Saturday, May 25th 04:28 AM IST

Facebook crashes, adding to IPO woes

Jun 1, 2012

Facebook’s website suffered sporadic outages on Thursday, anywhere from half an hour to two hours according to various blogs, tweets and affected users, but the company said the problem has been fixed.

Reuters

“Earlier today, some users briefly experienced issues loading the site. The issues have since been resolved and everyone should now have access to Facebook,” company spokesman Michael Kirkland told Reuters.

The outages came as Facebook continued to grapple with the fallout of its botched 18 May IPO.

The stock has plummeted nearly 23 percent from its IPO price, and numerous lawsuits have been filed in the wake of first-day trading glitches.

Shares of Facebook closed up 5 percent at $29.60 Thursday on the Nasdaq.

Reuters

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