Snap CEO Evan Spiegel sold $50 million in stock; NASA certifies Falcon 9 for science missions; and federal judge bars California’s actor-age censorship law.
Snap Chief Executive Evan Spiegel sold $50 million in stock this week, his first public sale since the company’s initial public offering last year, reports Recode. The sale, which was executed as part of a prearranged sales plan that executives often use to avoid concerns over insider trading, was a small amount of Spiegel’s total holdings – a little more than 1 percent.
NASA has certified the current version of the SpaceX Falcon 9 to launch some categories of science missions, a milestone needed for the upcoming, but delayed, launch of an astronomy spacecraft, SpaceNews reports. SpaceX Falcon 9 is now certified to launch the NASA Transiting Exoplanet Survey Satellite later this spring.
A federal court judge has barred California’s legislation requiring that subscription entertainment database sites remove an actor’s age, if requested by the actor, Variety reports. IMDb is a subsidiary of Amazon and had contended in its suit that the law, which applies only to subscription sites such as IMDb Pro, was unconstitutional.
Technology reporter Garrett Reim can be reached at firstname.lastname@example.org. Follow him on Twitter @garrettreim for the latest in L.A. tech news.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Silicon Beach Report Nov. 29: Proofpoint to Acquire Secure Browser Developer Weblife for $66 Million
- Silicon Beach Report May 2: Soothe Raises $31 Million, Heads to Vegas
- Silicon Beach Report April 17: Telecom Firm Wilcon Acquired for $600 Million by Crown Castle Corp.
- Silicon Beach Report: Meg Whitman Tapped as Chief Executive of Katzenberg’s WndrCo
- Silicon Beach Report Jan. 5: Snap’s Unusual Structure Led to Breakthroughs, But Also Problems
- Silicon Beach Report April 5: GumGum Sinks Teeth Into New Dental Venture
- Silicon Beach Report Oct. 4: Snap Inc. Sold 150,000 Spectacles
- Silicon Beach Report Jan. 15: Sheryl Sandberg, Jack Dorsey Won’t Seek Re-Election to Disney Board