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.
Elon Musk gets preliminary permit for tunnel in DC; Air Force and Aerojet Rocketdyne renegotiating AR1 development agreement; and IdeaLab’s 3-D printer company New Matter shutting down.
Task management software Workast raises $1.85 million; Snap CEO Evan Spiegel defends Snapchat redesign; and Air Force moves to buy small rocket launch services.
Billionaire Peter Thiel moving to Los Angeles; custom packaging company Lumi raises $9 million; and DroneBase raises $12 million.
Billionaire investor Peter Thiel is reportedly moving his residence, as well as his venture capital firm and non-profit, to Los Angeles after expressing frustration with what he sees as Silicon Valley’s overwhelming liberal politics and diminishing opportunities for tech investing.
Electric scooter sharing startup Bird raises $15 million; Snap to provide analytics to top Snapchat creators; and SpaceX hits two milestones in plan for low-latency satellite broadband.
Electric scooter sharing startup Bird announced on Feb. 14 that it raised a $15 million Series A round.
City of Commerce-based Hollar Inc., operators of an online discount store, recently announced that it had deployed 100 “picker robots” to help with automating fulfillment services at its warehouse.
Leaf Group raises $23.3 million in secondary offering; online dollar store Hollar contracts with InVia Robotics; and plumbing monitoring company Phyn raises $10 million.
Leaf Group raised $23.3 million in a secondary public offering of its stock on Feb. 12.
California facing competition for video game industry; Snapchat’s new update triggers revolt by teens; and Tony Goncalves hired as CEO of Chernin Group and Otter Media.
California is facing increasing competition from states and national governments for its video game industry, according to a report scheduled to be released on Feb. 13 by the Milken Institute.
Silicon Beach Report Feb. 9: Snap Is Trying to Lure Instagram Advertisers by Offering Them Free Ads on Snapchat
Snap is trying to lure Instagram advertisers by offering them free ads on Snapchat; Elon Musk explains why SpaceX prefers clusters of small engines for the Falcon Heavy; and digital media drives entertainment employment growth in Los Angeles
Online sneaker sellers GOAT and Flight Club merge; Hulu lost $920 million in 2017; and U.S. military certification the next big test for Falcon Heavy.
Snapchat to broadcast live NBC’s Olympics Coverage; ZipRecruiter fundraising at nearly $1 billion valuation; and Tesla semi-truck rival Thor demonstrates vehicle.