Facebook shares fall after yesterday’s crash

The social network site collapsed yesterday for third time in this month  and stopped working for around 40 minutes and this led to a fall in share prices by 4%.Users were greeted with the following error message: „Sorry, something went wrong. We're working on it and we'll get it fixed as soon as we can.”
Thursday last week similar crash was reported, which lasted 12 minutes. Another outage took place on September 17 and lasted around 5 minutes. Yesterday's breakdown was the third crash within the last 11 days - something unprecedented for Facebook.The social network is used by 1.5 billion people worldwide and therefore failures on Facebook are always news, because the service is considered to be extremely stable. 

As a result of the problem Facebook's shares fell nearly 4 percent to $ 89.25.

In today's session, the price continues to fall and shares are now being sold at $ 88.43.

Facebook introduced a 360-degree video

The company  is trying to draw user’s attention towards virtual reality.

On Wednesday Facebook Inc. presented a 360-degree "spherical" video in their newsfeed, allowing users to move around in the latest trailer of "Star Wars: The Force Awakens”.

With the new feature, viewers can change their viewpoint within images including NBC’s “Saturday Night Live” and a LeBron James clip. For mobile devices, users either just tilt the phone itself or swipe their finger across the screen to adjust the angle.

Vice, Discovery and GoPro have also signed on for the first version. In the case of the “Star Wars” trailer, users can look behind a moving aircraft or see what is happening on the side by dragging their computer mouse over the video on a desktop.

The new video offer is so far only available for Google Inc.’s Android phones. It is not yet compatible with Apple Inc.’s operating system iOS, but will be within a few months, Facebook said.

Facebook is attempting to get its users hooked on virtual reality – technology the company has bet big on. “Over time, we’ve seen that people enjoy more immersive content in their News Feeds”, Maher Saba, engineering director for video at Facebook,wrote in a blog post on Wednesday.

Facebook moved into virtual reality last year with its $2 billion acquisition of Oculus VR. CEO Mark Zuckerberg has previously called virtual reality the next “computing platform” after mobile devices. The virtual reality in newsfeed video is separate from a virtual reality video app that Facebook is also developing. 

The360-degree-videos will eventually be available for private users, and as a newadvertising feature for companies.