Facebook’s Sell-off Due to Outages and Call-outs for Break-up

Translated by: MOS Media Team – CloudSky

According to Bloomberg, the platform-wide failures for Facebook’s apps including Facebook, WhatsApp and Instagram led to a major stock sell-off on Monday, October 4th. Facebook’s stock dropped 4.9%, translating to a $7 billion loss for Zuckerberg.

Users started reporting problems with connecting and loading content on Facebook and its subsidiaries Instagram and WhatsApp in the morning, which persisted for seven hours. Facebook was reportedly forced to dispatch a small team of employees to its Santa Clara data center in California to reset the company’s servers manually. The outage also came on the heels of a whistleblower releasing internal documents revealing the company knew about problems with disinformation on its platforms. After the massive outage, there is speculation that Facebook’s customer data was packaged for sale on the dark web.

Gateway Pundit reported on October 5: Syniverse, a service company dealing with SMS of major mobile phone operators, said its database had been hacked for many years.Syniverse is responsible for routing billions of text messages every year and has “direct connections” to hundreds of mobile operators around the world. They provide services to major wireless carriers like AT&T, Verizon, T-Mobile, and other international carriers. It means that network and data security issues have been pushed to the forefront again.

Chuck Callesto, a conservative commentator and former candidate for Florida’s 3rd congressional district who has frequently shared misinformation on Twitter about COVID-19 and the 2020 Election, added: “… There is Gettr.. … There is Me We, There is Free Space, and so many more.”

Rep. (D-NY) Alexandria Ocasio-Cortez (AOC) seized on Facebook’s massive outages to call for the breakup of the company. She tweeted, “If Facebook’s monopolistic behavior was checked back when it should’ve been (perhaps around the time it started acquiring competitors like Instagram), the continents of people who depend on WhatsApp & IG for either communication or commerce would be fine right now. Break them up”. But whether she is really going to do anything to help the cause yet remains to be seen.

Editor’s note:
On GETTER – GETTR, the new social media app launched on July 4, 2021, has gained popularity since it truly advocates and promotes free speech. Furthermore, GETTR does not and will never sell users’ data unlike any other software companies, as stated by CEO Jason Miller. GETTR is BETTR.

On AOC – AOC’s calling out of Facebook being monopolistic is most likely, a political stunt. Don’t hold your breath for it that she is going to do anything substantial to change the world for the better. AOC, a young politician star who emerged around June 2018 when she won the Democratic Party’s primary for New York’s 14th congressional district. However, quickly enough she has earned herself the reputation of being a hypocrite through and through. As much as she labels herself as all for “Taxi the Rich”, the self-proclaimed Democratic socialist was educated at Boston University, one of the most expensive private schools in the nation – BU’s yearly cost is $70K per year as of now. Her congressional salary is $170K per year, not something any bartending average joes could dream of.  Also, per Financial Samurai, despite touting the Green New Deal, “AOC spent thousands of dollars on ride-share apps. According to election filings, her campaign spent $29,365.70 on car services and $8,335.41 on subway fares, despite her Queens headquarters being just a one-minute walk from the subway.”

References:
*. Facebook outages (Washington Examiner)
*. Parler and GETTR mock Facebook’s massive outage
*. Company that handles text messages for cellular carriers were hacked (Gateway Pundit)

Proofread and edited by: RD16
Posted by: RD16

For more information, follow us

New York MOS Himalaya GTV
New York MOS Himalaya MOS TALK
New York MOS Himalaya | Gettr
New York MOS Himalaya YouTube
Free to Join New York MOS Himalaya | Discord

Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

0 Comments
Inline Feedbacks
View all comments