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2/9/2021: What’s Going On

Coca-Cola, Disney+ and more from around the business world.
(Monticello)
(Monticello)
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“The Tampa Bay Buccaneers’ lopsided win over the Kansas City Chiefs combined with a pandemic that prevented many from attending big viewing parties in homes and bars led to the smallest audience for a Super Bowl since 2007. About 96.4 million people watched ageless wonder Tom Brady lead the Buccaneers to a 31-9 Super Bowl victory over the defending champion Chiefs on CBS, a 5.5% decrease from the 102 million that saw last year’s much closer and coronavirus-free match between the Chiefs and San Francisco 49ers on Fox.”

“Coca-Cola Co. is introducing 100% recycled plastic bottles in the U.S.—a major shift in its sustainability strategy. The company responsible for more plastic pollution than any other, according to the Break Free From Plastic Campaign, once advocated for plant-based bottles that don’t use fossil-fuel inputs. Its new focus, Coca-Cola says, is a substantial step in combating the plastic waste that clogs the world’s waterways. The new recycled Coke bottles will reduce the company’s use of new plastic by more than 20% across its North American portfolio compared to 2018, according to the company.”

“Being cast as a villain in the Reddit-fueled GameStop trading saga is doing little to damage Robinhood’s popularity. The no-fee brokerage app has continued to lead industry downloads, defying expectations that a user exodus would follow the howls of anger that greeted its move to block purchases of some hot stocks last week. Robinhood Markets will make a bid to capitalize even more on the trading mania this Sunday, when it’ll run a Super Bowl ad that tells potential customers ‘You don’t need to become an investor, you were born one.’”

Companies Raising Capital
NameAmountDescription
RapidSOS$85 MillionBig Data Platform Aimed At Emergency Responders
Symend$43 MillionPlatform That Helps Customer Avoid Defaulting On Bills
Fabric$43 Million“Headless” E-Commerce Platform Powering Solutions For Companies Like GNC And ABC Carpet And Home
LyteLoop$40 MillionLaunching Satellites That Use Light To Store Data
SplashLearn$18 MillionGame-Based Edtech Platform
Homa Games$15 BillionHyper Casual Game Publisher

“The number of help-wanted ads returned to pre-pandemic levels in January, particularly among industries that have weathered the pandemic relatively well, a sign that hiring could pick up from its sluggish pace at the start of the year.”

“The Justice Department on Monday dropped its challenge of California’s net-neutrality law, in what may signal a shift back to an Obama-era policy aimed at equal access to the internet.”

“Maybe you’ve heard: The pandemic is killing cities, fueling a rush to spacious houses in the suburbs. But beyond pricey New York and San Francisco, real estate demand is booming in downtowns across America.”

“The developer of the science-fiction action game “Cyberpunk 2077” said its internal systems were breached in a cyberattack and has declined to pay a ransom to retrieve compromised data.”

“The launch of Disney+ has brought a bit of magic to a company whose stock had taken a nosedive after the coronavirus shut down theme parks and movie theaters. WSJ explains how Disney’s streaming platform has become a top competitor in an already crowded field.”

“SpaceX once again widened the scope of the public beta test of its Starlink satellite internet service, with Elon Musk’s company on Monday beginning to accept preorders from potential customers.”

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