Techmeme
January 27, 2021, 2:10 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.
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 ~185%  —  - Shares of AMC Entertainment jumped more than 300% at the opening bell on Wednesday.  — In addition to GameStop, individual investors …
Bloomberg:
A wide range of online brokerage services, including Robinhood, E*Trade, and Fidelity, experienced service outages on Wednesday during GameStop trading frenzy  —  - Multiple online brokerages in U.S. hit by service disruptions  — Schwab says it's seeing ‘heightened trading across the market’
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 …
Manish Singh / TechCrunch:
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 …
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 …
Chaim Gartenberg / The Verge:
New docs from Epic vs. Apple lawsuit reveal internal Apple discussions on fees to charge paid TV and streaming channels and how that may affect the App Store  —  In Apple and Epic's ongoing court battle over App Store fees, one of the key sticking points has been Apple's insistence on maintaining …
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 …
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.
Jay Bonggolto / Neowin:
Sony announces Xperia Pro 5G, which has an HDMI input that lets content creators turn the smartphone into an external monitor, shipping now for $2,500  —  Sony announced today its newest 5G smartphone with an HDMI input, the first of its kind to include that feature.
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 …
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 …
Swetha Gopinath / Bloomberg:
Polish postal locker service InPost raised €2.8B in its IPO, Europe's biggest since 2018, selling shares at €16 and valuing the company at over €8B  —  - IPO prices at 16 euros a share, top end of the initial range  — Sale of 35% stake values Polish company at 8 billion euros
More: Reuters
Ron Miller / TechCrunch:
Pinecone, which is developing a vector database to help build machine learning apps faster, raises $10M seed led by Wing Venture Capital  —  Pinecone, a new startup from the folks who helped launch Amazon SageMaker, has built a vector database that generates data in a specialized format …
More: ZDNet and SiliconANGLE
Paul Sawers / VentureBeat:
Splashtop, a remote access and support service for businesses, raises $50M led by Sapphire Ventures at a $1B valuation  —  Splashtop, a remote access and support platform for businesses, has raised $50 million in a round of funding led by Sapphire Ventures, valuing the company at $1 billion.
Ashley Carman / The Verge:
Instagram updates its interface for Stories on desktop, adding a carousel that shows upcoming previews and what just played  —  See what stories are up next  —  Instagram is making its Stories feature more complete on the desktop.  In a small interface refresh today …
More: Adweek

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