Snapchat has lead in augmented reality, Faraday Future founder steps down from CEO role at LeEco, and Hulu signs exclusive video-on-demand deal for ABC’s ‘Fresh Off the Boat.’

Snapchat Has Lead in Augmented Reality

In 2017, 40 million people in the U.S. are projected engage with some form of augmented reality at least once monthly, up 30.2 percent from over last year, according to a forecast by eMarketer. Users of Snapchat Lenses comprise the vast majority of the people engaging with augmented reality.

Faraday Future Founder Steps Down from CEO Role at LeEco

Faraday Future’s founder, Jia Yueting, stepped down from the role of chief executive at the publicly traded unity of LeEco, reports Reuters. The company has started to streamline and cut its debt after rapid spending on expansion efforts led to a cash crunch.

Hulu Signs Exclusive VOD Deal for ABC’s ‘Fresh Off the Boat’

Hulu signed exclusive video-on-demand deal for ABC’s show ‘Fresh Off the Boat,’ reports Variety. The acquisition is part of a new licensing agreement with Twentieth Century Fox Television Distribution, granting Hulu access to all past episodes of the series.

Send tips on L.A. tech companies and startups to reporter Garrett Reim via greim@labusinessjournal.com. Follow @garrettreim on Twitter for the latest in L.A. tech news.