Techmeme
January 27, 2021, 5:05 PM

Top News

Ryan Browne / CNBC:
As r/WallStreetBets causes GameStop, BlackBerry, and others to surge, online trading platforms like Robinhood and WeBull have rapidly climbed US app store ranks  —  - The flurry of Redditors taking on Wall Street appears to have resulted in a usage boom for share trading apps.
More: CNBC, CNN, Wall Street Journal, TechCrunch, Bloomberg, Bloomberg, Bloomberg, Ars Technica, Forbes, The Verge, Vox, Bloomberg, Bloomberg, Bloomberg, The Verge, TechCrunch, BuzzFeed News, CNBC, Financial Times, New York Times, CoinDesk, Barron's Online, USA Today, Bloomberg, The Verge, Business Insider, Hollywood Reporter, Bloomberg, New York Post, Observer, CNBC, VICE, TheStreet, Mashable, GameSpot, Kotaku, Wall Street Journal, New York Post, Bloomberg, Los Angeles Times, Variety, The Wrap, iPhone in Canada Blog, Cointelegraph, BGR, Axios, Bloomberg, Fortune, coinspeaker.com, Decrypt, and Forbes
Pippa Stevens / CNBC:
As Reddit's r/WallStreetBets pushes GameStop's stock to record levels, other stocks mentioned in the subreddit surge, like AMC, which is up 200%+  —  - Shares of AMC Entertainment jumped more than 300% at the opening bell on Wednesday.  — In addition to GameStop, individual investors …
Bloomberg:
Facebook:
Facebook reports Q4: $28.1B revenue, up 33% YoY, 1.84B DAUs, up 11% YoY, 2.6B people used a Facebook service daily, up 15% YoY; headcount up 30% YoY to 58,604  —  Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter and full year ended December 31, 2020.
Apple:
Apple reports Q1 revenue of $111.4B, up 21% YoY, with international sales making up 64% of Q1 revenue; iPhone, Wearables, and Services set new revenue records  —  Revenue up 21 percent and EPS up 35 percent to new all-time records  —  iPhone, Wearables, and Services set new revenue records
Dean Takahashi / VentureBeat:
Google details the impact of Apple's upcoming IDFA ad privacy changes, including reducing visibility into app install metrics and affecting bidding on some ads  —  Apple has prioritized user privacy over targeted advertising, and Google is spelling out today what that means for itself as well as game and app developers.
Nikkei Asia:
Source: Apple is expanding production of iPhones, iPads, Macs, and other products in Vietnam and India, as the company increasingly shifts away from China  —  Move is part of wider shift from China that includes Macs, AirPods and more  —  TAIPEI — Apple is ramping up the production of iPhones …
Will Oremus / OneZero :
How the social network Nextdoor is replacing local newspapers as a news and opinion hub, letting governments bypass the media and present a one-sided picture  —  While Facebook and Twitter get the scrutiny, Nextdoor is reshaping politics one neighborhood at a time
Chaim Gartenberg / The Verge:
Amazon's Ring announces $60 Video Doorbell Wired, its cheapest and smallest doorbell, arriving on February 24  —  Available on February 24th, with preorders starting today  —  Amazon's Ring has debuted its latest video doorbell, the (blandly named) Ring Video Doorbell Wired which, at $59.99 …
Catalin Cimpanu / ZDNet:
In today's iOS 14.4 update, Apple fixes three 0-days, tipped by an anonymous researcher, and acknowledges a report that they may have been exploited in the wild  —  Fixes come after Apple patched another set of three zero-days last November.  —  Apple has released today security updates …
Cory Weinberg / The Information:
Sources: Bird is finalizing a deal to raise $100M in convertible debt, led by Sequoia Capital and Valor Equity, amid discussions about going public via SPAC  —  The scooter operators already were struggling when Covid-19 hit, robbing them of customers.  As the companies position themselves …
Ryan Gallagher / Bloomberg:
Profile of PE firm Francisco Partners, whose portfolio includes companies like Sandvine and NSO Group, which have both pursued deals with authoritarian regimes  —  Don Bowman, co-founder of Sandvine Inc., was always aware of the risks his company's products posed.
Jai Vardhan / Entrackr:
Sources: ByteDance has decided to wrap up its India operations and is laying off 90%, or over 1,800 employees, following India's permanent ban on TikTok  —  Bytedance has decided to wrap up its India operations and is cutting a large chunk of its employee base citing an absence of a clear direction …
Bloomberg:
Squarespace says it filed confidentially for an IPO in the US; the company was valued at $1.7B in December 2017  —  Website-hosting service Squarespace Inc. said it submitted a draft filing to go public to the U.S. Securities and Exchange Commission.  —  Squarespace said in a statement Wednesday …
Anna Kramer / Protocol:
Profile of Tracy Chou, diversity activist and founder of Block Party, which lets users filter out trolling and harassing Tweets so they can be reviewed later  —  When Tracy Chou decided to host a Reddit “Ask Me Anything” about online harassment over the summer, she knew it probably …

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Alex C. Engler / Fast Company:
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