| 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 … | 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 … | 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?| 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.| Ryan Browne / CNBC: |
| Wall Street Journal: |
| Mitchell Clark / The Verge: |
| 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 … | 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| 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 … | 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 … | 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| 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.
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| Prachir Singh / Counterpoint Research: |
| Chloe Sorvino / Forbes: |
| Adam Satariano / New York Times: |
| Reuters: |