Techmeme
January 29, 2021, 11:15 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.
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 …
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 …
Maggie Fitzgerald / CNBC:
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:
Akane Otani / Wall Street Journal:
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 …
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 …

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