Facebook shares are down 15% from an all-time high on September 7th. That’s the biggest drop since the beginning of the pandemic. And yesterday, Facebook’s global outage may have prevented 54 billion Facebook messages from being sent and 3.75 billion fewer calling minutes on WhatsApp, according to marketing firm ABCD Agency.Axios Re:Cap talks with Axios’ media reporter Sara Fischer who’s been reporting on this, and how Facebook got to this moment.

Facebook shares are down 15% from an all-time high on September 7th. That’s the biggest drop since the beginning of the pandemic. And yesterday, Facebook’s global outage may have prevented 54 billion Facebook messages from being sent and 3.75 billion fewer calling minutes on WhatsApp, according to marketing firm ABCD Agency. Axios Re:Cap talks with Axios’ media reporter Sara Fischer who’s been reporting on this, and how Facebook got to this moment.

Facebook shares are down 15% from an all-time high on September 7th. That’s the biggest drop since the beginning of the pandemic. And yesterday, Facebook’s global outage may have prevented 54 billion Facebook messages from being sent and 3.75 billion fewer calling minutes on WhatsApp, according to marketing firm ABCD Agency.Axios Re:Cap&nbsp;talks with Axios’ media reporter Sara Fischer who’s been reporting on this, and how Facebook got to this moment.

Facebook: How did we get here?

Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app. 

Axios Re:Cap is on hiatus until October 2021.

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Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app. Axios Re:Cap is on hiatus until October 2021.

Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app.&nbsp;

Axios Re:Cap is on hiatus until October 2021.

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