Techmeme
January 29, 2021, 10:30 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:
Ryan Browne / CNBC:
After dogecoin spiked 800%+, Robinhood halted instant deposits for crypto purchases and restricted trading in cryptocurrencies on Friday  —  - Users reported that the trading app had halted instant deposits for crypto purchases on Friday.  — Robinhood confirmed the move …
Akane Otani / Wall Street Journal:
Profile of r/WallStreetBets founder Jaime Rogozinski, who hasn't moderated since April and says the GameStop surge is a “train wreck happening in real time”  —  Jaime Rogozinski likens recent surge in GameStop shares to a ‘train wreck happening in real time’
Misyrlena Egkolfopoulou / Bloomberg:
Darrell Etherington / TechCrunch:
Tucker Higgins / CNBC:
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 …
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.
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 …
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 …

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