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[The Daily Crunch logo]( Wednesday, January 27, 2021 ⢠By [Anthony Ha]( Reddit users have some fun with the stock market, Facebook predicts advertising challenges and ByteDance is cutting jobs in India. This is your Daily Crunch for January 27, 2021. [The big story: GameStop becomes a meme stock]( GameStop’s stock continued to climb today, along with Blockbuster and AMC â all stocks shorted by institutional investors. These gains were [apparently driven by users in the r/WallStreetBets subreddit](. We’ve rounded up the fairly non-committal [statements from various trading apps]( like Robinhood about how they’re responding to this volatility. And Lucas Matney [asks how this might affect cryptocurrencies](: “For investors looking to have a good time or shoot the moon, meme stocks are a more fun place to be than crypto is.” [Read more]( [The big story: GameStop becomes a meme stock image] Image Credits: champc / Getty Images [Do business smarter with intelligent contracts]( Sponsored by [Conga]( [Contracts govern over 80% of transactions and value in an average organization. Ditch manual contract processes and opt for an end-to-end solution that streamlines, automates, and increases visibility. Learn more in the Ultimate Guide to Contract Management.]( [Read more]( The tech giants [Facebook predicts âsignificantâ obstacles to ad targeting and revenue in 2021]( â While Facebookâs fourth quarter earnings report included solid user and revenue numbers, the company sounded a note of caution for 2021. [SAP launches âRISE with SAP,â a concierge service for digital transformation]( â RISE is a subscription service that combines a set of services and product offerings. [ByteDance is cutting jobs in India amid prolonged TikTok ban]( â The company employs more than 2,000 people in India. [The tech giants image] Image Credits: Graeme Jennings-Pool / Getty Images Startups, funding and venture capital [SoftBank teams with home goods maker Iris Ohyama for new robotics venture]( â The newly formed Iris Robotics has set an extremely aggressive goal of $965 million in sales by 2025. [Literati raises $40M for its book club platform]( â CEO Jessica Ewing told me that sheâs trying to build the first ânew, innovative booksellerâ since Amazon launched 25 years ago. [Renewable investment wave continues as solar lending company Loanpal raises $800M]( â The $800 million commitment to Loanpal arrives alongside a flurry of climate commitments from some of the worldâs largest investors. [Startups, funding and venture capital image] Image Credits: SoftBank Robotics Advice and analysis from Extra Crunch [How two startups scaled to $50M ARR and beyond]( â The Exchange examines OwnBackup and Assembly. [Dear Sophie: How can I sponsor my mom and stepdad for green cards?]( â The latest “Dear Sophie,â the advice column that answers immigration-related questions about working at technology companies. [Check out the amazing speakers joining us on Extra Crunch Live in February]( â Weâll take a look at funding deals through the eyes of the founders and investors who made them happen. (Extra Crunch is our membership program, which helps founders and startup teams get ahead. [You can sign up here](.) [Advice and analysis from Extra Crunch image] Image Credits: Nigel Sussman Everything else [Battling algorithmic bias at TC Sessions: Justice]( â At TC Sessions: Justice on March 3, weâre going to dive head-first into data discrimination, algorithmic bias and how to ensure a more just future. [Everything else image] Image Credits: TechCrunch [Read more stories on TechCrunch.com]( Newest Jobs from Crunchboard - [Sr. Rails Developer - HealPay (Remote, USA) at HealPay (Web Applications) (Ann Arbor, MI, USA)](
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