| 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 … | 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 … | 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?| 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 … | 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.”| 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 … | Ben Schoon / 9to5Google: |
| Ryan Browne / CNBC: |
| New York Times: |
| Paresh Dave / Reuters: |
| 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 … | Wall Street Journal: |
Experts say Apple's App Tracking Transparency feature will damage Facebook's core business; the feature will limit Facebook's data collection from 85K+ iOS apps — New feature on iPhones will limit Facebook's ability to collect data from apps and prove that ads work| Lara O'Reilly / Business Insider: |
Verizon Media says it is planning personalized features for Yahoo Mail, and around 500K users watched NFL streams in the Yahoo Mail app in tests in Q4 2020 — - Verizon Media CEO Guru Gowrappan tells Insider the unit is preparing a “mega” product launch in the coming weeks.| Bloomberg: |
Filing: Xiaomi has sued US Defense and Treasury departments, after the DOD blacklisted the company thereby blocking US investors from buying Xiaomi's securities — - Pentagon had called it a ‘Communist Chinese military company’ — The move prohibits U.S. investors from buying Xiaomi's shares| Shubham Agarwal / Fast Company: |
Profile of ShareChat, an India-centric social network which lacks English language support and has 160M MAUs, 100M of which signed up in the last year — In a country where many people are coming online for the first time, ShareChat makes it easy to get social. And it doesn't bother with supporting English.
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| Prachir Singh / Counterpoint Research: |
| Chloe Sorvino / Forbes: |
| Theodore Schleifer / Vox: |
| Nick Statt / The Verge: |
| TechCrunch: |
| Megan Graham / CNBC: |
| Reuters: |
| Mike Isaac / New York Times: |