Facebook Hit With Huge Outage, Then Recovers

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By Douglas A. McIntyre Updated Published
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Update: As of 4:31 a.m. in New York, the Facebook site has recovered, at least here.

According to many news reports, Facebook Inc.’s (NASDAQ: FB) service is down around the world. So far, the company has not addressed the situation, nor rumors that the collapse is worldwide.

Facebook has nearly 1.2 billion members, which makes it the world’s largest social network. Its IPO launched a public company that has a market cap of more than $150 billion, making it one of the most valuable companies in the world.

Facebook’s recent success has been tied to a migration of its ad model to mobile platforms, a  migration that had been too slow for many investors until a year ago.

Facebook would be the ultimate takedown for hackers because of its massive size and tremendous membership base.

ALSO READ: Facebook Is the Ultimate Hack

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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