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- Welcome to Twitter, Jon Stewart
- Robinhood denies claims that it sold GameStop shares out from under its traders
- University will stop using controversial remote-testing software following student outcry
- Google salvaged Robinhood’s one-star rating by deleting nearly 100,000 negative reviews
- Gambling apps are coming to Google’s Play Store in the US and 14 other countries
- Stadia’s biggest (timed) exclusive won’t be exclusive anymore
- Epic Games Store users claimed 749 million free games last year
- Robinhood will allow ‘limited buys’ of stocks like GameStop starting Friday
- Go read why r/WallStreetBets was founded and how its creator left
- E-Trade confirms it halted GameStop and AMC stock, will let you buy some Friday
| Welcome to Twitter, Jon Stewart Posted: 28 Jan 2021 05:58 PM PST  Jon Stewart has just joined Twitter, and is now the proud owner of a verified account. And, of course, his first tweet was about the redditors on r/WallStreetBets and their stonks. While it may be the first time he's made an appearance on Twitter, Stewart is already fitting right in — with a profile picture that's not actually of him, but a dog.
Fellow late-night commentator Stephen Colbert jumped in to welcome him to the platform, giving Stewart a... |
| Robinhood denies claims that it sold GameStop shares out from under its traders Posted: 28 Jan 2021 05:27 PM PST  No, Robinhood tells The Verge, it didn't sell off full shares of GameStop, AMC, and other buzzy stocks without permission from its traders. That contradicts the stories of twelve people who spoke with The Verge, saying that the app unexpectedly sold off their holdings in some of these companies. Quite a number of Robinhood users expressed their surprise on social media today that the app was selling off their stakes, and we tracked down a dozen of them. These traders didn't believe they had prompted the sales, and they said they weren't aware of anything on their account that would have automatically triggered them. "I didn't have any triggers to sell the stock whether it went up or down. I certainly wouldn't have put it at $197 when... |
| University will stop using controversial remote-testing software following student outcry Posted: 28 Jan 2021 05:21 PM PST  The University of Illinois Urbana-Champaign announced that it will discontinue its use of remote-proctoring software Proctorio after its summer 2021 term. The decision follows almost a year of outcry over the service, both on UIUC's campus and around the US, citing concerns with privacy, discrimination, and accessibility. Proctorio is one of the most prominent software platforms that colleges and universities use to watch for cheating on remote tests. It uses what its website describes as "machine learning and advanced facial detection technologies" to record students through their webcams while they work on their exams and monitor the position of their heads. The software flags "suspicious signs" to professors, who can review its... |
| Google salvaged Robinhood’s one-star rating by deleting nearly 100,000 negative reviews Posted: 28 Jan 2021 04:28 PM PST  Google is actively removing negative reviews of the Robinhood app from the Google Play Store, the company confirmed to The Verge. After some disgruntled Robinhood users organized campaigns to give the app a one-star review on Google's Play Store and Apple's App Store — and succeeded in review-bombing it all the way down to a one-star rating — the company has now deleted enough reviews to bring it back up to nearly four stars. Robinhood came under intense scrutiny on Thursday, after the stock trading app announced it would block purchases of GameStop, AMC, and other stocks made popular by the r/WallStreetBets subreddit, and some users have already replaced their deleted one-star reviews with new ones to make their anger heard. Here's a... |
| Gambling apps are coming to Google’s Play Store in the US and 14 other countries Posted: 28 Jan 2021 02:38 PM PST  An upcoming change to Google's Play Store policies will allow gambling and betting Android apps that use real money in 15 more countries, including the US, according to 9to5Google. Currently, gambling apps are only allowed in four countries: Brazil, France, Ireland, and the United Kingdom. The new rules will be applied starting on March 1st, and they'll permit gambling apps in Australia, Belgium, Canada, Colombia, Denmark, Finland, Germany, Japan, Mexico, New Zealand, Norway, Romania, Spain, Sweden, and the United States. Of course, each country will have its own limitations on what kind of online gambling is legal, with some countries allowing online casinos, sports betting, lotteries, and daily fantasy sports, and some being more... |
| Stadia’s biggest (timed) exclusive won’t be exclusive anymore Posted: 28 Jan 2021 02:37 PM PST  Crayta's timed Stadia exclusivity is coming to an end soon, with developer Unit 2 Games confirming that the title will be making its way to PC "very soon." Originally announced as a "First on Stadia" timed exclusive, Crayta's jump to other platforms was always more a question of "when" rather than "if," but the announcement marks the first official indication of the regular PC port. The news — originally spotted by 9to5Google, citing a tweet from Twitter user @Yogarine — comes from an announcement by Unit 2 Games in the game's Discord chat. The company promises that it'll have more information (including a launch date and the digital storefront where Crayta will be offered) in the coming weeks, but it does promise that it's "still every... |
| Epic Games Store users claimed 749 million free games last year Posted: 28 Jan 2021 02:09 PM PST  Epic Games Store released a bevy of stats to show off how its game storefront grew in 2020 compared to 2019, its launch year. It announced that there are over 160 million accounts now on PC, up from the 108 million users registered in 2019. It almost doubled in monthly active users from 32 million in December 2019 to 56 million last month. Epic also saw its daily active user count go up to 31.3 million, which the company claims is a 192 percent boost. Its peak concurrent player count hit 13 million in 2020, almost doubling its 7 million peak in 2019. Unsurprising to no one, giving away free games each week is a nice way to keep people coming back to your storefront. (It also helps when your store is the sole provider of Fortnite on PC.)... |
| Robinhood will allow ‘limited buys’ of stocks like GameStop starting Friday Posted: 28 Jan 2021 01:41 PM PST  Robinhood has announced that, beginning on Friday, January 29th, it will allow "limited buys" on restricted stocks, potentially signaling the end of a brutal day-long hold on GameStop, AMC, BlackBerry, Nokia, and other stocks. "Starting tomorrow, we plan to allow limited buys of these securities," the company said in a blog post. "We'll continue to monitor the situation and may make adjustments as needed." The company's statement does not elaborate on how limited purchases will be for GameStop and the other restricted stocks. On Thursday morning, Robinhood restricted purchases of GameStop and the other stocks, which had been driven to unusually high prices by coordinated activity on the... |
| Go read why r/WallStreetBets was founded and how its creator left Posted: 28 Jan 2021 01:23 PM PST  The Wall Street Journal has written an excellent profile of the man who started r/WallStreetBets, the subreddit that's been embroiled in controversy this week. His name is Jaime Rogozinski, and if you're wondering how he's been feeling about this whole thing, he likens it to "watching one of those horror films where you can see the bad guy slowly going up the stairs." The article gives the impression that the subreddit, which is now trying to raise the price of GameStop stocks to the moon, wasn't only created for profit — it was created for fun. Rogozinski was apparently bored with the usual stock market advice about just buying index funds and was looking for actual discussions about individual stocks. He also talks about how the... |
| E-Trade confirms it halted GameStop and AMC stock, will let you buy some Friday Posted: 28 Jan 2021 01:17 PM PST  Financial services company E-Trade has restricted purchases of GameStop and AMC stock, the company has confirmed to The Verge — and, like Robinhood, it plans to resume trading of both stocks on Friday. The two stocks have become popular on forums like the r/WallStreetBets subreddit and seen their prices skyrocket to unprecedented highs over the past week. (GameStop hit $483 earlier on Thursday and briefly went above that during the day. Last Thursday, the stock closed at $43.) Here's E-Trade's full statement:
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