Techmeme
January 30, 2021, 11:55 AM

Top News

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 …
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.

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More News

Prachir Singh / Counterpoint Research:
Chloe Sorvino / Forbes:
Theodore Schleifer / Vox:
Nick Statt / The Verge:

Earlier Picks

Reuters:
Mike Isaac / New York Times: