As reported on Business Insider:
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- Kia’s shares jumped on rumors Apple might invest $3.6 billion. Korean media reported the rumored deal, saying the two firms will build Apple cars at Kia’s Georgia facility.
- YouTube is a revenue powerhouse for Google. Ad revenue rose 46% year-on-year to almost $7 billion for the final quarter of 2020, accounting for about 15% of Google’s total ad revenue.
- Amazon reportedly posted anti-union messages in warehouse bathrooms. According to The Washington Post, a sign posted on the back of stall doors read: "Where will your dues go?"
- Robinhood downloads surged despite the memestock backlash. It was downloaded 2.1 million times in the US on the Google Play Store and Apple’s App Store, per Senor Tower data.
- Parler’s CEO said he was fired. John Matze told employees the company’s board of directors fired him last week, Fox Business reported.
- GameStop hired an Amazon veteran as CTO. Former AWS engineering lead Matt Francis will oversee "e-commerce and technology functions" at GameStop as the much-traded company tries to transition away from physical retail.
- Exclusive: Partners at Robinhood backers Sequoia also invested in Melvin Capital. When Robinhood’s traders rushed into names like GameStop, Melvin lost 53% last month.
- Premium: Payoneer is joining in the SPAC frenzy. The New York payments startup is the latest late-stage tech company set to go public via a blank-check company merger, shooting for a $3.3 billion valuation.
- Exclusive: Google’s rivals are circling after its threats to quit Australia. Execs at Microsoft’s Bing, Ecosia, and privacy-focused DuckDuckGo slammed Google for its threats, and said they’re committed to providing search.
- Fintech came for Super Bowl ads. Trading app Robinhood and "buy now, pay later" startup Klarna both unveiled their debut ads for the Super Bowl ahead of Sunday.
Source: Business Insider
Author: email@example.com (Shona Ghosh)
Date: 2021 02 04
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