Thursday, October 28, 2021

‘How much?’ — Twitter’s Jack Dorsey jokes about buying the Facebook domain

Facebook Inc.
FB,
+0.20%

experienced widespread outages on Monday that included disruptions for its platforms Instagram and WhatsApp.

Experts say the issue appeared to be a problem with Facebook’s domain-name system, or DNS. This issue has made it look like the Facebook.com domain is up for sale.

Jack Dorsey, the founder of Twitter
TWTR,
+2.39%
,
poked fun at the outage on Monday, wondering “how much” it would cost to buy the Facebook.com domain.

The outage, which appears to still be an issue as of Monday afternoon, comes during a tough couple of weeks for Facebook.

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The Wall Street Journal published a series of stories on Facebook called “The Facebook Files” that detailed occurrences when the social media giant admitted its photo-sharing platform Instagram negatively impacts teen girls’ mental health, allowed a few high-profile users to circumvent some of the platform’s rules and made changes to its algorithm that made Facebook “angrier.”

The company has since called these allegations mischaracterizations.

See also: A stock-market correction is brewing in the Nasdaq as Facebook leads tech shares south. Here are the levels to watch for other benchmarks

Shortly after the reporting was published, Facebook’s former security chief says he believes that “young teens shouldn’t be on social media.”

A former Facebook data scientist turned whistleblower has also recently called out the company for putting profits before safety, and claiming the company has been misleading investors about how it handles hate speech and misinformation on its platform. The former employee, Frances Haugen, is testifying before Congress on Tuesday.

Shares of Facebook Inc. dropped 4.89% on Monday, outpacing a 1.3% loss on the S&P 500 index
SPX,
+0.41%

 and a 2.14% loss on the tech-heavy Nasdaq Composite Index
COMP,
+0.47%
.

This artical is first shown on Market Watch Source link Author on date 2021-10-06 23:50:00
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