Mark Zuckerbeg’s mighty Facebook machine is currently down and the world seems to be losing its collective mind about not being able to see what people are having for dinner
Facebook is down and people are losing their minds(Image: AFP via Getty Images)
Social media giants Facebook and Instagram are down and people are saying things like ‘holy f***’. Meta business have issued a new statement and said “high disruptions” are being reported.
DownDetector saw over 41,500 reports of the social media site being down just after 2.30pm today. One user wrote about Facebook: “Website seems to be down in the last few minutes.”
Another said: “Website and app seem to be down”. A third wrote: “Can confirm here in the UK Facebook is down.” A fourth said: “It’s definitely down. Meta Business Suite giving an error message.”
One person wrote: “I run to X to check on Facebook is down. Facebook is down help.”
Status updates of outages of Meta business products listed on Meta’s website have now reported “high disruptions” for both Ads Creation and Editing, Ads Delivery and Ads Reporting.
A message on the disruption says: “We are aware that some advertisers may be having trouble creating or editing their ads in Ads Manager. Our engineering teams are aware and are actively looking to resolve the issue as quickly as possible.”
No other disruptions have been reported.
Users are currently unable to use Messenger as well as log on to Facebook. Taking to X to highlight the outage, one person wrote: “Both Meta Facebook and Messenger Down”, while another said: “Is facebook/meta down for anyone else ? I was just scrolling and got logged out of it and messenger too”.
It comes almost to the minute that mega rich entrepreneur Elon Musk is set to become the world’s first trillionaire. His SpaceX business raised 75 billion US dollars (£56 billion) ahead of its record-breaking 1.8 trillion US dollar (£1.3 trillion) US stock market debut.
The move is the biggest flotation in history and could also make Tesla and X owner Mr Musk – already a billionaire – the world’s first paper trillionaire and cement his position as the richest man on the planet.
In a filing with America’s Securities and Exchange Commission (SEC), SpaceX confirmed the float price of 135 dollars (£100.65) for shares, with 555.6 million being sold.
It meant SpaceX was set to be valued at 1.77 trillion (£1.3 trillion) dollars when trading kicked off later yesterday to make the history books as the biggest ever initial public offering (IPO) of all time.
But the value of SpaceX shares could rise or fall once publicly traded on Nasdaq, and there are concerns over the firm – which is still making a loss – being over-valued amid a tech IPO frenzy.
AI giants OpenAI and Anthropic OpenAI have both revealed plans to float in recent weeks as the industry’s race to go public enters full swing.
In the UK, 2.7 million shares worth 364 million dollars (£271 million) have been pre-allocated to British retail investors, according to the firm handling UK subscriptions.
It said total demand from UK retail investors stood at just under one billion dollars (£740 million), while total global demand from smaller investors was reportedly over 100 billion dollars (£74.5 billion), meaning many orders were unfulfilled.
Nearly two thirds (61%) of British retail investors received a full allocation of shares, with those applying for up to 2,700 dollars’ worth (£2,013) getting the full amount, while those applying for more than this saw allocations scaled back, with a maximum allowed at 1,000 shares each.
The blockbuster equity raise will help SpaceX launch 100,000 next-generation Starlink satellites into orbit as part of aims to deploy AI data centres in space but there are fears the overall float has been at least four times over-subscribed.
Susannah Streeter, chief investment strategist at the Wealth Club, said: “Elon Musk likes to make a splash in everything he does, but he may not soak the markets in rocket fuel this time around, with more scepticism surfacing about the reality of his long-term ambitions.
