Meta Hit By Widespread Outage: Facebook, Instagram, Threads Reportedly Down
Portfolio Pulse from Rounak Jain
Meta Platforms Inc. experienced a widespread outage affecting Facebook, Instagram, and Threads, with users reporting issues across multiple countries. The outage, confirmed by website monitoring services and Meta's spokesperson, is not related to country-level filtering or censorship. Hashtags related to the outage trended on X, and Meta is actively working on resolving the issue. Elon Musk commented on the situation, highlighting that X's servers are operational.
March 05, 2024 | 4:42 pm
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Meta Platforms Inc. is dealing with a significant outage affecting its key services: Facebook, Instagram, and Threads. The issue is global and not due to country-level internet disruptions.
The widespread outage of Meta's primary platforms likely leads to a negative short-term impact on its stock price due to potential loss of ad revenue and user engagement. The company's quick acknowledgment and efforts to resolve the issue may mitigate some negative effects, but investor sentiment could be adversely affected until a resolution is confirmed.
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IMPORTANCE 90
RELEVANCE 100