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January 29, 2021, 8:25 AM
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| New York Times: |
Robinhood says it raised an emergency infusion of over $1B from its existing investors, facing an onslaught of demands on its cash amid the stock market frenzy — The no-fee trading app, which is popular with young investors, has been strained by the high volume of trading this week in stocks such as GameStop.
More:
Gizmodo, Engadget, Forbes, BGR, CNBC, TechRadar, Variety, The Economic Times, Mashable, and Engadget
Tweets: @zackkanter, @jamessurowiecki, @rmac18, @rmac18, @carnage4life, @dellcam, and @benthompson
| Russell Brandom / The Verge: |
Robinhood to allow “limited buys” on restricted stocks from Friday, says halting purchases was a risk-management decision and not a response to outside pressure — Halting purchases was ‘a risk management decision,’ the company said in a blog post
More:
Under the Hood, CNBC, Reuters, TechRadar, Bloomberg, The Information, and SiliconANGLE
| Paresh Dave / Reuters: |
Facebook took down the “Robinhood Stock Traders” Group with 157K users; a notification said the Group violated polices on “adult sexual exploitation” — (Reuters) - Facebook Inc took down a popular Wall Street discussion group, Robinhood Stock Traders …
More:
Forbes, Gizmodo, and Bloomberg
Tweets: @yoalexrapz, @virushuo, @reclaimerrob, @jasonaten, @caseynewton, @ggreenwald, @ggreenwald, @subtooptimus, @ggreenwald, and @brianroemmele
| Bloomberg: |
Sources: Robinhood has drawn down some of its credit lines with banks, tapping at least several hundred million dollars — Robinhood Markets, the trading app that's popular with investors behind some of this month's wildest stock swings, has drawn down some of its credit lines with banks …
More:
VICE, CoinDesk, and PYMNTS.com
Tweets: @fmanjoo, @northmantrader, @thestalwart, @litcapital, @balajis, @gerberkawasaki, and @jacob__posts
| Ben Schoon / 9to5Google: |
Google deleted ~100K reviews for the Robinhood app on the Play Store, bringing its rating back to 4 stars, after users dropped its rating to 1-star — Robinhood is one of the most popular ways for consumers to get in on the stock market, but the app is in some hot water with its users currently.
More:
The Verge, 9to5Mac, Chenge.org, Android Authority, Business Insider, Game Rant, coinspeaker.com, Cointelegraph, CNBC, Android Central, This is going to be BIG, and Reclaim The Net. Tweets: @salem4congress
| Maggie Fitzgerald / CNBC: |
Robinhood says due to “recent volatility” it is restricting trading in some stocks, including GameStop, AMC, BlackBerry, and Nokia, to “position closing only” — Amid the flurry of speculative activity in GameStop, brokers took steps to restrict the trading …
More:
VICE, Decrypt, New York Times, IGN, Fast Company, coinspeaker.com, InsideBitcoins.com, Fortune, The Ringer, and cryptodaily.co.uk
Tweets: @aoc, @tedcruz, @motherboard, @arkhondh, @sequoia, @robinhoodapp, @chamath, @slasher, @rashidatlaib, @jarule, @dellcam, @panzer, @casey, @dellcam, @jason_koebler, @bgurley, @austin_rief, @rachelmetz, @vladtenev, @themaxburns, @rokhanna, @balajis, @tedlieu, @poorlyagedstuff, @film_girl, @matthewstoller, @markruffalo, @dellcam, @arjunsethi, @reckless, @reddit, @bgurley, @panzer, @itsdansheehan, @gartenberg, @arjunsethi, @emmakinery, @eddiezipperer, @caseynewton, @rbreich, @billpascrell, @jasonaten, @robzacny, @bigblackjacobin, @tedlieu, @pt, @davidsacks, @sama, @justinkan, @chimeracoder, @mattzeitlin, @mims, @timfernholz, @freemaneric, @heathercampbell, @duffgoldman, and @bertjwregeer
