Techmeme
January 30, 2021, 8:30 AM

Top News

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.”
Mitchell Clark / The Verge:
Robinhood has placed trade restrictions on more than 50 stocks as of Friday and limited the purchase of some stocks, like GameStop, to a single share  —  The company is giving us numbers for what ‘limited buys’ really means  —  Robinhood only wants users to have a limited number of shares …
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 …
John Herrman / New York Times:
Reddit's uncommon qualities as a community platform, inspiring nihilism and humor, may explain why r/WallStreetBets' growth feels reminiscent of r/The_Donald  —  Reddit communities grow powerful in plain sight.  Why do they keep taking the world by surprise?
Under the Hood:
Robinhood explains why it placed restrictions on certain securities over the past week, says its clearinghouse-mandated deposit for equities increased tenfold  —  With the extraordinary market activity this week, and the temporary restrictions we put in place on certain securities …
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.
Jacob Kastrenakes / The Verge:
Robinhood says it didn't proactively sell shares of GameStop, AMC, or any other buzzworthy stocks without traders' permission, denying claims made by some users  —  Traders say they intended to keep holding  —  No, Robinhood tells The Verge, it didn't sell off full shares of GameStop …
Ben Schoon / 9to5Google:
Darrell Etherington / TechCrunch:
New York Times:
Paresh Dave / Reuters:
Ryan Browne / CNBC:
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.
Catherine Shu / TechCrunch:
Canalys: smartphone shipments in China fell 4% YoY to 84M in Q4 2020 and shipments for 2020 fell 11% YoY to 330M, as iPhone's share jumped from 15% to 18% YoY  —  The impact of United States government sanctions on Huawei is continuing to hurt the company and dampen overall smartphone shipments in China …
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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Prachir Singh / Counterpoint Research:
Chloe Sorvino / Forbes:
Theodore Schleifer / Vox:

Earlier Picks

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Reuters:
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