? Facebook, Whatsapp, Instagram go Down Again

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Facebook, Whatsapp, Instagram go Down Again

Just a few days after Facebook faced one of the longest outages in its history, the social media giant has experienced another downtime- but this time, a much shorter one.

On September 8, Facebook and its apps including, Instagram, Facebook Messenger, and WhatsApp, experienced issues again.

The company posted on Twitter, “We’re aware that some people are having trouble accessing our apps and products. We’re working to get things back to normal as quickly as possible and we apologize for any inconvenience.”

It doesn’t seem that the downtime lasted longer, as the services were back up and running for some users less in less than 30 minutes after Facebook posted about it.

However, after the most serious lapse this 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’s tools to communicate with customers or international users who use WhatsApp as their primary texting app.

BaaS Startup Productfy Raises $16 Million

Productfy, a banking-as-a-service startup that aims to build “DeFi for traditional finance”, has raised $16 million in a Series A funding round.

The funding round was led by CM Ventures and included participation from existing investors Point72 Ventures, 500 Startups, and Envestnet Yodlee.

Founded in 2018 in Silicon Valley by Duy Vo, Productfy specializes in embedded financial products for fintech and brand innovators.

The startup has a roster of partners including, card issuing platform Marqeta, card fulfillment firm Arroweye, Mastercard, among others, to help foster the advancement of the embedded finance ecosystem for developers and innovators.

Productfy wants to be the “Shopify of embedded finance.” The startup claims that with its platform, developers can “configure in hours, integrate in days, and go from idea to full-stack deployment in as little as three weeks.”

With the fresh funding, the company plans to expand its services and compliance-as-a-service capabilities and also improve its core data and card issuance offering, with a focus on releasing its first batch of clients and developing new integrations and collaborations.

Apple Files Appeal in Epic Games Lawsuit

Apple has chosen to appeal the ruling given out by Judge Yvonne Gonzalez Rogers in the Epic Games vs. Apple lawsuit back in September; and filed a notice of appeal with the United States District Court for the Northern District of California on October 8.

The tech giant is planning to appeal the ruling that would require it to change its App Store rules to let developers add in-app links to outside websites, which would pave the way for alternate payment options that do not require developers to use the in-app purchase system.

Although the appeal is ongoing, Apple has requested the court for a stay on the permanent injunction that requires it to implement those changes by December.

Apple says that making changes to the App Store rules could disturb the careful balance between developers and customers provided by the App store and may result in irreparable loss to the company and customers.

The permanent injunction is presently scheduled to go into effect on December 9, but if the court rules the appeal in Apple’s favor, it will not have to make changes at that time.

Sri Lanka Set Up Committee to Implement Crypto Mining And Blockchain

In a significant development, Sri Lanka has joined the list of very few countries to explore the applications of blockchain by implementing a committee to implement various blockchain and crypto mining technologies.

On October 8, Mohan Samaranayake, 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 initiatives of the country.

According to Samaranayake, the Sri Lankan authorities have realized the 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 and to expand trade to the international markets.

“This committee will be mandated to study the regulations and initiatives of other countries such as Dubai, Malaysia, Philippines, EU, and Singapore, etc., and propose a suitable framework for Sri 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 the KYC processes.

Around The Web

? Facebook Bans Unfollow Everything Developer: Facebook has permanently banned a developer who made a tool that allowed people to automatically unfollow friends and groups. Louis Barclay was the creator of “Unfollow Everything,” a browser extension tool that allowed Facebook users to essentially delete their News Feed by unfollowing all their connections at once.

? Isoplexis Looks to Raise $125M in IPO: The shares of IsoPlexis, a company creating tools to zoom in on the flurry of protein activity surrounding a single cell, debuted trading on October 8. The company is aiming to raise $125 million from the public market, which the company plans to use for building the commercial team and advance its plans to play a bigger part in the creation of precision medicine.


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