More bad news for Facebook, as site crashes

Gigaom

Updated: Facebook isn’t having a good May. First its IPO didn’t “pop” and then the stock traded down the week after it went public. And on Thursday night the social network experienced a substantial outage, going dark for up to 80 minutes for some people. The site is still loading slowly for me and is apparently out for some people at 6:35 PT.

This isn’t just an inconvenience for users — it’s a big deal for Facebook, which can’t make money when users can’t access the site. As it said in the risks section of its IPO filings with the SEC, if Facebook is “unavailable when users attempt to access it, or if it does not load as quickly as they expect, users may not return to our website as often in the future, or at all.”

Like Google, (s goog) Facebook (s fb) can’t make money if users…

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