| Darrell Etherington / TechCrunch: |
Webull and Public, which restricted transactions of some stocks, cite costs of settling the trades with Apex as the cause and have now removed all restrictions — Three of the popular retail stock market trading apps that have hosted much of the activity related to the Wall Street Bets subreddit-spurred run …
More:
Bloomberg, CNET, and CNBC
Tweets: @zguz, @public, @webullglobal, @webullglobal, @panzer, @jgreco, @panzer, @panzer, @cfarivar, @panzer, @matthewstoller, @alexeheath, @mathewi, and @fmanjoo
| Jacob Kastrenakes / The Verge: |
Robinhood says it didn't proactively sell shares of GameStop, AMC, or any other buzzworthy stocks without traders' permission, denying claims made by some users — Traders say they intended to keep holding — No, Robinhood tells The Verge, it didn't sell off full shares of GameStop … | Akane Otani / Wall Street Journal: |
More:
Business Insider and Bloomberg
Tweets: @rabbishmuley, @schwarz, @eringriffith, @rwhelanwsj, and @karaswisher
| Tucker Higgins / CNBC: |
More:
VICE. Tweets: @newyorkstateag, @senmikelee, @carolmassar, @rakeshlobster, @jalter, @cnbc, @issielapowsky, @kellymakena, @iansherr, @_semahernandez_, @elwasson, @emmakinery, @danrolle, @olaasm, @senwarren, and @hshaban
| Misyrlena Egkolfopoulou / Bloomberg: |
More:
Bloomberg. Tweets: @khoustephanie, @jbarro, @lklatt11, @devlinbarrett, @themaxburns, @ashbennington, @tomzellerjr, @bw, @ashbennington, @themaxburns, and @brianroemmele
| Tom Warren / The Verge: |
More:
Axios, OneZero , and Game Rant
Tweets: @tomwarren, @debostic, @mmasnick, @jefftutorials, @tomwarren, @davidsacks, @kressaty, and @maxkennerly
| Mike Isaac / New York Times: |
Sources: Facebook is developing newsletter tools for journalists and writers, including tools to help build followers, curate email lists, and offer paid subs — Facebook is working on newsletter tools for journalists and writers, according to three people familiar with the company's plans …
More:
Axios and The Verge
Tweets: @mikeisaac, @econ_marshall, @caseynewton, @quinnypig, @z_everson, @daveleeft, @allnick, @halophoenix, @minimaxir, @robpegoraro, @tedstein, @mobute, @rmondello, @hamishmckenzie, @ndimichino, @juddlegum, @jeffhauser, @laurengoode, @seldo, @athertonkd, @arielbogle, @bradesposito, @kirstinestewart, @morninggloria, @parismarx, @ismh, @brandyljensen, @fed_speak, @ireneista, @samebrewster, @lainnafader, @eiffeltyler, @simonowens, @mgsiegler, @allen, @rafat, @davechensky, @karaswisher, @thekendallbaker, @kantrowitz, @sdw, @skamille, and @kimmaicutler
| Catalin Cimpanu / ZDNet: |
Google Project Zero researcher discovers and details new security system on iOS 14 named BlastDoor, which provides an improved sandbox system for iMessage data — iOS 14 shipped with BlastDoor, a new sandbox system for processing iMessages data. — With the release of iOS 14 last fall …
More:
Project Zero, SecurityWeek, Slashdot, iPhone in Canada Blog, iMore, Ubergizmo, MacDailyNews, 9to5Mac, iPhone Hacks, and MacRumors
Tweets: @campuscodi and @ryanaraine
| Mike Peterson / AppleInsider: |
Canalys: iPad shipments grew 40% YoY to 19.2M in Q4 2020 and across all of 2020 Apple shipped an estimated 58.8M tablets, up 24% YoY from 2019 — Apple retained its top spot in the worldwide tablet industry during the fourth quarter of 2020, shipping an estimated 19.2 million iPad models in the period.| Kif Leswing / CNBC: |
More:
Canalys.com, Counterpoint Research, Firstpost Tech, Daring Fireball, and Gizchina
Tweets: @arjunkharpal, @benbajarin, @asymco, and @asymco
| Cameron Faulkner / The Verge: |
