🔌 Facebook Says “Faulty Configuration Change” led to a Nearly Six-Hour Outage

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Facebook Says “Faulty Configuration Change” led to a Nearly Six-Hour Outage

Facebook blamed a “faulty configuration change” for a nearly six-hour outage on September 4 that prevented the company’s users from accessing its social media and other platforms such as WhatsApp, Messenger, and Instagram.

In a blog post, the company did not specify who executed the configuration change and whether it was planned.

The company said these changes disrupted network traffic between the company’s data centers. However, it said it has no evidence if the data of users was compromised as a result of the downtime.

It also noted that the router configuration changes also impacted many of the internal tools and systems employees used in day-to-day operations, complicating their attempts to quickly diagnose and resolve the issue.

Facebook left no stone unturned when it came to apologizing. Founder and Chief Executive Officer Mark Zuckerberg said, “Sorry for the disruption today — I know how much you rely on our services to stay connected with the people you care about.”

Eight Roads Launches Its Fourth Fund for European Scaleups

Global VC firm Eight Roads, best known for backing companies like Cazoo and Spendesk, has raised its fourth fund for European and Israel scaleups.

The company has launched a fund of $450 million for European and Israeli tech companies, aiming for another 15–20 companies across a broad range of consumer, fintech, software-as-a-service, and health-tech space.

Investments of Eight Roads will range from around $5 million to $50 million per company, and it plans to invest more in growth funding rounds.

The VC firm has previously invested in companies such as AppsFlyer, Spendesk, Red Points, Cazoo, Fireblocks, Hibob, Made.com, and Neo4j, and now manages over $8 billion of capital across Europe, Asia, and the United States.

The fourth-largest category of Eight Roads is digital health, which is also supercharged by pandemics.

Eight Roads is backed by investment giant Fidelity. It used to be the proprietary investment company of Fidelity International Limited but demerged in 2019.

YouTube Making Its Ads on Connected TV Platforms Shoppable

Popular video streaming platform YouTube has announced that it is expanding its video action campaigns to connected TVs as it plans to make its ads on these platforms more shoppable.

For context, when viewers see a video action campaign on their TV, they are invited through a URL at the bottom of their screen to continue shopping on the brand’s website from their desktop or mobile device. All of this is done without interrupting users’ viewing sessions.

In a blog post, Romana Pawar, director of product management for YouTube ads, said:

“With a quarter of logged-in YouTube CTV viewers watching primarily on TVs, the living room is becoming an essential place for brands to drive incremental conversions with new audiences. In early experiments for Video action campaigns on TV screens, over 90% of conversions coming from CTV would not have been reachable on mobile and desktop devices.”

Earlier in May, Google had first announced its plans to make its connected TV ads more shoppable. Consumers, mostly younger users, like to watch videos and engage while they shop.

Hence, YouTube and other platforms like Facebook and Instagram have invested in live shopping and video-based shopping features.

Dapper Labs Acquires Influencer Platform Brud

Non-fungible token (NFT) powerhouse Dapper Labs has acquired the influencer platform Brud.

The deal will enable the company to launch a new business dubbed “Dapper Collective” that will focus on helping communities build a decentralized autonomous organization (DAOs) via its Flow blockchain.

Although the terms of the transaction were disclosed, the compensation was all equity-based. The Dapper Collective unit will be led by Brud CEO Trevor McFedries.

The new business unit will enhance Dapper’s prominence in the realm of decentralized autonomous organizations (DAO’s), which are online communities with horizontal ownership structures based on tokens.

Brud is well-known as the developer of Miquela, a computer-animated character with more than three million followers on Instagram, serving as a “virtual influencer” on the platform.

The acquisition is the latest installment of Dapper Labs in a period of rapid growth for the entertainment and gaming-focused blockchain firm.

Dapper just closed partnerships with the NFL and La Liga. It also has long had an eye on building out its Metaverse offerings.

Around The Web

🩸 GraphWear Raises $20.5 million in Series B: GraphWear, a company pursuing needle-free approaches to glucose monitoring, has raised $20.5 million in its Series B funding round. This round was led by Mayfield, with participation from MissionBio Capital, Builders VC, and VSC Ventures.

⚖️ Judge Rejects XRP hodlers’ Bid to Join SEC Against Ripple: U.S. District Judge Analisa Torres ruled that individuals holding the company’s XRP token cannot act in Ripple’s ongoing lawsuit as defendants. This comes after several XRP token holders aimed to file “friends of the court” briefs, which would allow them to join the case as defendants and support Ripple in its claims that the token does not violate securities laws.

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