Facebook (NASDAQ:FB) Connect allows users to log in with their Facebook credentials on third-party systems, and it’s become massive.
However, yesterday the system went haywire — at least for a few minutes. Facebook Connect suddenly redirected users from sites like Yelp (NYSE:YELP), MSNBC and the Huffington Post to Facebook.com. A message popped up that said: “An error occurred. Please try again later.”
It’s not clear what caused the problem, but the fiasco does raise some questions about whether Connect a good — or stable — feature.
In the end, though, most websites rely on other technology platforms because of the low costs and access to useful features. It’s a smart strategy … but it is far from fool-proof. The good news is that Facebook usually corrects its problems extremely fast.
Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of “How to Create the Next Facebook” and “High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders.” Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.
A long-time follower of the IPO scene, back in 1999 Tom started one of the first sites in the space called WebIPO. It was a place where investors got research as well as access to deals for the dot-com boom. Tom also wrote the top-selling book, Investing in IPOs. In it, he covers all the aspects of analyzing an IPO, such as reading the prospectus, detecting the risk factors and understanding some of the arcane regulations. But don’t worry — if that process is too intimidating for you, thankfully Tom will do the legwork for you right here in the IPO Playbook blog.
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