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Stocks Plummet as Whatsapp, Instagram, and Facebook are down

Shortly before noon ET, all three platforms stopped working. With Whatsapp being one of the main communication platforms for not only social but also business, companies around the world are currently dealing with the consequences. 

Facebook stocks are at risk of a severe crash after today’s platform shutdown. 

At the time of writing, Facebook stocks have already plummeted by 5.53%. WhatsApp is currently down for more than 35,000 clients, while Messenger is down for almost 9,800 clients. 

At the moment, reuters are not able to justify the exact issues affecting these services, however, the error message on Facebook suggests a Domain Name System (DNS) error. This is not the first time that Facebook has encountered a system down, with a similar glitch occurring in both March and July of this year.

With Facebook, Whatsapp, and Instagram being the biggest communication tools today, a technical issue with these platforms can have a serious impact on many businesses around the world. Back in 2019, a similar outage occurred and lasted about an hour, leading to major websites like Amazon, Reddit, and The New York Times to go down.

Facebook communications executive Andy Stone tweeted an apology for the problem, however, did not give a clear answer as to why the issue has occurred and how long it may take to fix. “We’re aware that some people are having trouble accessing our apps and products, we’re working to get things back to normal as quickly as possible, and we apologize for any inconvenience.”

It is unclear how long these social networks will be down for, and exactly which companies may get affected by the current outage taking place, however, it is expected for Facebook stocks to get widely affected and could remain under pressure for weeks or months to come. 

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