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Alienator |
https://www.marketwatch.com/st...elations-11633365581 Facebook Inc. services experienced widespread outages Monday morning, adding to the social network’s miserable day. Facebook FB, -5.51% shares dropped as much as 6% to an intraday low of $323, which would be their worst single day decline since a 6.3% fall logged on Oct. 30, 2020. The stock outpaced a 1.5% loss on the S&P 500 index SPX, -1.51% and a 2.3% loss on the tech-heavy Nasdaq Composite Index. COMP, -2.39% The decline followed a national broadcast of a whistleblower’s allegations that the social media network placed profits before safety. Late Sunday, ViacomCBS Inc.’s VIAC, -1.90% news program “60 Minutes” interviewed former Facebook data scientist Frances Haugen, who alleges that the social-media giant has been deceiving investors about how it has been dealing with hate speech and misinformation on its platform. For more: Facebook whistleblower says her goal is not to damage the company Haugen provided thousands of pages of documents to The Wall Street Journal, which formed the basis of the publication’s The Facebook Files series. Haugen is scheduled to testify before Congress on Tuesday morning and is also seeking whistleblower protection in complaints filed with the Securities and Exchange Commission. Adding to all of that was a widespread outage of Facebook services, including Instagram and WhatsApp, that started just before noon Eastern time. Even the status dashboard Facebook uses to communicate its availability to developers was not working Monday. A Facebook spokesman took to Twitter Inc.’s TWTR, -6.18% platform to confirm the issues. “We’re aware that some people are having trouble accessing our apps and products,” spokesman Andy Stone said. “We’re working to get things back to normal as quickly as possible, and we apologize for any inconvenience.” While Facebook did not go into further detail on the cause of Monday’s outage, experts said on Twitter that it appeared to be a problem with the company’s domain-name system, or DNS. Amid the maelstrom, Facebook filed a motion to dismiss the Federal Trade Commission’s amended antitrust lawsuit against the company, saying the agency’s complaint still lacked evidence Facebook violated antitrust laws. Investing In Crypto | Oct 27 & Nov 3 | 1PM ET MarketWatch and Barron’s journalists will convene top experts in crypto and other financial pros to identify the opportunities and risks that lie ahead for investors. REGISTER HERE MarketWatch on Multiple devices “This court gave the agency a second chance to make a valid claim,” the company said in its filing to the U.S. District Court for the District of Columbia. “But the same deficiency that was fatal to the FTC’s initial complaint remains: the amended complaint still pleads no facts plausibly establishing that Facebook has, and at all relevant times had, monopoly power.” For more: FTC has a chance for a do-over in its ‘fiasco’ antitrust case against Facebook, legal experts contend Facebook’s motion was expected, given Chief Executive Mark Zuckerberg’s vow to strenuously fight any government attempt to impede the company through antitrust action. Under new chair Lina Khan, the FTC refiled its case in August, buttressing its monopoly arguments with more analysis on market share and how Facebook used billion-dollar mergers with Instagram and WhatsApp to “buy or bury” competition. The agency in its suit asserts Facebook should be broken up. The judge has until mid-November to respond to Facebook’s motion to dismiss the case. Through a series of public humiliations and recriminations, Facebook stock has largely avoided any fallout. Shares have gained 18.4% so far in 2021, outpacing the 16% growth of the S&P 500 index SPX, -1.51% in that time, and have more than doubled over the past three years, gaining 106.2% in that time as the S&P 500 grew 51%. From Barron’s: Why Facebook Stock Is Still a Buy Despite Controversies Institutional analysts continue to recommend the stock as well. According to FactSet, 38 of the 51 analysts covering Facebook — 75% — rate it as a “buy” or equivalent, while 12 rate it “hold” and only one calls the stock a “sell.” The average price target as of Monday morning was $421.55, nearly 30% higher than the going rate. Other social-network and Big Tech stocks also suffered Monday. Twitter, Snap Inc. SNAP, -5.85% and Pinterest Inc. PINS, -5.98% shares were all down by a larger percentage than Facebook, while Apple Inc. AAPL, -2.83%, Microsoft Corp. MSFT, -2.40%, Alphabet Inc. GOOGL, -2.63% GOOG, -2.52% and Amazon.com Inc. AMZN, -2.97% shares were all down more than 2% on the day. SIG556 Classic P220 Carry SAS Gen 2 SAO SP2022 9mm German Triple Serial P938 SAS P365 FDE P322 FDE Psalm 118:24 "This is the day which the Lord hath made; we will rejoice and be glad in it" | ||
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Optimistic Cynic |
Yeah, that's what happens when none of your registered name servers resolve. Their registrar is Verisign DBA "registrarsafe.com." I suspect they're kind of busy over there in Reston today. Trying to use the "DNS checker" on facebook.com returns nothing. | |||
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Drill Here, Drill Now |
My takeaway was the humor in needing to go on chief competitor’s platform to make the announcement. Ego is the anesthesia that deadens the pain of stupidity DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer. | |||
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Member |
Hmmmm, this didn't impact me in any way. Oh yeah, that's because I don't have a Farcebook account. ----------------------------- Guns are awesome because they shoot solid lead freedom. Every man should have several guns. And several dogs, because a man with a cat is a woman. Kurt Schlichter | |||
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wishing we were congress |
NYT https://www.nytimes.com/2021/1...y/facebook-down.html Facebook and its family of apps, including Instagram and WhatsApp, went down at the same time on Monday, taking out a vital communications platform used by more than three billion people around the world and adding heat to a company already under intense scrutiny. Facebook’s apps — which include Facebook, Instagram, WhatsApp, Facebook Messenger and Oculus — began displaying error messages around 11:40 a.m. Eastern time, users reported. Within five minutes, Facebook had disappeared from the internet. Hours later, the sites were still not functioning, according to Downdetector, which monitors web traffic and site activity. Technology outages are not uncommon, but to have so many apps go dark from the world’s largest social media company at the same time was highly unusual. This time, the cause of the outage remained unclear. Several hours into the incident, Facebook’s security experts were still trying to identify the root issue, according to an internal memo and employees briefed on the matter. Two members of its security team, who spoke on the condition of anonymity because they were not authorized to speak publicly, said it was unlikely that a cyberattack had taken place because one hack was unlikely to affect so many apps at once. Security experts said the problem most likely stemmed instead from a misconfiguration of Facebook’s server computers, which were not letting people connect to its sites like Instagram and WhatsApp Inside Facebook, workers scrambled because their internal systems also stopped functioning. The company’s global security team “was notified of a system outage affecting all Facebook internal systems and tools,” according to an internal memo sent to employees. Those tools included security systems, an internal calendar and scheduling tools, the memo said. Employees said they had trouble making calls from work-issued cellphones and receiving emails from people outside the company. Facebook’s internal communications platform, Workplace, was also taken out, leaving many unable to do their jobs. Some turned to other platforms to communicate, including LinkedIn and Zoom as well as Discord chat rooms. Some Facebook employees who had returned to working in the office were also unable to enter buildings and conference rooms because their digital badges stopped working . Security engineers said they were hampered from assessing the outage because they could not get to server areas. Facebook’s global security operations center determined the outage was “a HIGH risk to the People, MODERATE risk to Assets and a HIGH risk to the Reputation of Facebook,” the company memo said. A small team of employees was soon dispatched to Facebook’s Santa Clara, Calif., data center to try a “manual reset” of the company’s servers, according to an internal memo. Facebook has already been dealing with plenty of scrutiny. The company has been under fire from a whistle-blower, Frances Haugen, a former Facebook product manager who amassed thousands of pages of internal research and has since distributed them to the news media, lawmakers and regulators. The documents revealed that Facebook knew of many harms that its services were causing. Ms. Haugen, who revealed her identity on Sunday online and on “60 Minutes,” is scheduled to testify on Tuesday in Congress about Facebook’s impact on young users. In Facebook’s early days, the site experienced occasional outages as millions of new users flocked to the network. Over the years, it spent billions of dollars to build out its infrastructure and services, spinning up enormous data centers in cities including Prineville, Ore., and Fort Worth, Texas. John Graham-Cumming, the chief technology officer of Cloudflare, a web infrastructure company, said in an interview that Monday’s problem was most likely a misconfiguration of Facebook’s servers. Computers convert websites such as facebook.com to numeric internal protocol addresses, through a system that is likened to a phone’s address book. Facebook’s issue was the equivalent of removing people’s phone numbers from under their names in their address book, making it impossible to call them | |||
