Facebook Hit With Huge Outage, Then Recovers

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Update: As of 4:31 a.m. in New York, the Facebook site has recovered, at least here.

According to many news reports, Facebook Inc.’s (NASDAQ: FB) service is down around the world. So far, the company has not addressed the situation, nor rumors that the collapse is worldwide.

Facebook has nearly 1.2 billion members, which makes it the world’s largest social network. Its IPO launched a public company that has a market cap of more than $150 billion, making it one of the most valuable companies in the world.

Facebook’s recent success has been tied to a migration of its ad model to mobile platforms, a ¬†migration that had been too slow for many investors until a year ago.

Facebook would be the ultimate takedown for hackers because of its massive size and tremendous membership base.

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