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.
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 , @motherbo...
Sources: Robinhood has drawn down some of its credit lines with banks, tapping at least several hundred million dollars
Robinhood Markets, the trading app that's popular with investors behind some of this month's wildest stock swings, has drawn down some of its credit lines with banks …
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 …
Robinhood says due to “recent volatility” it is restricting trading in some stocks, including GameStop, AMC, BlackBerry, and Nokia, to “position closing only”
Canalys: iPad shipments grew 40% YoY to 19.2M in Q4 2020 and across all of 2020 Apple shipped an estimated 58.8M tablets, up 24% YoY from 2019
Apple retained its top spot in the worldwide tablet industry during the fourth quarter of 2020, shipping an estimated 19.2 million iPad models in the period.
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 …
Sources: Facebook is developing newsletter tools for journalists and writers, including tools to help build followers, curate email lists, and offer paid subs
Facebook is working on newsletter tools for journalists and writers, according to three people familiar with the company's plans …
Robinhood to allow “limited buys” on restricted stocks from Friday, says halting purchases was a risk-management decision and not a response to outside pressure
Halting purchases was ‘a risk management decision,’ the company said in a blog post
Google deleted ~100K reviews for the Robinhood app on the Play Store, bringing its rating back to 4 stars, after users dropped its rating to 1-star
might just go viral now though. Tweets are tricky. https://www.reddit.com/... https://twitter.com/... https://twitter.com/...
Lawmakers, including AOC and Ted Cruz, criticize Robinhood; Dem leaders from the Senate and House say they will hold hearings on the state of the stock market
and its users are the product https://www.vice.com/... Ro Khanna / @rokhanna : Yes @aoc. We need an investigation into RobinhoodApp's decision and who influenced that. And this shows the need for a fi...
Webull and Public, which restricted transactions of some stocks, cite costs of settling the trades with Apex as the cause and have now removed all restrictions
Darrell Etherington / TechCrunch :
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 …
Profile of r/WallStreetBets founder Jaime Rogozinski, who hasn't moderated since April and says the GameStop surge is a “train wreck happening in real time”
Akane Otani / Wall Street Journal :
Google Project Zero researcher discovers and details new security system on iOS 14 named BlastDoor, which provides an improved sandbox system for iMessage data
iOS 14 shipped with BlastDoor, a new sandbox system for processing iMessages data. — With the release of iOS 14 last fall …
IDC says Apple has shipped 90.1M iPhones in Q1, the largest number of shipments in a single quarter since IDC started tracking smartphones
Kif Leswing / CNBC :
Discord says r/WallStreetBets members have set up a new server and Discord is helping them with moderation and management of rapid growth
it's helping them. Discord employees are now working directly with the subreddit's mods to improve the server. Details here: https://www.theverge.com/... https://twitter.com/... Jonathan Kressaty / @k...
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 …
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 …
Coinbase officially announces its intent to become a public company via direct listing
Coinbase has made official its plan to go public by way of a direct listing, according to a blog post released Thursday by the U.S.-based crypto exchange. — “Coinbase Global, Inc. today announced …
Epic says its Games Store has 160M+ PC users, up from 108M in 2019, with DAUs up 192% YoY to 31.3M; gamers spent $700M+ in 2020, with $265M on 3rd-party games
And Epic confirmed it'll keep giving away games in 2021 — Epic Games Store released a bevy of stats to show off …
Facebook took down the “Robinhood Stock Traders” Group with 157K users; a notification said the Group violated polices on “adult sexual exploitation”
Paresh Dave / Reuters :
A spot check finds a number of apps in Apple's App Store with inaccurate privacy nutrition labels that understate the amount of data they collect
Apple's plan to make iPhone apps be transparent about the data they take falls short of being helpful — or even accurate — You can trust Apple ... right?
In an apparent swipe at Zuckerberg, Tim Cook says that valuing engagement over privacy leads to “polarization” and “violence” and such businesses need reform
from safeguarding your health & financial data to guarding against algorithms that perpetuate rampant misinformation. We need transparency and reform. Jason Snell / @jsnell : Tim Cook is a very polite...
