Thought: Facebook ( NASDAQ:FB ) was down for few hours and was back shortly, but its stock was down since first day of IPO when it will be back? It touched $27, how much downside left or may be abyss..
Facebook's website suffered sporadic outages on Thursday (Friday in some time zones), anywhere from half an hour to two hours according to various blogs, tweets and affected users, but 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," company spokesman Michael Kirkland told Reuters.
The outages came as Facebook continued to grapple with the fallout of its botched May 18 IPO. The stock has plummeted nearly 23 per cent from its IPO price, and numerous lawsuits have been filed in the wake of first-day trading glitches.
"Earlier today, some users briefly experienced issues loading the site. The issues have since been resolved and everyone should now have access to Facebook," company spokesman Michael Kirkland told Reuters.The outages came as Facebook continued to grapple with the fallout of its botched May 18 IPO. The stock has plummeted nearly 23 per cent from its IPO price, and numerous lawsuits have been filed in the wake of first-day trading glitches.
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