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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.
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.
Rubicon Project signs SoundCloud, Elon Musk is seriously pursuing tunneling as a business, and GM deploys 100 electric cars for car sharing program in Los Angeles.
ENERGY: Deal plugs Zon’s power invention at shops.
Zon hopes to help cover customers’ power needs with its device-charging solar umbrellas.
Tinder acquires Snapchat-like app Wheel, Snap Inc. aims to raise as much as $3.2 billion in IPO, and Disney’s Maker Studios is eyeing layoffs.
Tinder announced on Thursday that it had for an undisclosed amount acquired General Specific Inc., the developer of Wheel, a video-and-picture slideshow app.
Fika Ventures raises $40 million seed fund, Musk posts tweet opposing Muslim ban, then deletes it, Imax opens flagship virtual reality center on Fairfax, and more.
Fika Ventures has raised a $40 million seed fund to invest in business-to-business companies developing software products for finance, online marketplaces, and healthcare.
Seed-stage companies in Los Angeles received a total of $369 million in funding in 2016, according to report from Venice tech accelerator Amplify.LA.