Firebase's iOS SDK caused widespread crashes across all iOS applications starting today morning, preventing affected apps from functioning. The incident resembles a previous Facebook swizzling crash issue and has drawn criticism regarding the quality control of a major SDK from Google.
The S&P 500 is up double-digits again this year, but warning signs are mounting: valuations have reached historic extremes with the CAPE ratio above 40 (matching only the dot-com bubble) and the Buffett indicator hitting 235% (versus a normal 75-90% range), while the Federal Reserve is raising interest rates. Historical precedent suggests such conditions have preceded major market crashes, though some argue this time may be different.