Epic says its Games Store has 160M+ PC users, up from 108M in 2019, with DAUs up 192% YoY to 31.3M; gamers spent $700M+ in 2020, with $265M on 3rd-party games — And Epic confirmed it'll keep giving away games in 2021 — Epic Games Store released a bevy of stats to show off …
More:
Epic Games, PCMag, TechRadar, MCV/DEVELOP, Gearburn, and VG247
| Michael McSweeney / The Block: |
Coinbase officially announces its intent to become a public company via direct listing — Coinbase has made official its plan to go public by way of a direct listing, according to a blog post released Thursday by the U.S.-based crypto exchange. — “Coinbase Global, Inc. today announced …
More:
The Coinbase Blog, Cryptonews, Coin Journal, Axios, Blockonomi, SiliconANGLE, coinspeaker.com, PYMNTS.com, and Fortune
Tweets: @yoda, @panzer, @brianroemmele, and @eringriffith
| Bijan Stephen / The Verge: |
YouTube is testing the ability to make short clips, from 5 to 60 seconds, of livestreams or videos, starting today on desktop and Android devices — Another standard live-streaming feature makes its way over to the online video giant — YouTube is introducing clipping …
More:
support.google.com, PCMag, Android Police, Game Rant, Ubergizmo, Digital Trends, Android Central, and Pocket-lint
Tweets: @youtubegaming, @fwiz, @baekdal, @traysold, @omegaproyt, @valkyrae, @brainengineer, and @carthusdojo
| Russell Brandom / The Verge: |
A look at Global Privacy Control, a new web standard designed to let users opt out of data sharing with all third-party brokers globally with a single click — On today's internet, information is nearly impossible to control. It's become commonplace for a single website visit to spill …
Tweets: @jason_kint, @el33th4xor, @websmyth, and @cyborgtribe
| Michael Potuck / 9to5Mac: |
In an apparent swipe at Zuckerberg, Tim Cook says that valuing engagement over privacy leads to “polarization” and “violence” and such businesses need reform — Speaking at the EU data protection conference CPDP today, Tim Cook gave the opening keynote with his talk entitled …
More:
MacRumors, Ars Technica, Business Insider, Engadget, The Guardian, CNET, GQ, TechSpot, 9to5Mac, and The Overspill
Tweets: @patrickmcgee_, @tim_cook, @jsnell, @pkafka, @martyswant, @stevekovach, @jason_kint, @pt, @marcbodnick, @kifleswing, @jeffnesbit, @pt, @mikeelgan, @defcon_5, @pt, @herrmanndigital, @lanceulanoff, @pt, @pkafka, @defcon_5, @pt, @snazzyq, and @dhh
| Lawrence Abrams / BleepingComputer: |
Microsoft reports it has “high confidence” the hacking campaign targeting infosec researchers is linked to ZINC, a DPRK-affiliated and state-sponsored group — Earlier this week, Google disclosed that a North Korean government-backed hacking group has been using social networks to target security researchers.
Tweets: @msftsecintel, @timothys, @epakskape, and @campuscodi
| Dylan Byers / NBC News: |
Facebook's Oversight Board issues first-ever rulings, which Facebook said it will abide by, overturning four out of the five cases it reviewed — Facebook's Oversight Board on Thursday issued its first round of decisions, overturning several of the company's decisions to remove posts …
More:
Oversight Board, TIME, Washington Post, Lawfare, Oversight Board, SiliconANGLE, and MediaNama
| Wall Street Journal: |
Investigators say suspected Russian hack extends far beyond SolarWinds, with ~30% of the victims having no connection to the software — Roughly 30% of victims are said to have no connection to the network-management company's tainted software — Investigators probing a massive hack … Sponsor Posts
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