Dear Trader:

You probably experienced the unprecedented outage yesterday that hit Facebook, Instagram, and WhatsApp. Our business was affected, too, and we are aware of the inconveniences that you must have suffered. Luckily for all of us, the outage lasted only six hours, and the social media services are back up and running again.
Now when the world is back to normal, you might be wondering what happened and how yesterday’s glitch will affect these companies’ financial future.Let’s answer these questions together.

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What Happened to Facebook, Instagram, and WhatsApp?
The social media services were down from about 16:00 GMT until 22:00 on Monday. About 10.6 million problem reports were made around the world. In a statement, Facebook explained that the faulty configuration change influenced the company’s internal tools and systems which made it difficult to solve the problem quickly.

What Is the Cost of the Outage?
The disruption cost Facebook founder an estimated $6 billion as the company’s shares tumbled. On Tuesday morning, Facebook’s shares are 4,89% down. Their price is lower by $16.78. At the moment, Facebook shares cost $326,23. Other media and tech companies, too, slid in the wake of the Facebook outage. Amazon shares dipped 2,85%. Google gave up 1,98%. Apple shed 2,46%. Alphabet retreated 2,11%. Microsoft was 2,11% lower.
You should watch these companies closely because now they are presenting valuable trading opportunities. Even a tiny change in the price of their stocks can earn you a handsome profit if you act quickly and decisively.

The Outrage Had Serious Repercussions on Wall Street

The tech shares experienced a drastic sell-off in overnight trading. On Tuesday morning, therefore, futures on all major US stock exchanges were in negative territory. Futures on the Dow Jones lost 30 points. On Monday, the Nasdaq sank 2.1% for the sixth day in the row, brought down by the tech heavyweights. The blue-chip Dow Jones plummeted more than 300 points. The S&P 500 slid 1.3%.

What Does the Future Hold for Indices?

Investors fear that October may be as bad as September. Inflation fears and rising rates kept investors on edge and brought the major indices lower last month. The S&P 500 fell 4,8% in September, hitting the lowest point since March 2020. Because the near future for some companies and stock exchanges does not look bright, you are advised to keep a close eye on them. Analysts predict that the general negative trend will continue in October. So, you need to make the best of this prediction and bet on the companies’ general decline.

If you need a piece of professional advice on how to trade at a profit, please contact the Xtrade team of trading experts. We are always here to help you earn extra money in stock markets.

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