Grindr considers China IPO; Santa Monica picks four scooter companies for pilot program; California carbon-free utility measure heads to Governor Brown
West Hollywood-based queer dating app Grindr is reportedly considering an IPO in China, according to Socaltech. A regulatory filing posted today came from Chinese outfit Kunlun Group, which has a majority stake in Grindr.
As of Aug. 30, Bird Rides Inc., Neutron Holdings Inc.’s Lime, Uber Technologies Inc. and Lyft Inc. are authorized to participate in a 15-month pilot program in the city of Santa Monica, the Business Journal reports. Bird and Lime will operate 750 scooters each, while Uber and Lyft will have fleets of 250 e-scooters and 500 e-bikes. The four companies were selected from a pool of eight evaluated by the city.
California Senate passed on Aug. 29 SB 100, a bill which would require state utilities to be 100 percent carbon-free by 2045. Next, the bill heads to the desk of Governor Jerry Brown, who is expected to sign it into law. Arstechnica reports that if signed, the bill will be one of the most aggressive clean energy mandates in the country, second to Hawaii’s similar commitment.
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