NEW YORK (TheStreet) -- Facebook (FB), well-known for its reliability regardless of traffic, was down partially on Monday. Prior to 11 a.m. EDT, users reported the inability to post status updates or send messages to friends. Adding insult to injury, the majority of complaints surfaced on rival social networking site Twitter, which is set to debut on the New York Stock Exchange as early as next month.
The social networking giant, Menlo Park, Calif., said the site was once again fully operational shortly after 11 a.m.
"Earlier this morning, while performing some network maintenance, we experienced an issue that prevented some users from posting to Facebook for a brief period of time. We resolved the issue quickly, and we are now back to 100%. We're sorry for any inconvenience we may have caused" according to a Facebook spokesman.
Shares dropped 0.3% to $54.06 Monday morning, lagging the S&P 500 which was down 0.06%.
TheStreet Ratings team rates Facebook Inc as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about its recommendation:
"We rate Facebook Inc (FB) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."