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January 29, 2021, 7:05 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, @jamessurowiecki, @rmac18, @rmac18, @carnage4life, @danprimack, @dellcam, @benthompson, @jamessurowiecki, and @billpascrell
| 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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New York Daily News, The Verge, Input, and TK News
Tweets: @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, New York Post, and Cointelegraph
Tweets: @tomwarren, @orcainthecourt, @jennfranconews, @alltheway08, @jason_koebler, @austin_rief, @rbreich, and @robzacny
| 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 …
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CNBC, Wall Street Journal, New York Times, and Gizmodo
| Misyrlena Egkolfopoulou / Bloomberg: |
Tweets: @aoc, @chamath, @robinhoodapp, @rashidatlaib, @dellcam, @tedlieu, @wongmjane, @khoustephanie, @mrjustinbarclay, and @thedextriarchy
| Tucker Higgins / CNBC: |
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VICE and New York Times
Tweets: @tedcruz, @newyorkstateag, @carolmassar, @senmikelee, @llchristyll, @olaasm, @danrolle, @kellymakena, @_semahernandez_, @issielapowsky, and @emmakinery
| Akane Otani / Wall Street Journal: |
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Tweets: @rwhelanwsj, @karaswisher, @rabbishmuley, @davidsacks, @themaxburns, and @maxkennerly
| Darrell Etherington / TechCrunch: |
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Bloomberg and New York Times
Tweets: @zguz, @motherboard, @webullglobal, @public, @webullglobal, @zguz, @panzer, and @mathewi
| Ben Schoon / 9to5Google: |
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The Verge, New York Times, TechCrunch, 9to5Mac, Cointelegraph, The Hill, Game Rant, Bitcoin Magazine, phonearena.com, BBC, HotHardware.com News, coinspeaker.com, Fast Company, CNBC, Android Authority, Forbes, Business Insider, New York Post, and KnowTechie
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
| Russell Brandom / The Verge: |
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Tweets: @gamespot, @hshaban, @vladtenev, @davidgokhshtein, @nichboy, @caseyjohnston, and @kristineowram
| 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, AppleInsider, and The Mac Observer
Tweets: @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
| 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, NBC News, Politico, and WRAL TechWire
Tweets: @robertasbraga, @tjhansen, @jnsheff, and @mediajustice
| 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: @db, @kifleswing, @sherman4949, and @megancgraham
| 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.Thanks:@thekenyeung
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