"Sorry, something went wrong."
Such was the error message seen by users in the U.S., U.K.,
Ireland, Israel and India when they attempted to log on to
) during a brief (approximately 30 minute) outage this morning.
At present, Facebook has released no information about what may
have caused the outage, and while I'm no programmer, I suggest
that they might want to look at whether the issue is specific to
countries the names of which begin with the word "United" or the
Although the issue is being hotly debated this morning, it is
unlikely that the technical glitch will have much effect on the
price of FB stock. If it were to happen again, however, it might
suggest that the huge social media platform had become unwieldy
or unstable in a way the company didn't know how to handle.
At present, the small outage is only news because of the
extent to which some users rely on the site, and as such, it is
more a reminder of Facebook's strength than a suggestion of
weakness. In the past few weeks, social media stocks including
FB, LinkedIn (
), and even beleaguered Twitter (
) have been rallying, although given the rise in the broader
market, it isn't clear whether or not this reflects growing
investor optimism in the sector.
Investors who wish to invest in the sector are cautioned to
pick their ponies carefully. Some of the players here may
ultimately find they have nowhere to play.
has been a business writer since the first day of the
twenty-first century, having written for PRA
International and the United Nations Department of
Peacekeeping. He graduated from Davidson College in 1993
and received a Master of Arts in Teaching from Mary
Baldwin College in 2011. He became a stockbroker in 1993,
but now works for Fresh Brewed Media and uses his powers
only for good. You can see closing trades for all
Julian's long and short positions and track his long term
performance via twitter:
This article was originally published on