👯 Facebook is copying everyone.

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Welcome to Roy Overload, the business, growth and tech newsletter podcast. I'm Scott Declary, and today we are going to be speaking about facebook and how it's testing a new twitter like feature. It seems like all the social media APPS are just bleeding into one another. We're going to speak about job growth, the SMP five hundred, we're going to speak about the the transit loop that Elon Musk is bringing to Fort Lauderdale. We're going to be speaking about a huge ransomware attack that is currently ongoing and people are trying to figure out what to do about it. It's affecting thousands of companies, and then we're going to be following up and closing with a new twitter feature that they're going to be rolling out that allows you to tweet two trusted friends and people only. All right, let's get into it. So facebook is testing a twitter...

...like thread feature. So is facebook getting inspiration from twitter? It seems like every social media platform is getting inspiration from one another one another these days. One new feature that facebook is rolling out, and remember, this is the second feature that facebook's rolling out this week that is pulling in from other platforms. Remember earlier this week we're talking about how facebook was pulling in a newsletter feature that is very similar to what substack does. So the social media giant has been found testing a feature that helps create threads. Like twitter, a user can create a new post connecting it to a previous post on a same or related topic. The benefit of this is to tie post together visually. It's making it easier for people to follow updates coming from your feed to unfurl the entire chronology of the post. FACEBOOK will also introduce a view post thread button. When you tap that button, it will let you see all the threaded posts together. It's not officially launched yet, facebook has confirmed the speculations...

...around it, so it is a feature that will be launching. They've confirmed that same that it has been testing the feature with the small group of public figures. However, it is not commented whether a broader roll out to business groups or all public figures on the platform, or even just all people on the platform, is in the cards yet. So they haven't really cleared it up. Another piece on jobs. So robust job growth boost the SMP five hundred and a variety of other indexes. So the number of jobs created in the US markets in June. Two Thousand and twenty one show that the US labor market is recovering fast, and this is incredible news. The recovery inspired the SMP five hundred to grow another point seven five per sent on Friday, hitting four thousand three and fifty two dollars and thirty four cents. Similar surges could be seen for NAZDAC and the Dow Jones. NAZAC grew zero point eight one percent, hitting fourteen thousand six hundred and thirty nine and thirty three cents...

...on Friday. Dow Jones closed at thirty four thousand seven hundred, eighty six and thirty five, adding a hundred and fifty two eighty two points more just for the weekly growth. For the entire week, the growth registered by the SMP five hundred, NAZDAC and Dow Jones was one point seven percent, two percent and one percent. Obviously a lot of that coming from the number of jobs created in the US market. A few other notes on just popular stocks that are doing well. Friday growth also had significant support from leading text stocks. So this included apple, sales force and Microsoft. While apple and Microsoft had a two percent and a two point two percent surge respectively. Sales Force increased by one point three percent. And what's really pushing all this growth, like I mentioned, is the eight hundred and fifty thousand new jobs that were added in June. Of Two thousand and twenty one. This is surpassing Dow Jones expectation of seven hundred and six thousand. The increase in salaries worked as icing on the cake to the recovering job market. Hourly wages had monthly surge...

...of zero point three percent in June and year on, your growth for hourly wages touched three point six percent. Moving back into tech, let's look at hyperloop and what Elon Musk is doing. So Elon is bringing the underground transit loop to Fort Lauderdale on July first. Fort Lauderdale Mayor Dean J trant to list tweeted from his official account about receiving a proposal for Elon musks, excuse me, from Elon Musks, the boring company. The proposal expressed interest to build a transit loop underground between downtown and the beach. The tunnel is to be named the lost soulis loop and is expected to address issues on traffic congestion in the area. All though the mayor has expressed excitement, terming the proposal unprecedented and innovative. Nothing really has been finalized on the deal, but it's very exciting that this is in the works. And just to keep you in the know if you aren't aware of this project, the boring company is Elon...

...musks tunneling venture. The company is yet to build a substantial project portfolio. Out of the three tunnels it is dug so far, one is a test tunnel in Los Angeles and the other two are zero point eight miles long. Both go under Las Vegas Convention Center. None of these tunnels have been declared functionally yet, but they're in the process of certifying so that they can actually be used by the public. And a few other proposed tunneling projects apart from Fort Lauderdale, the Boring Company has proposed a loop system in Miami. It will cost roughly thirty million dollars. While the fate of this project is not yet decided, authorities have already canceled the proposal of a thirty five Mile Washington DC to Baltimore tunnel and a similar loop system proposed in Chicago. And what else should we know about the Fort Lauderdale Project. What is still unknown is a proposed length of the tunnel and the total cost. According to State Law, until the completion of the process seeking to compete for innovative ideas on resolving the same challenges, specifics of any proposal are not to be made public. So usually how it works with government is they're going to put this out to...

...our FP and see if anyone else can compete or bid on this project. It's more of a formality just because of the in innovativeness and nicheness of this project, but still they'll probably ask for other vendors to bid on it and then the Awarda to the boring company. In Cyber Security News. You may have seen this on the news or on social but there was another ransomware attack that may have affected hundreds of businesses. Recently, reval, spelled our evil, a criminal ransomware as a service organization, carried out a massive cyber attack operation. Reportedly, the attack could affect hundreds of businesses. What is known for sure is the attack targeted it team management software provider, Cassia VSA, and anticipating the attack to take a toll on hundreds of cassillas and users. CASSIA has shut down its servers and cautioned their users. revols most recent attack...

...victim, you've probably also heard about this, was JBS. This was a huge meat supplier. The company paid eleven million dollars to get their plan back online. As for the impact of revols recent attack, Kassia believes that less than forty percent of their customers were affected because it acted quickly while shutting down all of the servers to protect their thirty six thousand customers. What is worrying is the possibility of CASSIA's customers, clients, bearing the brunt of the attack, the extent of which has yet to be ascertained. According to experts working at the law firm shook, hearty and Bacon LLP, the ransom demands range from between twenty five thousand two hundred and fifty thousand, depending on the size of the company attacked. And one more social media feature, a little bit of a lighter note to end today's episode. Twitter is launching a new feature, the tweet trusted friends only. Twitter is considering this as a new feature. It's not implemented yet, but the trusted friends only feature would allow users...

...to restrict the view of their tweets within a limited circle of chosen friends, which is great because that will make twitter a much better place for people. Another feature called facets will allow users to categorize their tweets before sending them. So twitter is also trying to explore new tweets, but just more bespoke to twitter. They're not trying to bring in from another social media platform. A third feature that would be part of this roll out would allow users to list certain phrases that they would choose not to see in their replies. This is going to make twitter a little bit more friendly for younger audience as well, or just people that just don't want a lot of negative stuff on their feet. Twitter is also contemplating allowing its users to follow a handle only for their tweets on a certain topic, without following the handle to see their tweets on all topics. The implementation of all four of these features is tentative and it right now it's at the stage of mock ups and reviews, so it's not implemented yet, but it's great to see that twitter is trying to do something...

...to make its service a little bit safer for variety of audiences. A little more positive and really just more socially and human focused service that's aware of some of the negativity that you see on twitter and on the platform. anyways, that's another episode of the Roi Overload Newsletter podcast. If you enjoyed this, if you want to go read, go to newsletter dot Roy overloadcom and subscribe. Send it to your friends, families, peers, co workers, anybody who you think wants to stay uptodate on the latest business, tech and Growth News.

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