Facebook’s shares fell by as much as 5% on Monday morning in New York, hitting $327.66, their lowest level since June 21.
A company whistleblower had accused the social media giant of a “betrayal of democracy.”
This was as Facebook-owned services, WhatsApp and Instagram, experienced outage on Monday, leaving some three billion online users frustrated and unable to connect all over the world. The social tools including Facebook’s own Messenger service were first reported as not being available from 04:25pm on Monday.
A cross-platform, cloud-based instant messaging system, Telegram, has quickly replaced Facebook and its messaging platforms like WhatsApp and Messenger, after they shut down across the world on Monday evening.
Like Facebook and its associated platforms, Telegram also provides end-to-end encrypted video calling, VoIP, file sharing and several other features.
The service was launched for iOS on August 14, 2013 and Android in October 2013.
NATIONAL ECONOMY reported that Facebook users were experiencing outages across the world, including all social networks the company owns, which include Messenger, Instagram and WhatsApp.
When navigating to these websites, a server error will appear — Instagram shows a “5xx server error,” which indicates that this is an issue with Facebook’s servers.
Users were also unable to send messages or load new content on the mobile apps for these platforms. Even Oculus, Facebook’s virtual reality platform, and Workplace, its business communication tool were also affected.
The trillion-dollar company, which boasts 2.9 billion monthly active users, has remained down for at least two hours and counting. At the same time, Facebook stock has gone down about 5.5%. This follows a recent downward trend for the stock as Facebook faces scrutiny in the U.S. Senate after whistleblower, Frances Haugen, leaked internal documents to the Wall Street Journal.