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On October 3, 2021, “60 Minutes” interviewed former Facebook data scientist Frances Haugen, who alleges that the company has been deceiving investors about how it has been dealing with hate speech and misinformation on its platform. Following the publication of this interview, Facebook and other related apps, such as Instagram and WhatsApp, experienced a widespread outage. It is currently unclear what the cause of the disruption is.
On this news, the Company’s share price fell as much as 6% on October 4, 2021, thereby injuring investors.