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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

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Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Tech

Facebook outage sends millions of new users to Signal and Telegram

By
Vlad Savov
Vlad Savov
and
Bloomberg
Bloomberg
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By
Vlad Savov
Vlad Savov
and
Bloomberg
Bloomberg
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October 5, 2021, 4:56 AM ET
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Signal and Telegram, two private messenger apps, saw downloads and user sign-ups soar during the extended downtime of Facebook Inc.’s network of apps and services.

Millions of new users joined the Edward Snowden-endorsed Signal on Monday, it said on Twitter. Telegram, whose functionality closely mirrors that of WhatsApp, surged 55 places to top the U.S. iPhone download chart, according to Sensor Tower.

Facebook suffered a six-hour outage that spanned its WhatsApp messenger, the main social network and photo-sharing app Instagram, shutting out many of its 2.7 billion global users. The situation idled some of the company’s employees and prompted a public apology from Chief Executive Officer Mark Zuckerberg.

Facebook’s loss turned into a gain for other social media. Twitter Inc.’s network stayed online, with Chief Executive Officer Jack Dorsey tweeting his endorsement of Signal as a suitable WhatsApp alternative and amplifying Snowden’s urging of his followers to move away from the Facebook-owned app. Thousands of rooms on audio-chat app Clubhouse had people talking about the outage, a spokeswoman for the service said, adding that all its main metrics rose.

Signal’s focus on privacy — expressed in its policy to not collect any data on its users and thus avoid situations where governments may pressure it to disclose personally identifiable information — has made it a favorite for secure communications. Telegram has also historically added millions of users in the wake of major WhatsApp outages.

Signal is WhatsUp

🆙 https://t.co/zpRrxf9qKP https://t.co/T23l7Ih6NQ

— jack (@jack) October 4, 2021

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