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Facebook goes offline, shares stabilise at merely disastrous level

Hey, nobody forced you to buy the toy money ... bitch

By Kelly Fiveash, 1 Jun 2012

It's not just Facebook's share price that's been down in the dumps - the site itself fell off the interwebs for some users on Thursday.

The dominant social network, which claims it's closing in on a billion regular users worldwide, has coughed to a few outage wobbles.

"Yesterday, some users briefly experienced issues loading the site. The issues have since been resolved and everyone should now have access to Facebook. We apologise for any inconvenience," the company said.

Some Facebookers said they were unable to access the website for up to two hours.

Meanwhile, while boss Mark "no tip, bitch" Zuckerberg is busy honeymooning, his company's tanking stock received something of a fillip on Thursday.

Facebook shares on Nasdaq closed just shy of $30, after the newly public company's stock was lifted in late trading by a US market ricochet and a brokerage upgrade, Reuters reported. Earlier in the day Facebook's share price hit $26.83, a record low for the company.

The social network's stock remains at least 20 per cent below its initial public offering of $38 a share, after would-be investors cried off over concerns about Facebook's business longevity given its failure to make any revenue out of the nascent mobile market. ®