since the 2019 event, which knocked the platform offline for more than 24 hours. Cybersecurity experts say the problem lies in the Domain Name System (DNS). Cisco's ThousandEyes internet analytics division proclaimed testing indicated the outage was due to a DNS failure. "I'm not sure if I've ever seen this sort of outage from a big internet business before," said Doug Madory, Kentik's director of network analysis, reported by CNN International, Tuesday (10/5). Aside from that, another catalyst affected this drop. Nationwide broadcast of a whistleblower's accusations that the social media network Facebook prioritized money before safety. Late Sunday, ViacomCBS Inc.'s news show "60 Minutes" broadcast an interview with former Facebook data scientist Frances Haugen, who claims the social-media company has misled investors about how it handles hate speech and disinformation on all of its platforms. Many Investors grew weary because of this sudden news which reflects on the situation of Facebook shares.