Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook    FB

FACEBOOK

(FB)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Facebook : restores services after global outage

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/14/2019 | 11:41am EDT
FILE PHOTO: A man reads a newspaper at the reception area of Facebook's new office in Mumbai

(Reuters) - Facebook Inc said on Thursday it had restored service to its main app and Instagram, after the world's largest social network suffered a major outage that frustrated users across the globe for about 24 hours.

The company also said it was considering whether to refund advertisers for lost exposure due to the problems, which internet outage trackers showed affected users in Europe, Japan, North and South America.

"Yesterday, a server configuration issue made it difficult for people to access our apps and services. We are 100 percent back up and running and apologise for any inconvenience," a Facebook spokesperson said.

"We are still investigating the overall impact of this issue, including the possibility of refunds for advertisers."

Facebook takes tens of millions of dollars of advertising revenue every day.

Media reports earlier said millions of users were affected, and thousands took to Twitter on Wednesday and Thursday to complain under the hashtag #facebookdown.

DownDetector website - one of the internet's most used sources of numbers on outages - showed the number of complaints had peaked at more than 12,000, gradually falling to about 180 as of 11 a.m. ET on Thursday.

The BBC and a handful of other media outlets said it was the platform's longest ever outage. Reuters was not immediately able to verify those claims and the company declined to comment beyond the statement on resumption of services.

Facebook's shares fell nearly 2 percent in morning trading on Thursday.

INVESTIGATION

Separately, the New York Times reported on Wednesday that U.S. federal prosecutors were conducting a criminal investigation into data deals Facebook struck with more than 150 technology companies such as Amazon.com Inc and Apple Inc.

Facebook is facing a slew of lawsuits and regulatory inquiries over its privacy practices, including ongoing investigations by the U.S. Federal Trade Commission, the Securities and Exchange Commission and two state agencies in New York.

A spokesman for the social network said the company was cooperating with investigators in multiple federal probes, without addressing the grand jury inquiry specifically.

(Reporting by Mekhla Raina, Subrat Patnaik and Munsif Vengattil in Bengaluru; Editing by Patrick Graham)

By Mekhla Raina

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FACEBOOK
03:48pFACEBOOK : Measuring Prevalence of Violating Content on Facebook
PU
12:18pIreland must be open to some international tax changes - finance minister
RE
12:16pFACEBOOK : Fake account removal doubles in 6 months to 3B
AQ
12:09pFACEBOOK : Sharing our Latest Transparency Report
PU
12:08pFACEBOOK : An Update on How We Are Doing At Enforcing Our Community Standards
PU
12:08pFACEBOOK : How Does Facebook Measure Fake Accounts?
PU
10:19aFACEBOOK : An Independent Report on How We Measure Content Moderation
PU
05:45aFACEBOOK : Ends Commissions for Political Ad Sales
DJ
05/22Citing Reuters report, health groups push tech firms to police tobacco market..
RE
05/22EXCLUSIVE : Walmart to make first direct pitch to big corporate ad buyers at New..
RE
More news
Financials ($)
Sales 2019 69 414 M
EBIT 2019 23 985 M
Net income 2019 20 674 M
Finance 2019 49 780 M
Yield 2019 -
P/E ratio 2019 26,02
P/E ratio 2020 20,09
EV / Sales 2019 6,90x
EV / Sales 2020 5,53x
Capitalization 529 B
Chart FACEBOOK
Duration : Period :
Facebook Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FACEBOOK
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 44
Average target price 220 $
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
FACEBOOK41.37%528 994
TWITTER34.24%28 801
MATCH GROUP INC65.12%20 058
LINE CORP-9.99%7 473
SINA CORP-11.76%3 383
XING SE48.21%2 205