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quarter MOA visionary |
Sadly Sixty Minutes totally ignored the censorship of conservative voices including the collusion with the current administration. But I guess a partial victory is something even if the reason is partially correct. | |||
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Nullus Anxietas |
Guys: See: American Productivity Will Improve Today The network geek community already knows what happened, though not why. "America is at that awkward stage. It's too late to work within the system,,,, but too early to shoot the bastards." -- Claire Wolfe "If we let things terrify us, life will not be worth living." -- Seneca the Younger, Roman Stoic philosopher | |||
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Ammoholic |
This thread has a clear title, that's why people don't realize there is two. Jesse Sic Semper Tyrannis | |||
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Nullus Anxietas |
Understood. That's why I was merely pointing specifically toward my post explaining what's actually happened, rather than saying "Hey guys, there's already a thread..." "America is at that awkward stage. It's too late to work within the system,,,, but too early to shoot the bastards." -- Claire Wolfe "If we let things terrify us, life will not be worth living." -- Seneca the Younger, Roman Stoic philosopher | |||
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Raptorman |
Sounds to me like there is an Enron shredding party going on. ____________________________ Eeewwww, don't touch it! Here, poke at it with this stick. | |||
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Member |
Back up | |||
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Member |
Bummer - would have been nice to see it down for a few more days. | |||
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Do---or do not. There is no try. |
I knew Scott Pelley a little back in the '70s and early '80s when he was a reporter for first the NBC and later the ABC affiliate in Dallas. He seemed like a good guy back then, but then drank the left's Kool-Aid and went full throttle over the cliff, and into the world of communism. With regard to his 60 Minutes piece last night, I have no idea what caused him to commit this brief act of real journalism. | |||
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Lawyers, Guns and Money |
I never would have known... And if it never comes back, that will be a good thing. "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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Member |
Very interesting that the FaceBook outage affected many other websites and services. Look at how around 12pm most are affected. God Bless https://downdetector.com/ "Always legally conceal carry. At the right place and time, one person can make a positive difference." | |||
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Member |
Good. Fuck'em. "Ninja kick the damn rabbit" | |||
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Member |
... not that it matters, DNS now resolves... The guesstimation by 'experts' is a DNS error on the 31.13.x.x subnet human fat finger mistake. ... watching ... never a press release as to what happened, until some journo does the digging. </chris> We are all born ignorant, but one must work hard to remain stupid." ~ Benjamin Franklin. "If anyone in this country doesn't minimise their tax, they want their head read, because as a government, you are not spending it that well, that we should be donating extra...: Kerry Packer SIGForum: the island of reality in an ocean of diarrhoea. | |||
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Staring back from the abyss |
Hold on! Facebook went down for a day and the world didn't come to a screeching halt on its axis? You don't say. Too bad it isn't permanent. ________________________________________________________ "Great danger lies in the notion that we can reason with evil." Doug Patton. | |||
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Member |
Suck it Farcebook | |||
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Member |
There's probably people pissing themselves that they can't get on to Facebook. To bad nothing happened to Tik Tok, Instagram or Twitter in the same day, that would have been something to behold. I'd rather be hated for who I am than loved for who I'm not. | |||
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