Facebook stock claws back

FAN Editor

Facebook’s stock bounced back after the fallout from Monday’s outage and even as a whistleblower blasted the company’s practices during congressional testimony. 

Shares recouped about half of the 5% loss as of 3:30 pm EDT. 

Ticker Security Last Change Change %
FB FACEBOOK, INC. 334.49 +8.26 +2.53%

The outage that knocked down the social media giant for hours Monday contributed to investor skittish for large-cap tech names shaving off over 2% for the Nasdaq Composite which is also rebounding. 

Ticker Security Last Change Change %
I:COMP NASDAQ COMPOSITE INDEX 14469.715151 +214.23 +1.50%

The company said in a blog post that its engineering teams found that “configuration changes on the backbone routers that coordinate network traffic between our data centers caused issues that interrupted this communication. This disruption to network traffic had a cascading effect on the way our data centers communicate, bringing our services to a halt.”

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