Techmeme
January 28, 2021, 5:55 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.
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 …
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 …
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.
Stephen Nellis / Reuters:
In an interview, Tim Cook says Apple has an active installed base of 1.65B devices, up from 1.5B a year ago, including an installed base of over 1B iPhones  —  (Reuters) - Apple Inc on Wednesday reported holiday quarter sales and profits that beat Wall Street expectations …
Kif Leswing / CNBC:
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:
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:
Zuckerberg says Apple is one of Facebook's “biggest competitors” and uses its dominant position to preference apps like iMessage against WhatsApp and Messenger  —  - Facebook CEO Mark Zuckerberg used the opening remarks of the company's fourth quarter earnings call to blast Apple …
Reuters:
Samsung reports Q4 earnings with total revenue of ~$55.2B, up 3% YoY, and operating profit of ~$8.2B, up 26% YoY, but sees mobile sales drop 11% YoY to $19.3B  —  SEOUL (Reuters) - Samsung Electronics Co Ltd said on Thursday it expects its overall profit to weaken in the first quarter of 2021 …
TechCrunch:
Apple says its App Tracking Transparency feature, which will be enabled by default, will roll out with iOS 14, iPadOS 14, and tvOS 14 updates in early spring  —  Apple has shared a few more details about its much-discussed privacy changes in iOS 14.  The company first announced at WWDC …
Dean Takahashi / VentureBeat:
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.
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
Melissa Repko / CNBC:
Walmart plans to expand its use of automation to pick and pack online grocery orders, and work with several companies including Alert Innovation and Dematic  —  - Walmart will expand its use of automated systems to pick-and-pack shoppers' online grocery orders.
More: CNN
Elena Schneider / Politico:
US political campaigns say that bans by Facebook and Google on political ads have hamstrung them during a crucial fundraising window ahead of the 2022 midterms  —  Facebook and Google's on-again, off-again bans on political ads are hitting campaigns during a crucial fundraising window …

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Stef W. Kight / Axios:

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