IMO it's probably a lot of us tech workers watching in awe of what's going on when a big tech company craps itself.
Actually, my experience with FB (I have an account, but don't spend much time, there), is that it is packed with grayhairs, like me.
I think the younger folks have other venues they frequent.
This is essentially a reverse network effect: because so few young people are on the platform, few other young people see a reason to use it.
We like to throw anyone over 40 into the skip (especially in the tech industry).
It has caused some issues.
The company does have a fairly young, highly-paid, workforce.
I assumed the user base.
That being said, I've seen theories that certain non-FB sites are slow just because DNS lookups are so backed up.
This seems to happen for .com but not other TLDs so maybe .com is getting hammered?
I have been getting a Hacker News error message more often then usual today. So I don't think it is just DNS.
If most Facebook users knew what HN was and congregated here when FB was down, the site would be utterly crushed.