Small Businesses Selling On Social Media, Turning Away From Facebook After Outage
Facebook Inc (NASDAQ:FB)’s massive outage could have an impact on small companies relying on the Facebook, WhatsApp, and Instagram apps to sell their products. The incident has cost the internet giant $100 million in revenue according to Fortune estimates. Q3 2021 hedge fund letters, conferences and more Business ImpactFurther, some small businesses might be turning away from the company as they also saw their operations and potential revenue affected. Jewelry designer Alex Rankin told BuzzFeed News, “I plan to have my own website soon so people can order off that. I cannot control Instagram.”...