First Facebook SCREWED Investors, Now Users are in the Dark
Facebook (NASDAQ:FB) does not seem to be having a great time dealing with technology, or just luck in general. The social network’s website suffered spread-out outages on Thursday, ranging from half an hour for some users to up to two hours for others.
While it may be a social inconvenience for users, for the company, downtime amounts to a serious loss in revenue. If Facebook is “unavailable when users attempt to access it, or if it does not load as quickly as they expect, users may not return to our website as often in the future, or at all,” the company said in the risks section of its IPO filings with the U.S. Securities and Exchange Commission.
The company said the problem has been fixed. “Earlier today, some users briefly experienced issues loading the site. The issues have since been resolved and everyone should now have access to Facebook,” spokesman Michael Kirkland told Reuters.
Facebook’s botched-up May 18 IPO has been followed by lawsuits against the company by disgruntled investors, and an almost 23 percent drop for its stock from its IPO price. Shares closed up 5 percent at $29.60 Thursday.
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