As the GameStop stock saga continues, Apple releases more information about its privacy changes and Qualtix goes public. This is your daily crunch for January 28, 2021.
Big Story: Robinhood prohibits GameStop trading
Robinhood has responded to a fluctuation in retail investors buying shares in companies like Gametop, AMC and Blockbuster Restricting trade on “certain securities” To “close the status quo”, meaning that users can no longer buy more shares of companies. (Call it This will allow “limited buys” tomorrow.)
This comes after the current purchase – targeting stocks depleted by institutional investors and sponsored by the Walvetbets Forum on Reddy. Robinhood and reddit took At the top of the application chart.
Now, Robinhood is being hit with many 1-star reviews, and the move as well Drew criticism from politicians on both sides of the aisleWith rape. Alexandria Ocasio-Cortez tweeted, describing it as “unacceptable” and Senator Ted Cruz “completely agreed.”
Apple’s App Tracking Transparency feature will be enabled by default and will arrive in ‘early spring’ on iOS – These changes are planned to be launched in the early spring, with a version of the feature coming in the next spring 14 beta release.
Qualitrix has priced the IPO above its upgraded target range to $ 30 per share – The company sold 50.4 million shares in the process.
Twitter is already working on integrating newsletters on its site after its review takeover – It seems that “newsletters” will soon be the newest addition to Twitter’s sidebar navigation.
Startup, Funding and Venture Capital
Weekday acquires employee response platform PECON for $ 700M – Pecon says companies have used their platform’s weekly survey to ask more than 153 million questions since inception six years ago.
Fintech Darling Nubank Raises Blockbuster $ 400M Series G at $ 25B Valuation – The fintech company now has 34 million customers.
Floweven raises $ 16M to develop brand licensing management beyond email and spreadsheets – The media licensing business is a mass market, but most of the work involved is still handled manually via email and spreadsheets.
Additional crisis advice and analysis
Thirteen investors say lifelong learning is taking EdTech mainstream – As learners become more multi-layered and granular, edtech companies have returned them.
Talent and capital are the focus of cyber security investors away from Silicon Valley – It will take more time than the time and resources it takes to solve the cyber security problem.
Keep in mind the difference: E-commerce marketers should revise their TAM and SAM estimates – 2021 is going to be another great year for e-commerce.
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With a major support from Apple, smartphone sales declined in Q4 – Last year was, of course, a major setback for an industry already suffering a slide.
GM pledges to be carbon neutral by 2040 with zero tailpipe emission vehicles by 2035 – This is a major step forward for a company whose products are responsible for a large percentage of global greenhouse gas emissions.
UCLA is creating a digital archive of mass clutter with a new $ 3.6M grant – The “Archiving the Age of Mass Incorporation” effort is being led by Kelly Little Hernandez, director of the University’s Banche Center for African American Studies.
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