๐Ÿ˜ต 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 te can 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 Games lawsuit and Street Lanka set to put committee to implement crypto mining. Let's jump right into it. So, just a few days after facebook experienced one of the largest and longest outages in history, social media giant again experienced downtime, but this time it was a much shorter period. On September eight, facebook and its APPS, including Instagram, facebook messenger and what's APP, experienced issues again. Company posted on twitter, funny enough, whereware that some people are having problems accessing our APPS and products. We're going to get things back to normal as quickly as possible and we apologize for any inconvenience. It doesn't seem like the downtime lasted long, as a service for back up and running for some users in less than thirty minutes after facebook posted about it. But after these serious laps last week, the repeated outage may spark concerns about the reliability and safety of the APP. Repeated outages...

...are more concerning for small business owners who use facebook tools to communicate to customers or international users who use what's APP is 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 to build quote unquote, defy for traditional finance. Has raised sixteen million dollars in a series a funding round. The funding round was led by cm ventures and include a participation from existing investors, seventy two ventures, five hundred startups and Investnet 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. The startup has a roster of partners, including the card issuing platform Marquetta, card fulfilment firm Arrowy, master cart and many others, to help foster the advancement of the embedded finance ecosystem for developers and...

...innovators. Product fi wants to be the shopify of embedded finance. The startup claims that with its platform, developers can configure in hours into great and days and go from idea to full stack deployment 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 also improves its cord data and cart issuance offerings, with a focus on releasing its first batch of clients and developing new integrations and collaborations. In the epic games versus Apple Saga, it's still going. Apple just filed an appeal. So they chosen to file an appeal to the ruling given out by Judge Evan Gonzalez Rodgers any epic games versus Apple Lawsuit Back in September and filed a notice of appeal 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 to change 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 developers to use in APP purchase systems. Of...

...course, that's a huge amount of revenue for Apple. Although the appeal is ongoing, apple has requested the court for 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 careful balance between developers and customers provided by the APP store and may result in irrept pair and may result interrreparable loss to the company and to customers. The permanent injunction is presently scheduled to go into effect December ninth, but the court rules the appeal in apple's favor, it will not have to make those changes by that date. And in Crypton new, Stri Lanka is setting up a committee to implement crypto mining and blockchain. So, in a significant development, Rey Lanka has joined the list of a very few countries to explore the applications of Blockchain 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 of Sri Lanka, shared a letter that shows that the authorities have accepted a recent proposal aiming to attract investments in the...

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

...unfollow everything, which is a browser extension that allowed facebook users to essentially delete their news feed by unfollowing all of their connections at once. And another startup story ISOPLEXUS, looks to raise a 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 surrounding a single cell, debuted trading on October eighth. The company is aiming to raise a hundred twenty five million from public markets, which a company plans to use for building the commercial team and advance its plans to play a bigger part in the creation of precision medicine. That's it for today. Hope you enjoyed if you found value in this, share it with one other person. They can go subscribe for daily business, tech and finance news. That newsletter Roy overloadcom. Have a great day. I'll see you tomorrow.

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