馃樀 Facebook, Whatsapp, Instagram go Down Again

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ROI Overload is a daily radio show/video podcast show focused on the latest in trending topics in business, tech, finance and startups hosted by Scott D. Clary (@scottdclary ).

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Welcome to Roy Overload daily business tecan finance news. I'm Scott declary. This is what's making news today.facebook. What's happened? Instagram go down again, a bast start up.Product five raises sixteen million dollars. Apple files and appeal in the EPIC Gameslawsuit and Street Lanka set to put committee to implement crypto mining. Let's jumpright into it. So, just a few days after facebook experienced one ofthe largest and longest outages in history, social media giant again experienced downtime,but this time it was a much shorter period. On September eight, facebookand its APPS, including Instagram, facebook messenger and what's APP, experienced issuesagain. Company posted on twitter, funny enough, whereware that some people arehaving problems accessing our APPS and products. We're going to get things back tonormal as quickly as possible and we apologize for any inconvenience. It doesn't seemlike the downtime lasted long, as a service for back up and running forsome users in less than thirty minutes after facebook posted about it. But afterthese serious laps last week, the repeated outage may spark concerns about the reliabilityand safety of the APP. Repeated outages...

...are more concerning for small business ownerswho use facebook tools to communicate to customers or international users who use what's APPis their primary texting APP. The startup, product five raises sixteen million dollars.So product five is a banking as a service start up that aims tobuild quote unquote, defy for traditional finance. Has raised sixteen million dollars in aseries a funding round. The funding round was led by cm ventures andinclude a participation from existing investors, seventy two ventures, five hundred startups andInvestnet Yodley, founded in two thousand and eighteen in Salcome Valley by do vo. Product five specializes in embedded financial products for Fintech or brand innovators. Thestartup has a roster of partners, including the card issuing platform Marquetta, cardfulfilment firm Arrowy, master cart and many others, to help foster the advancementof the embedded finance ecosystem for developers and...

...innovators. Product fi wants to bethe shopify of embedded finance. The startup claims that with its platform, developerscan configure in hours into great and days and go from idea to full stackdeployment in as little as three weeks. With this fresh round of funding,the company plans to expand its services and compliance as a service capabilities and alsoimproves its cord data and cart issuance offerings, with a focus on releasing its firstbatch of clients and developing new integrations and collaborations. In the epic gamesversus Apple Saga, it's still going. Apple just filed an appeal. Sothey chosen to file an appeal to the ruling given out by Judge Evan GonzalezRodgers any epic games versus Apple Lawsuit Back in September and filed a notice ofappeal with the United States disrecord for the northern district of California on October eight. The deck giant is planning to appeal the ruling that would require it tochange to APP store rules to let developers add in APP links to outside websites, which would pay the way for alternate payment options that do not require developersto use in APP purchase systems. Of...

...course, that's a huge amount ofrevenue for Apple. Although the appeal is ongoing, apple has requested the courtfor a stay on the permanent injunction that requires its implement these changes by December. Apple says that making change to the APP store rules could disturb the carefulbalance between developers and customers provided by the APP store and may result in irreptpair and may result interrreparable loss to the company and to customers. The permanentinjunction is presently scheduled to go into effect December ninth, but the court rulesthe appeal in apple's favor, it will not have to make those changes bythat date. And in Crypton new, Stri Lanka is setting up a committeeto implement crypto mining and blockchain. So, in a significant development, Rey Lankahas joined the list of a very few countries to explore the applications ofBlockchain by implementing an official committee to implement various blockchain and crypto mining technologies.On October eighth, Mohan Summer Rana Yeke, the director general of Government Information ofSri Lanka, shared a letter that shows that the authorities have accepted arecent proposal aiming to attract investments in the...

...blockchain and cryptocurrency space through various initiativesaround the country. According to Mohan, the street lank and authorities have realizednecessity to develop an integrated system of digital banking, blockchain and cryptocurrency mining technologyas a method to stay on par with international partners in the region to expandtrade aid to the international markets. This committee will be mandated to study theregulations and innovations and initiatives of other countries, such as Dubai, Malaysia, Philippines, the European Union in Singapore, and propose a suitable framework for StriLanka. He added. Additionally, the committee will study the laws and regulationsof other countries that include anti money laundering, criminal activities, terrorism financing, aswell as KYC processes and other things that are happening around the Internet.facebook bands on follow everything developer, so facebook is permanently banded. Developer whomade a tool that allowed people to automatically unfollow friends and groups. Lewis Berkeley, was the creator of, quote unquote,...

...unfollow everything, which is a browserextension that allowed facebook users to essentially delete their news feed by unfollowing allof their connections at once. And another startup story ISOPLEXUS, looks to raisea hundred twenty five million dollars in an IPO. So the shares of visoplexus, a company creating tools to zoom in on the flurry of protein activity surroundinga single cell, debuted trading on October eighth. The company is aiming toraise a hundred twenty five million from public markets, which a company plans touse for building the commercial team and advance its plans to play a bigger partin the creation of precision medicine. That's it for today. Hope you enjoyedif you found value in this, share it with one other person. Theycan go subscribe for daily business, tech and finance news. That newsletter Royoverloadcom. Have a great day. I'll see you tomorrow.

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