The GameStop stock legend continues, Apple launches more information about its personal privacy modifications and Qualtrics goes public. This is your Daily Crunch for January 28, 2021.
The huge story: Robinhood limits GameStop trading
Robinhood has actually reacted to an upswing in retail financiers purchasing shares in business like GameStop, AMC and Smash Hit by restricting trading on “certain securities” to “place closing just,” implying that users can no longer purchase more of the business’ stocks. (It states it will allow “limited buys” tomorrow.)
This follows the present purchasing spree– targeting stocks shorted by institutional financiers and stimulated by the WallStreetBets online forum on Reddit– took Robinhood and Reddit to the top of the app charts.
Now, Robinhood is being struck with many 1-star evaluations, and the relocation likewise attracted criticism from politicians on both sides of the aisle, with Rep. Alexandria Ocasio-Cortez explaining it as “inappropriate” and Senator Ted Cruz tweeting, “Totally concur.”
The tech giants
Apple’s App Tracking Transparency feature will be enabled by default and arrive in ‘early spring’ on iOS— The strategy is to introduce these modifications in early spring, with a variation of the function can be found in the next iOS 14 beta release.
Qualtrics prices IPO at $30 per share, above its upgraded target range— The business offered 50.4 million shares in the procedure.
Twitter is already working on integrating newsletters on its site, following its Revue acquisition— It appears “Newsletters” will quickly be the most recent addition to Twitter’s sidebar navigation.
Start-ups, financing and equity capital
Workday acquires employee feedback platform Peakon for $700M— Peakon states business have actually utilized its platform’s weekly studies to ask more than 153 million concerns given that beginning 6 years back.
Fintech darling Nubank raises blockbuster $400M Series G at $25B valuation— The fintech business now has 34 million consumers.
Flowhaven raises $16M to evolve brand licensing management beyond emails and spreadsheets— The media licensing organization is a huge market, however much of the work included is still dealt with by hand through e-mails and spreadsheets.
Recommendations and analysis from Additional Crunch
Thirteen investors say lifelong learning is taking edtech mainstream— As students end up being more multi-layered and nuanced, so have the edtech business that back them.
Talent and capital are shifting cybersecurity investors’ focus away from Silicon Valley— Resolving the cybersecurity issue will take more time and resources than we are presently assigning.
Mind the gap: E-commerce marketers should revise their TAM and SAM estimates— 2021 is going to be another marvelous year for e-commerce.
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Smartphone sales slowed decline in Q4, with a big assist from Apple— The previous year was, obviously, a significant blow to a market currently suffering a slide.
GM pledges to be carbon neutral by 2040 with zero tailpipe emission vehicles by 2035— It’s a huge action for a business whose items are accountable for a big portion of worldwide greenhouse gas emissions.
UCLA is building a digital archive of mass incarceration with a new $3.6M grant— The “Archiving the Age of Mass imprisonment” effort is being led by Kelly Lytle Hernandez, director of the university’s Bunche Center for African American Researches.
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