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SpaceX plans to send tourists around the Moon, HomeHero shuts down after shift to employee model, and RealD acquires MasterImage’s assets.
Space Exploration Technologies Corp. announced plans this afternoon to send two tourists around the Moon by the end of 2018.
Aerojet Rocketdyne buys missile maker, Snap founders tighten grip on voting power in response to one investor, and how Nasty Gal fell from $85 million in sales to bankruptcy.
Evan Spiegel was in London for the Snap Inc. roadshow, offering up what one local paper called a “sleek presentation.”
ENERGY: Busted Firm Seeks Break
Bankrupt Breitburn requests more time to file its reorganization plan.
TECHNOLOGY: Centers aim to prove to consumers that new medium worth a look.
Virtual reality startups open arcades to test how game consumers are for the medium.
INTERNET: Wix’s pickup of DeviantArt almost derailed by shaky fall appointment
Israeli web development company Wix said last week that it had purchased popular West Hollywood-based online artist platform DeviantArt for $36 million, including $3 million in assumed debt.
MANUFACTURING: Mattel partners with Alibaba with eye on forming media tie-ins.
In a move that appears to follow in the footsteps of rival toymakers Lego Group and Hasbro Inc., El Segundo’s Mattel Inc. partnered on Feb. 14 with Chinese e-retailer Alibaba Group to develop content centered on Mattel brands for Chinese consumers.
DeviantArt sold for $36 million, AirMap raises $26 million in round led by Microsoft Ventures, and Disney laysoff 80 Maker Studio employees.
The city of Los Angeles is planning to donate rent-free space to the recently launched Clean Energy Smart Manufacturing Innovation Institute.
Global Eagle stock plunges after CEO and CFO resign, AwesomenessTV CEO Brian Robbins resigns, microfinance startup Tala raises $30 million, and more.
Global Eagle Entertainment Inc.’s stock fell 23.9 percent to $4.48 a share on Tuesday, after the company’s chief executive officer, Dave Davis, and its chief financial officer, Tom Severson resigned abruptly the day before.
Goldman Sachs predicts $2 billion in revenue for Snap Inc. in 2018, Breitbart editor Milo Yiannopoulos resigns after controversial statements surface, Disney demonstrates wireless charging technology, and more.
WhatsApp updates with Snapchat-like vanishing content, SpaceX lands its latest Falcon 9 rocket booster, media buying on Snapchat confuses advertisers, and more.