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January 30, 2021, 7:50 PM
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memeorandum
WeSmirchTop News
| Under the Hood: |
Robinhood explains why it placed restrictions on certain securities over the past week, says its clearinghouse-mandated deposit for equities increased tenfold — With the extraordinary market activity this week, and the temporary restrictions we put in place on certain securities …
More:
New York Times, Gizmodo, BitcoinExchangeGuide, The Guardian, and TechCrunch
Tweets: @robinhoodapp, @bigtechalert, @felixsalmon, @danprimack, @mattzeitlin, @sruhle, @jhweissmann, @hblodget, @ourielohayon, @johnolilly, @bgurley, @ivanthek, @tomgara, @micsolana, @katekelly, @piercejohnston, @zachweinberg, @carnage4life, @christopherbaer, @pitdesi, @mcwm, @tomwarren, @charlesforelle, @katekelly, @nathanielpopper, @frances_coppola, @lanceulanoff, @louwhiteman, @ourielohayon, @bgurley, @barbariancap, @jason, @brooke, @qtrresearch, @amir, @joshelman, and @justinkan
| Jesse Westbrook / Bloomberg: |
SEC says it “will closely review actions taken by regulated entities that may disadvantage investors” in trading certain securities — The U.S. Securities and Exchange Commission, making its most specific comments about the recent mania in the stock market … | Tom Hals / Reuters: |
Legal experts say Robinhood is not legally bound to carry out every trade and is protected from lawsuits by its user agreement — (Reuters) - Robinhood Markets Inc's user agreement is likely to protect the brokerage app from a barrage of lawsuits filed by customers after it blocked …
Tweets: @anthony
| John Herrman / New York Times: |
Reddit's uncommon qualities as a community platform, inspiring nihilism and humor, may explain why r/WallStreetBets' growth feels reminiscent of r/The_Donald — Reddit communities grow powerful in plain sight. Why do they keep taking the world by surprise?
More:
CNN and Reuters
Tweets: @doctorow, @jwherrman, @amuse, @lifewinning, @caseynewton, @frankpasquale, @can, @awealthofcs, @dcherring, @rashaabdulla, @reckless, and @cwarzel
| New York Times: |
Robinhood says it raised emergency funding of $1B+ from its existing investors, as it faces an onslaught of demands on its cash amid a 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:
Wall Street Journal, TechCrunch, Gizmodo, Better Programming, Micky, CNBC, Bloomberg, CryptoSlate, Wired, Input, PCMag, CoinDesk, Slate, Ars Technica, Techdirt, Wall Street Journal, Cryptonews, The Hill, Reclaim The Net, Fast Company, 9to5Mac, SlashGear, NPR, HotHardware.com News, Cointelegraph, PYMNTS.com, Data Driven Investor, Protocol, Crypto Briefing, TIME, Business Insider, Daring Fireball, Fortune, Forbes, BBC, Decrypt, Lifehacker, New York Post, and KnowTechie
Tweets: @aoc, @chamath, @motherboard, @zackkanter, @rhinosoros, @jonesonthenba, @lookner, @yunli626, @jamessurowiecki, @rashidatlaib, @danprimack, @llchristyll, @jamessurowiecki, @longshorttrader, @rwhelanwsj, @dellcam, @benthompson, @rmac18, @rmac18, @fmanjoo, @carnage4life, @public, @webullglobal, @northmantrader, @rabbishmuley, @virushuo, @ggreenwald, @ggreenwald, @maxkennerly, @balajis, @_semahernandez_, @panzer, @billpascrell, @emmakinery, @matthewstoller, @themaxburns, @bennettjonah, @devlinbarrett, @hshaban, @themaxburns, @themaxburns, @film_girl, @rakeshlobster, @cfarivar, @dellcam, @senwarren, @bgurley, @cnbc, @schwarz, @tomwarren, @matthewstoller, @jasonaten, @caseynewton, @tedlieu, and @tedlieu
| Ryan Browne / CNBC: |
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Cointelegraph, hackernoon.com, The Verge, CNET, CoinDesk, TechCrunch, Crypto Briefing, Gizmodo, PYMNTS.com, NPR, New York Times, and New York Post
Tweets: @sequoia, @zguz, @robinhoodapp, @cnbc, @cnbc, @arjunkharpal, @kofinas, @cnbc, @tedlieu, @tanvim, @thenewsoncnbc, @jbarro, @stephenpunwasi, @means_tv, @teroterotero, @hshaban, @ryan_browne_, @jennfranconews, @rachblevins, @orcainthecourt, @jeremyjojola, @thedextriarchy, @octofinance, @netnobody, @alltheway08, @zguz, @tomwarren, @webullglobal, @gerberkawasaki, @mathewi, @vladtenev, @ggreenwald, @kellymakena, @rbreich, @robzacny, @issielapowsky, @thestalwart, @jacob__posts, @michaelpachter, @maxwinebach, @jeffjohnroberts, @ashbennington, @ashbennington, and @brianroemmele
