Robinhood hosts a wild week for new funding, the coinbase is going public and Johnson & Johnson reveals new vaccine trial data. This is your daily crunch for January 29, 2021.
Big Story: Robinhood Raises $ 1B
I know that the newspaper has been dominating Robinhood and stock market news for the last few days, but, is in the headlines.
The latest news is that later Reportedly tapping its credit lines, Robin Hood Raised $ 1 billion in new funding From existing investors. It seems that the company needed funds to meet regulatory minimums and other requirements associated with users’ business activity.
During this, The SEC has issued a statement It does not specifically refer to Robinhood or GameSpot by name, but does state that “extreme stock price volatility has the potential to expose investors to rapid and serious losses” that can “undermine market confidence.” “
You can now react to Facebook’s oversight board on Trump’s decision to suspend – The board states that the process of public comment is intended to incorporate a “diverse view” from third parties who want to share research that can inform their decisions.
Uber’s AutoCab takeover is overseen by UK competition watchdog – AutoCab builds booking and dispatch software for the taxi and private-hire vehicle industry.
Startup, Funding and Venture Capital
Coinbase is going public via direct listing – The company has raised over $ 540 million as a private company.
Firehawk Aerospace Increases Seed Money to $ 2.5M with $ 1.2M from Harlow Capital – Firehawk has developed a new type of hybrid rocket fuel that increases rocket launch safety, cost, and transportation using additive manufacturing.
SoftBank Yearmarks $ 100M for Miami-based Startups – The fund will refund companies that are in Miami or are planning to move there.
Additional crisis advice and analysis
Customer advisory boards are a gold mine for startup brand champions – Some ideas to make your customer advisory board successful.
Increasing African enterprise investment powers in 2020 – The exchange looks at a report by Briter Bridges, a research group focused on Africa’s private capital markets.
Subscription-based pricing is dead: smart SaaS companies moving to usage-based model – This growth is according to Open VP of Kyle Powers.
(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can sign up here.)
Johnson & Johnson’s COVID-19 vaccine is 85% effective against serious cases, and 66% effective per test data overall – Johnson & Johnson’s vaccine is a single shot rather than a two-course treatment.
‘Frozen’ CG Snow and crash-test cadres hint at 60-year-old Russian mystery death – New research goes further, using simulation techniques from several eras to explain what is perhaps the least plausible explanation for a tragic mystery.
When you participate in the TC Early Stage 2021 events, make big profit – TechCrunch Early Stage is a two-day virtual bootcamp that takes early founders to leading experts.
Daily Crunch is the roundup of TechCrunch among our biggest and important stories. If you want to have it delivered to your inbox every day at 3 pm in the Pacific, you can Subscribe here.