Microsoft-owned Gitbook was Down for Two Hours ⏳ Today

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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).

Available in audio (roioverload.sounder.fm) or video (youtube.com/c/scottdclary).

Welcome to Roy Overload daily business, tech and finance news. I'm Scott declary. This is what's making news today. The Microsoft owned get book was down for about two hours today. The TESTLEAS CEO, Mr Elon Musk, himself asks employees to bring down car delivery costs. Brazil based FINTEX STARTUP truepas secures thirty two million dollars and in store sales on Black Friday, the final numbers are in, are down twenty eight percent compared to pre pandemic levels. To jump right into it. So first story of the day. The Microsoft owned get book was down for roughly two hours today. Millions of developers that depend on get book services were affected significantly. Get Book is one of the most developer focus platforms in existence, with over seventy three million developers actively using it. The issues began at roughly three forty five PM eastern time. As per reports, github actions, get operations, API requests, pages, pack pages and pull requests remain inaccessible throughout the entire outage. After two hours, everything...

...was fixed. However, no news as to what cause the outage. Elon Musk has urged employees to prioritize bringing down the cost of delivering cars over expediting car deliveries to the customers. The reason why musk has urged the tesla employees do this is that it will enable a company to meet fourth quarter expectations. Tesla is known on doubling down its efforts on faster delivery of cars to its customers at the end of every quarter. But amid rizing expenses on account of shortages of car parts, supply chain issues, increasing shipping costs and port related bottlenecks, the automaker is compelled to to basically introduced measures to cut down at all car delivery expenses. Musk is putting it out to his employees to try and figure out how exactly they can do this and to prioritize so they can actually meet q four expectations. The Brazil based fintext startup truepe secures thirty two million dollars, so the be to be focused by now, pay later. Vindex out of Trupe just secure at thirty two million, and funding to enable...

SMB retailers to access credit, as were, crunch based. Troupe's recent funding was led by addition and supported by global founders capital Monasheesh and Kazak, as per crunch based. truepeys a recent funding was led by addition and supported by global founders capital, Mona, cheese and Kazak, with thirty two million in funding truepez. Up to date funding has reached forty five million dollars. TRUEPE offers a buy now, pay later platform that enables me to be retailers to access credit at no cost. At the same time, the platform removes the risk exposure for lenders on its platform. And lastly, numbers are in. Instore sales on Black Friday down twenty eight percent this year compared to pre pandemic levels. As per the preliminary data from sense stormatic solutions, in store sales during Black Friday is down twenty eight percent compared to sales observed on the same day in two thousand and nineteen. It's not as if foot traffic has gone down drastically compared to two thousand and nineteen levels. In fact, there was...

...considerable growth in traffic, so people were out. The stores received forty seven point five percent more than what stores received last year, but that makes sense because of covid. Yet even with the forty seven and a half growth in foot traffic, we can't call it impressive growth because of course, last year it was covid and it didn't actually lead to increased revenue. So Adobe analytics is well released a report on Black Friday sales, or report states that black Friday online sales this year reached eight point nine billion, lower than nine billion observed in the previous year. So both online and foot traffic in store brick and mortar were down. However, brick and mortar suffered significantly more, at a twenty eight percent decline. And another news from around the Internet the crypto lending platform Celsius, their CFO was just arrested. So the chief financial officer of CELSIA's network, Yuram Shalem, was arrested this month in Tel Aviv along...

...with eight other individuals. They were all arrested for fraud, money laundering and sexual assault. Charged these charges are related to his previous role at singularity, team owned by Moshi Hagog and the Ontario based transportation startup treops raises two point eight million dollars to facilitate safe for public transportation in Africa. So troops is a platform aimed at digitizing Africa's public transportation system. They just secure two point eight million recently. With this funding around, troops has so far raised at three point one million. The likes of Genomi capital uncovered fund, Blandford capital, Japanese VC and Jadar capital participated in this funding round. anyways, that is it for today. Hope you enjoyed if you found value in this, share this with one other person. They can go subscribe for daily business, Tech and finance news a newsletter dot Roy overloadcom. Have a great day. I'll see you tomorrow.

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