Trackinsight is part of ETF One, the fully integrated ETF platform of Kepler Cheuvreux. Learn more →
Help us improve your experience. Please confirm your investor type:
The ETF Industry Is Evolving Fast
From AI infrastructure to active strategies, the ETF landscape is shifting. Share your perspective in the 7th Annual Global ETF Survey.
Facebook's 6-hour coma takes down Social Media ETF with it
Facebook and its popular subsidiaries Whatsapp and Instagram were out almost 6 hours yesterday.
By Rony Abboud
0
- Technology
- Connectivity
Advertisement
Facebook and its popular subsidiaries Whatsapp and Instagram were out of almost 6 hours yesterday as billions of people and millions of businesses found themselves without the social media giant tools they relied upon to connect with friends, family and customers.
Although the exact cause of the outage is still unclear, Facebook said it was an internal technical issue. Facebook's CEO Mark Zuckerberg later apologised for the global disruption after the services got back online.
ETF Data Built for Precision
Trackinsight delivers reliable and comprehensive coverage on 14,000+ ETFs
The company shares lost -4.89% while it was scrambling to restore services, dragging down Global X Social Media ETF (SOCL) with it. SOCL, the only ETF investing purely in Social Media companies around the world with Facebook as its largest holding (12.61%), lost -3.7%.
What happened yesterday highlights the importance of social media for individual users and businesses. SOCL ETF offers an opportunity for investors to gain exposure to this highly addictive and indispensable industry. The fund trades on the Nasdaq and charges 0.65% in annual fees.
Find and compare over 7,000 ETFs with our free tools: 
More articles
About Trackinsight
Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.
Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.
In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.
This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.
Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
More about TrackinsightETF TOOLS
PLATFORM
ETF NEWS & RESEARCH
Privacy policy | Cookie policy | | Terms of use | Imprint
