Facebook: How did we get here?
Facebook shares are down 15% from an all-time high on September 7th. That’s the biggest drop since the beginning of the pandemic. And yesterday, Facebook’s global outage may have prevented 54 billion Facebook messages from being sent and 3.75 billion fewer calling minutes on WhatsApp, according to marketing firm ABCD Agency.
Axios Re:Cap talks with Axios’ media reporter Sara Fischer who’s been reporting on this, and how Facebook got to this moment.