Facebook Faceplant

Facebook Is Down, Repeat, Facebook Is Down (For Some, Anyway)

Zuck listening to the Black-Eyed Peas' "I Got a Feeling." (Photo: In the Capital)

Here we were, prepping a Zynga post, when we popped over to check a detail on Facebook and discovered much to our horror a page that read “The webpage at https://www.facebook.com/ is currently unavailable.”

Nor is it our admittedly budget Internet, either: A quick check of Twitter reveals that this Betabeat reporter is not alone, with a flood of tweets confirming the social network is down for at least some users. DownRightNow confirms, as does downforeveryoneorjustme.com/facebook.com. We checked Facebook’s official Twitter account, but it hasn’t been updated since May 24th, of course.

We’ve reached out to Facebook for details and will update when we hear more. In the meantime, please remain calm, Twitter and Tumblr are still functioning.

Presumably Sheryl Sandberg, corporate ninja, is personally sorting this out as we speak.

Facebook Faceplant

Kayak Reportedly Postpones IPO in the Wake of Facebook’s Faceplant

The Zuckerberg-Chans. Chan-Zuckerbergs?

Head for your bunkers: Facebook fallout is upon us. (Maybe.) Bloomberg reports that–according to one source, anyway–Kayak plans to delay its IPO, in the wake of Facebook’s less-than-stellar debut. Says Bloomberg:

The Norwalk, Connecticut-based online travel service has postponed the roadshow for the offering, which was scheduled to start last week, said the person, who declined to be identified because the information is private. Morgan Stanley, the lead bank on Facebook’s initial share sale, also was hired to lead Kayak’s IPO.

Facebook’s stock is currently at $28.19, well under its $38 debut. Given that it was the highest-profile technology IPO in years (seriously, “frenzy” doesn’t even do it justice), there was no way that wasn’t going to have some sort of impact. One researcher told Bloomberg: “After Facebook’s tumble, investors are not willing to buy pie in the sky.” Ouch.  Read More