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January 29, 2021, 7:20 PM
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| New York Times: |
Robinhood says it raised emergency funding of $1B+ from its existing investors, as it faces an onslaught of demands on its cash amid a 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.
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Tweets: @zackkanter, @jonesonthenba, @lookner, @jamessurowiecki, @rmac18, @rmac18, @danprimack, @dellcam, @benthompson, @jamessurowiecki, and @carnage4life
| Wall Street Journal: |
Profile of the trader known as DeepFuckingValue on r/WallStreetBets, who began investing in GameStop and explaining why in YouTube videos starting in mid-2019 — Trader known as DeepF—ingValue on the WallStreetBets forum helped turn the investing world upside down. “I didn't expect this.”
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Tweets: @davidjlynch, @sarthakgh, @bgurley, @carnage4life, @chrislhayes, @srussolillo, @gelles, @rkrigney, @eliotwb, @rxfaro, @austinhunt, @phatmike9, @lucasmtny, @davecbenoit, @wsj, @jasonzweigwsj, and @emanuelderman
| 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 … | 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 …
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The Verge, CoinDesk, CoinDesk, Crypto Briefing, PYMNTS.com, CryptoGlobe, KnowTechie, Decrypt, and New York Post
Tweets: @tomwarren, @orcainthecourt, @jennfranconews, @alltheway08, @jason_koebler, and @austin_rief
| Misyrlena Egkolfopoulou / Bloomberg: |
Robinhood is telling some users it may close out some of their positions as part of measures it is taking to reduce account risks — Robinhood Markets told users of its popular stock trading app that it may close out some of their positions as part of measures it's taking to reduce account risks.
Tweets: @aoc, @chamath, @robinhoodapp, @rashidatlaib, @dellcam, @tedlieu, @khoustephanie, @wongmjane, @mrjustinbarclay, and @thedextriarchy
| Jacob Kastrenakes / The Verge: |
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| Darrell Etherington / TechCrunch: |
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Tweets: @zguz, @motherboard, @webullglobal, @public, @webullglobal, @zguz, @panzer, and @mathewi
| Akane Otani / Wall Street Journal: |
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New York Times, INSIDER, Business Insider, Polygon, Input, and Forbes
Tweets: @arjunkharpal, @kofinas, @rwhelanwsj, @karaswisher, @rabbishmuley, @davidsacks, and @themaxburns
| Ben Schoon / 9to5Google: |
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Tweets: @slasher, @tanvim, @ayeshaasiddiqi, @teroterotero, and @shwoolley
| Paresh Dave / Reuters: |
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The Information, New York Times, The Logic, Techdirt, Gizmodo, Reclaim The Net, Decrypt, and Forbes
Tweets: @damiengayle, @timmaughan, @rachblevins, @paulnuki, @virushuo, @brianroemmele, @reclaimerrob, @ggreenwald, and @yoalexrapz
| Russell Brandom / The Verge: |
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Tweets: @gamespot, @hshaban, @vladtenev, @davidgokhshtein, @nichboy, and @caseyjohnston
| Reuters: |
Sources: Hyundai executives are divided over a potential tie-up with Apple, with some raising concerns about becoming a contract manufacturer — SEOUL/SAN FRANCISCO (Reuters) - Executives in Hyundai Motor Co Group are divided over a potential tie-up with Apple Inc, with some raising concerns … | Geoffrey Fowler / Washington Post: |
A spot check finds some apps in Apple's App Store with inaccurate privacy “nutrition labels” that downplay how much data they send to Facebook, Google, others — Apple's plan to make iPhone apps be transparent about the data they take falls short of being helpful — or even accurate
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HotHardware.com News, Vox, MacRumors, Pocketnow, Apple Terminal, iPhone Hacks, 9to5Mac, iDownloadBlog.com, Digital Trends, iMore, and AppleInsider
Tweets: @dnvolz, @dani_lever, @alexschultz, @geoffreyfowler, @_inside, and @martinsfp
| Wall Street Journal: |
Investigators say suspected Russian hack extends far beyond SolarWinds, with ~30% of the victims having no connection to the software — Roughly 30% of victims are said to have no connection to the network-management company's tainted software — Investigators probing a massive hack …
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Bloomberg, Ars Technica, ZDNet, C4ISRNET, and AppleInsider
Tweets: @dnvolz, @hatr, @biannagolodryga, @campuscodi, @kevinmaddendc, @ericgeller, @rebeccaballhaus, and @dnvolz
| Alex Sherman / CNBC: |
Speaking on Clubhouse, Reddit CEO Steve Huffman said his team monitors “Daily Active Shitheads” to make sure Reddit communities don't spiral out of control — - Reddit has taken the spotlight this week after community of investors ganged up to send GameStop and other heavily-shorted stocks soaring.
Tweets: @quinnypig, @db, @kifleswing, @sherman4949, and @megancgraham
| TechCrunch: |
Nerdy, which operates an online tutoring service, plans to go public via a SPAC merger at a valuation of $1.7B and plans to raise up to $750M with the deal — A gig economy-powered consumer edtech platform is heading to the New York Stock Exchange. — Edtech startup Nerdy …
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PYMNTS.com
| Nick Statt / The Verge: |
Facebook's Oversight Board is taking public comments on Facebook's decision to ban Trump and if it complied with “freedom of expression and human rights” — The board is taking submissions until February 5th — Facebook's Oversight Board, the independent body empowered to review …
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Oversight Board, Gizmodo, HotAir, Associated Press, ABC, Washington Examiner, NOEMA, theepochtimes.com, Sputnik News, PCMag, TechCrunch, Politico, WRAL TechWire, and NBC News
Tweets: @robertasbraga, @tjhansen, @jnsheff, and @mediajustice
| Adam Satariano / New York Times: |
Graphika: Huawei officials retweeted messages from fake accounts on Twitter to spread a pro-5G influence campaign in Belgium; Huawei is investigating the claim — A covert online push to sway telecommunications policy in favor of the Chinese company may presage a new twist in social manipulation.
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Financial Times, CyberScoop, and ZDNet
| Theodore Schleifer / Vox: |
Chan Zuckerberg Initiative is overhauling its political program, outsourcing its advocacy work, and launching a criminal justice reform group with a $350M fund — The Facebook founder and his wife, Priscilla Chan, are making the largest structural change to their philanthropy since they launched it five years ago.
Tweets: @rexmachina, @blackamazon, @safeandjustusa, @anandwrites, and @antirecidivism. Thanks:@thekenyeung
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