Shares of Meta, one of the world’s largest social media companies, are falling. When the news of Instagram and Facebook down started coming in various parts of the world including India, the stock prices of Meta platform also started to fall in the American stock market. Mark Zuckerberg also owns meta platforms like Instagram, Facebook, Threads and WhatsApp.
Facebook and Instagram remained down for more than 1 hour in various parts of the world. This time roughly coincided with the opening time of the US stock market. As a result, Meta’s shares opened lower on the US stock market Nasdaq.
Meta’s share fell
Meta shares closed at $498.19 yesterday. When trading started on the Nasdaq, its share price fell and opened at $494. Shares of the meta platform hit $488 at 10:50 a.m. US time as news of the Facebook and Instagram shutdowns began to spread.
However, the Facebook and Instagram down situation was resolved in about 2 hours. This was followed by an improvement in Meta platform shares at 11:37 am US time. At the time of writing, Meta shares were trading at $491.
People’s accounts are automatically logged out
‘DownDetector’ keeps track of the time websites are down. Facebook went down at 8:32 pm IST and even at 10:33 pm the problem was not fully resolved. So Instagram went down at 8:37 PM, some of its services have started working, but at 10:38 PM it’s still not fully fixed.
India is the largest market for Facebook and Instagram. Here, many users reported that their accounts are getting logged out automatically and they are facing problems in chat.
. Source
