The Great Facebook Outage of 2021
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 5 October 2021
⏱️ 20 minutes
🧾️ Download transcript
Summary
Shares of the social network fall 5% as Facebook, Instagram, and WhatsApp go dark for 6 hours. Pepsi posts strong results for Q3 and raises revenue guidance for the year. Asit Sharma analyzes those stories and discusses whether regulatory risk is big enough to dissuade one from investing in mega-cap companies like Amazon.
Transcript
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| 0:00.0 | It's Tuesday, October 5th, and welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill with me today. |
| 0:07.0 | Mr. Asset Sharma. |
| 0:08.0 | Good to see you. |
| 0:09.0 | Good to see you, Chris. |
| 0:10.0 | I am pumped to be here with you on a Tuesday. |
| 0:13.0 | Tuesday Foolery is the best. |
| 0:15.0 | I am excited. |
| 0:17.0 | Don't tell that to the Wednesday people. |
| 0:19.0 | Yeah, or certainly the Moser on Monday. |
| 0:22.0 | We'll just keep this between ourselves. |
| 0:24.0 | No one's actually listening. |
| 0:25.0 | Just between friends. |
| 0:26.0 | We've got some stuff to talk about. |
| 0:28.0 | We're going to talk mega caps. |
| 0:30.0 | We've got the latest from consumer goods. |
| 0:32.0 | But we have to start with the great Facebook outage of 2021. |
| 0:37.0 | Shares of the social network fell 5% on Monday as Facebook, Instagram, and WhatsApp all went dark for six hours. |
| 0:45.0 | This was also the day after 60 minutes aired and interview with Francis Hagen, a former product manager at Facebook who provided this is the whistleblower who provided internal documents |
| 0:57.0 | to the Wall Street Journal for their reports entitled the Facebook files. |
| 1:02.0 | I should add that as you and I are talking, Ms. Hagen is across the Potomac River from where I am. |
| 1:07.0 | She is up on Capitol Hill testifying before some folks from a little group. |
... |
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