Techmeme
January 28, 2021, 12:10 AM

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 closed up 300%+  —  - Shares of AMC Entertainment jumped more than 300% at the opening bell on Wednesday.  — In addition to GameStop …
Jay Peters / The Verge:
r/WallStreetBets was made private by moderators for about an hour, but is back online; Discord banned r/WallStreetBets' server, claiming hate speech violations  —  It went dark for nearly an hour  —  The r/WallStreetBets subreddit's own moderators made it private for a little less than an hour …
Bloomberg:
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
Chance Miller / 9to5Mac:
Apple's Q1 net income was $28.8B, up from $22.2B YoY; revenue for iPhone was $65.6B, up from $56B YoY, Mac was $8.7B, up from $7.2B, and Services grew to $15.8B  —  Apple (AAPL) has officially reported its earnings for Q1 2021, covering the lucrative holiday shopping season.
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.
Salvador Rodriguez / CNBC:
Danny Palmer / ZDNet:
Europol, the FBI, and other law enforcement agencies worldwide have seized control of malware botnet Emotet's infrastructure and disrupted it from the inside  —  Europol and FBI among agencies that have taken control of the botnet infrastructure used by cyber criminals behind some of the most prolific malware and ransomware attacks.
Salvador Rodriguez / CNBC:
Zuckerberg says Facebook will stop recommending civic and political groups to users permanently and is considering reducing political content in News Feeds  —  - Facebook CEO Mark Zuckerberg on Wednesday announced that the company will no longer recommend civic and political groups to its users.
Megan Graham / CNBC:
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 …
Emma Lee / TechNode:
Tencent-backed Chinese online education startup Huohua Siwei, which offers K-12 math and science courses, closes its $400M Series E at a $1.5B valuation  —  Huohua Siwei, an education platform backed by Tencent and short video app Kuaishou, has been valued at $1.5 billion after receiving …
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 …

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Ryan Gallagher / Bloomberg: