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.”
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
fed to people who don't exactly thrive on facts — is very much a comms issue. https://www.nytimes.com/... Farhad Manjoo / @fmanjoo : so isn't it a huge problem for their model that they've got to do t...
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 …
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 …
After dogecoin spiked 800%+, Robinhood halted instant deposits for crypto purchases and restricted trading in cryptocurrencies on Friday
Ryan Browne / CNBC :
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. Source: Graphika .
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
playing defense. And in some cases, it's changing the way they do business. @LesliePicker reports. https://www.cnbc.com/... https://twitter.com/... Casey Newton / @caseynewton : It's always worth noti...
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 …
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 … Source: Canalys.com .
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 :
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 …
Research: smartphone shipments in India fell 4% YoY to ~150M in 2020 and H2 2020 saw 100M+ shipments; among the top 5 brands, realme grew the most at 22% YoY
- The Indian smartphone market registered a modest 4% decline in the pandemic-hit year. — The market crossed 100 million units …
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”
especially as outside pressure mounted for it to do so. It evolved into a common law-like system of governance over speech, and people started to notice, and (obviously) people got angry. 4/ Howard De...
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?
Robinhood is telling some users it may close out some of their positions as part of measures it is taking to reduce account risks
Sources: Facebook is developing newsletter tools for journalists and writers, including tools to help build followers, curate email lists, and offer paid subs
Mike Isaac / New York Times :
Sources: Hyundai executives are divided over a potential tie-up with Apple, with some raising concerns about becoming a contract manufacturer
Clearsky researchers say Hezbollah's cyber unit Lebanese Cedar hacked 250+ unpatched Atlassian and Oracle servers at telecoms and ISPs in US, UK, Israel, more
Catalin Cimpanu / ZDNet :
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
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
TechCrunch :
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
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
Megan Graham / CNBC :
Profile of Instacart CEO Apoorva Mehta, who since the pandemic started has overseen three consecutive quarters of positive cash flow, a first for the company
and booming—business. Now the billionaire has to show he can outfox Bezos, dodge an avalanche of new competitors and calm his rebellious workers and restless partners https://on.forbes.com/... by @chl...
Chan Zuckerberg Initiative is overhauling its political program, outsourcing its advocacy work, and launching a criminal justice reform group with a $350M fund
Theodore Schleifer / Vox : Tweets: @rexmachina , @anandwrites , @blackamazon , @safeandjustusa , @anandwrites , and @antirecidivism . Thanks: @thekenyeung Tweets: @rexmachina : This is bad news. Abol...
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. Tweets: @michaelbarthel , @caseynewton , @sarthakgh , @jason_kint , @hkanji , @larak...
UK trading app Freetrade disables purchases of US stocks, blaming a decision by its currency exchange provider and their bank to restrict trading volume
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
heads” he said on Clubhouse https://www.cnbc.com/... Alex Sherman / @sherman4949 : Reddit's CEO spoke on Clubhouse last night — he described how he has a metric to monitor particular problematic users...
Physna, a Cincinnati-based startup developing an AI-powered 3D modeling platform for industrial engineering, raises $20M Series B led by Sequoia
Joel Kaplan told staff that Facebook is looking externally for a new US policy chief as it moves Kevin Martin, a Republican, to lead its global economic policy
Ashley Gold / Axios : Tweets: @lizzadwoskin and @axios Tweets: @lizzadwoskin : Sign of the (new) times: Facebook's Joel Kaplan just announced he is moving the top republican off the policy team. @axi...
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
Shubham Agarwal / Fast Company : Tweets: @harrymccracken . Thanks: @phonesoldier Tweets: Harry McCracken / @harrymccracken : ShareChat is a homegrown social-media hit in India, and a bunch of U.S. co...
Raydiant, whose cloud-based digital signage tech displays messaging including social media feeds, raises $13M Series A from investors including Mark Wahlberg
Sources: Kuaishou, ByteDance's main rival in China, has raised $5.4B in its Hong Kong IPO, valuing the short video startup at $61B
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