Facebook Is Experiencing Outages, Stock Rallies Anyway - TheStreet

Facebook Inc. (FB) - Get Report is experiencing outages on the East Coast, spots in the Midwest and in parts of Europe, according to tracking website Outage Report. 

Facebook and Instagram users are reporting that they are unable to log onto the social media site.  Nonetheless, shares of Facebook were up 0.67% at market close on Tuesday after falling nearly 6% on Monday. 

"We're aware that some people are currently having trouble accessing the Facebook family of apps. We're working to resolve the issue as soon as possible," a Facebook spokesperson told TheStreet. 

"This company really needs to get it together, from a valuation and growth perspective all appears well, but if management can't get a grip on the narrative, I'm not sure anyone will care about the fundamentals," said Zev Fima, research analyst for Jim Cramer's Action Alerts Plus portfolio, which owns Facebook. "Being down into the holidays is just another issue they don't need right now, not when everyone is uploading family photos to Instagram and advertisers know exactly where the eyeballs will be -- assuming, of course, the platform is down!"

#FacebookDown was trending on rival social media site Twitter during the outage with users commenting about the service disruption.

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