Microsoft reports it has “high confidence” the hacking campaign targeting infosec researchers is linked to ZINC, a DPRK-affiliated and state-sponsored group
Lawrence Abrams / BleepingComputer :
Facebook says it will begin testing “topic exclusion” controls that would help advertisers stop running ads next to topics they want to avoid in News Feed
- Facebook is building tools to help advertisers keep their ad placements away from certain topics in its News Feed.
Facebook's Oversight Board issues first-ever rulings, which Facebook said it will abide by, overturning four out of the five cases it reviewed
Dylan Byers / NBC News :
San Diego-based Concert Health, which helps primary care providers connect patients to behavioral health services, raises $14M Series A
Elise Reuter / MedCity News :
YouTube is testing the ability to make short clips, from 5 to 60 seconds, of livestreams or videos, starting today on desktop and Android devices
This content is likely not relevant anymore. Try searching or browse recent questions. Stephanie Mlot / PCMag : YouTube Tests Video Clip Sharing Feature Manuel Vonau / Android Police : YouTube tests ...
A look at Global Privacy Control, a new web standard designed to let users opt out of data sharing with all third-party brokers globally, with a single click
On today's internet, information is nearly impossible to control. It's become commonplace for a single website visit to spill … Tweets: @jason_kint , @el33th4xor , @websmyth , and @cyborgtribe Tweets...
Google updates its Play Store policy to allow gambling and betting apps in 15 additional countries, including the US, Australia, Canada, Japan, and Mexico
Abner Li / 9to5Google :
Telegram launches a tool to let users import chat history from WhatsApp, Line, or KakaoTalk on Android and iOS
Ben Schoon / 9to5Google :
At an all-hands, Microsoft Education VP told staff 100M+ students use Teams, up 30M since Sep, and Chromebooks are often faster, cheaper than PCs for remote ed
Ashley Stewart / Business Insider :
A now deleted Google PR post, implying its new cloud region in S. Arabia will store private Snap user data, prompts more scrutiny on Google's Saudi data centers
Issie Lapowsky / Protocol :
SoftBank says it will invest $100M in Miami-based tech companies; PitchBook says the region attracted $1.06B in venture investment last year
Sources: WeWork is in talks to merge with a SPAC at a valuation of around $10B, more than a year after its high-profile failure to launch an IPO
Wall Street Journal :
Qualtrics closes up 51% on its first day of trading, valuing the cloud software vendor at $27.3B, after raising $1.5B in its IPO
Facebook adds opt-in biometric fingerprint, face, or iris scan authentication for WhatsApp on desktop and the web
Ingrid Lunden / TechCrunch :
Google pulls popular transit app New York Subway from Play store, after it was found sharing granular user location data with controversial data broker X-Mode
Zack Whittaker / TechCrunch :
HR software company Workday acquires Peakon, which provides SaaS tools for employee retention, in a $700M all-cash deal
Henry Moniz, ViacomCBS' top compliance official, will become Facebook's first chief compliance officer, amid heavy regulatory scrutiny
Kanishka Singh / Reuters :
Hands-on with Samsung's $30 Bluetooth-enabled SmartTag, which has a button that can be used to ring a connected Galaxy phone and to control smart home devices
Juli Clover / MacRumors : Tweets: @dsilverman Tweets: Dwight Silverman / @dsilverman : Samsung beats Apple to market w/tracker tags, similar to the way it beat Apple with a smartwatch. Rumors of AirT...
Snap announces a new digital literacy program on Snapchat, covering data privacy and security
Sara Fischer / Axios : Tweets: @halidecamera Tweets: Halide / @halidecamera : Happy Data Privacy day! We love this report by Apple. As a reminder: Halide doesn't collect, store, analyze or do anythin...
Researcher: ability to target US military with Facebook ads could let nation states run influence operations on personnel; Facebook says it's not an issue
Gowalla, now resurrected as a social AR startup, raises a $4M seed round co-led by Google's venture arm GV and Spark Capital
Ireland-based “buy now, pay later” service Scalapay raises $48M in seed led by Fasanara Capital
UK's CMA launches a formal investigation into Facebook's $400M Giphy acquisition over competition in the supply of video clips and animated images
Shopify's new AI commerce stack
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