Techmeme
January 29, 2021, 8:25 AM

Top News

New York Times:
Robinhood says it raised an emergency infusion of over $1B from its existing investors, facing an onslaught of demands on its cash amid the 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.
Russell Brandom / The Verge:
Paresh Dave / Reuters:
Facebook took down the “Robinhood Stock Traders” Group with 157K users; a notification said the Group violated polices on “adult sexual exploitation”  —  (Reuters) - Facebook Inc took down a popular Wall Street discussion group, Robinhood Stock Traders …
Bloomberg:
Sources: Robinhood has drawn down some of its credit lines with banks, tapping at least several hundred million dollars  —  Robinhood Markets, the trading app that's popular with investors behind some of this month's wildest stock swings, has drawn down some of its credit lines with banks …
Ben Schoon / 9to5Google:
Google deleted ~100K reviews for the Robinhood app on the Play Store, bringing its rating back to 4 stars, after users dropped its rating to 1-star  —  Robinhood is one of the most popular ways for consumers to get in on the stock market, but the app is in some hot water with its users currently.
Maggie Fitzgerald / CNBC:
Darrell Etherington / TechCrunch:
Webull and Public, which restricted transactions of some stocks, cite costs of settling the trades with Apex as the cause and have now removed all restrictions  —  Three of the popular retail stock market trading apps that have hosted much of the activity related to the Wall Street Bets subreddit-spurred run …
Akane Otani / Wall Street Journal:
Tucker Higgins / CNBC:
Misyrlena Egkolfopoulou / Bloomberg:
Tom Warren / The Verge:
Mike Isaac / New York Times:
Sources: Facebook is developing newsletter tools for journalists and writers, including tools to help build followers, curate email lists, and offer paid subs  —  Facebook is working on newsletter tools for journalists and writers, according to three people familiar with the company's plans …
Catalin Cimpanu / ZDNet:
Google Project Zero researcher discovers and details new security system on iOS 14 named BlastDoor, which provides an improved sandbox system for iMessage data  —  iOS 14 shipped with BlastDoor, a new sandbox system for processing iMessages data.  —  With the release of iOS 14 last fall …
Kif Leswing / CNBC:
Michael McSweeney / The Block:
Coinbase officially announces its intent to become a public company via direct listing  —  Coinbase has made official its plan to go public by way of a direct listing, according to a blog post released Thursday by the U.S.-based crypto exchange.  —  “Coinbase Global, Inc. today announced …
Bijan Stephen / The Verge:
YouTube is testing the ability to make short clips, from 5 to 60 seconds, of livestreams or videos, starting today on desktop and Android devices  —  Another standard live-streaming feature makes its way over to the online video giant  —  YouTube is introducing clipping …
Michael Potuck / 9to5Mac:
In an apparent swipe at Zuckerberg, Tim Cook says that valuing engagement over privacy leads to “polarization” and “violence” and such businesses need reform  —  Speaking at the EU data protection conference CPDP today, Tim Cook gave the opening keynote with his talk entitled …
Lawrence Abrams / BleepingComputer:
Microsoft reports it has “high confidence” the hacking campaign targeting infosec researchers is linked to ZINC, a DPRK-affiliated and state-sponsored group  —  Earlier this week, Google disclosed that a North Korean government-backed hacking group has been using social networks to target security researchers.
Dylan Byers / NBC News:
Facebook's Oversight Board issues first-ever rulings, which Facebook said it will abide by, overturning four out of the five cases it reviewed  —  Facebook's Oversight Board on Thursday issued its first round of decisions, overturning several of the company's decisions to remove posts …

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