Facebook (FB) Outage, Bernstein With An Outperform Rating On The Stock

<p>What are some takeaways from this week's testimony from ex-Facebook (FB) employee, Frances Haugen? Also, the Facebook outage affected most of its applications including Instagram, WhatsApp, Facebook Messenger, and Oculus. The company said that it was caused by "configuration changes on the backbone routers." Bernstein's Mark Shmulik says that they have an outperform rating on the stock with a $425 price target. </p>