| Wall Street Journal: |
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New York Times, New York Times, The Information, Business Insider, New York Daily News, Quartz, USA Today, Kotaku, The Startup, The Logic, Input, The Verge, Ars Technica, and Slashdot
Tweets: @mylesudland, @autismcapital, @seattletimes, @hshaban, @nytimes, @ashkan, @nytimestech, @kellen_browning, @ampressman, @nytimes, @nathanielpopper, @marklittlenews, @davidjlynch, @sarthakgh, @bgurley, @carnage4life, @gelles, @rkrigney, @eliotwb, @austinhunt, @lucasmtny, @chrislhayes, @srussolillo, @rxfaro, @phatmike9, @davecbenoit, @wsj, @jasonzweigwsj, and @emanuelderman
| Mitchell Clark / The Verge: |
More:
TechCrunch, CNBC, BGR, SlashGear, Daring Fireball, Business Insider, FinLedger, and Mashable
Tweets: @reedgalen, @wheatpond, @edbott, @starfire2258, and @erichreimer
| Kashmir Hill / New York Times: |
How one woman destroyed the online reputations of more than 145 people, aided by “complaint sites” in the US and platforms like Google that rarely intervene — Outrageous lies destroyed Guy Babcock's online reputation. When he went hunting for their source, what he discovered was worse than he could have imagined.| Corbin Davenport / Android Police: |
Google pulls federated chat app Element from the Play Store citing abusive content, despite it only being a client for Matrix servers — Element is a popular client for the federated chat protocol Matrix, and we highlighted it in our roundup of the best open-source alternatives to Google Hangouts last year …
More:
Element Blog, Ars Technica, and Engadget
Tweets: @element_hq, @rafbuff, @rabble, @rphmeier, @fightfortheftr, @rabble, @jason_a_w, @anjiecast, @jasonpjason, @photomatt, @carlogubi, @mikebutcher, and @balajis
| Wall Street Journal: |
Experts say Apple's App Tracking Transparency feature will damage Facebook's core business; the feature will limit Facebook's data collection from 85K+ iOS apps — New feature on iPhones will limit Facebook's ability to collect data from apps and prove that ads work
More:
Wired. Tweets: @hoofnagle, @jason_kint, @byrontau, @mkarolian, @thetweetofjohn, @jason_kint, @padresj, @edbott, and @counternotions
| Catherine Shu / TechCrunch: |
Canalys: smartphone shipments in China fell 4% YoY to 84M in Q4 2020 and shipments for 2020 fell 11% YoY to 330M, as iPhone's share jumped from 15% to 18% YoY — The impact of United States government sanctions on Huawei is continuing to hurt the company and dampen overall smartphone shipments in China …
Source:
Canalys.com. More:
Canalys.com, appleosophy.com, Huawei Central, MacRumors, Gizchina, DigiTimes, DigiTimes, Daring Fireball, The Mac Observer, and Counterpoint Research
Tweets: @apple_tomorrow, @stevesi, @neilcybart, @stevesi, @neilcybart, @neilcybart, and @neilcybart
| Bloomberg: |
Current and former staff say much of Amazon's struggles in gaming rest with the leadership of its gaming division, which reportedly has a budget of $500M/year — Mike Frazzini had never made a video game when he helped start Amazon Game Studios. Eight years later, he has released two duds …
More:
Rock, Paper, Shotgun, VG247, Game Rant, Gamasutra, GamesIndustry.biz, and Kotaku
Tweets: @manvsgame, @blackbookalpha, @sonic9jct, @valentinachrys, @studioanisa, @faris, @markmilian, @jasonschreier, @cathroon, and @beavs
| Zoe Schiffer / The Verge: |
Alphabet Workers Union members in the US say they were blindsided by the announcement of an international alliance and are considering disaffiliation from CWA — Members say they were blindsided by the news, and some are considering a push to disaffiliate from the Communications Workers of America
Tweets: @reckless and @zoeschiffer
| Lara O'Reilly / Business Insider: |
Verizon Media says it is planning personalized features for Yahoo Mail, and around 500K users watched NFL streams in the Yahoo Mail app in tests in Q4 2020 — - Verizon Media CEO Guru Gowrappan tells Insider the unit is preparing a “mega” product launch in the coming weeks.Sponsor Posts
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