Stories by Eli
Shares continue to dip as number of new users for messaging app disappoint
Snap’s CFO out; Amazon’s former VP in.
Hulu inks deal with Vice; CUJO AI lands Series B; Los Angeles to receive Verizon 5G before 2019.
Quarterback gets $2.5 million to boost e-sports efforts; European Court rules against Netflix; Block 5 returns unscathed.
Atom Tickets inks deal with Landmark Theatres; Ride Share companies waive arbitration for sexual misconduct cases; Tinder gets settlement from Tantan.
U.S. Supreme Court legalizes sports betting; Snap Inc. officially tweaks App; Facebook suspends 200 Apps.
The United States Supreme Court ruled by a vote of 6-3 to lift the federal ban on sports betting and put the matter at the hands of each state. The ruling gets rid of a 1992 law that made sports betting outside of Nevada, as well as a few other exceptions, illegal.
SpaceX launches Block 5 after aborting Thursday; Millenials have strong feelings over Snapchat redesign; Overwatch Finals moved to Brooklyn.
Uber to test air taxis in Los Angeles; Snapchat hosts Creators Summit; Arrowroot pours $38 million into ClickFox.
Ring launches Neighbors app; SpaceX Block 5 strives for reusability, Cornerstone OnDemand adds to board.
ServiceTitan named Top 25 cloud company to work for; Fandango and Atom Tickets partner with
Google partners with Fandango; Layoffs at Uproxx Media Group; lawmakers call for diversity in tech.
Startup to use funds from Sequoia to add 50 workers, target drivers outside state
Trucking app developer gears up to hire and expand on the tail of a recent funding round.
TECHNOLOGY: Data gleaned from passersby key
Manhattan Beach-based startup Accretive Media sees enormous potential in a blend of Bid Data and smart billboards.
Hulu hits 20 million subscribers; eHarmony data scientist hired by Facebook; On-Demand car wash coming to Los Angeles.
Soothe raises $31 million, heads to Vegas; Snap doubles down on redesign; SpaceX commercial missions delayed.
Snapchat stock plummets; Apple stock rises; Tech recycler sentenced to 15 months.
LeaseLock lands $10 million; Disney inks deal with Twitter; Hyperloop for cargo in the works.
Marina Del Rey-based LeaseLock, an insurance startup that eliminates the security deposit for renters in exchange for a minimum $19 monthly payment, announced a $10 million Series A funding round.
TECHNOLOGY: Key Apple supplier aims to diversify
What may have motivated Foxconn’s recent purchase of Belkin International?
Snapchat drops $150 sunglasses; Kino Industries partners with Fox for “Choose Your Own Adventure” film; GDC Technology announces “Netflix for Cinema.”
Next Trucking to hire 50 employees; RealD inks extension with Cinemark; Bot bill passes next test.
Reliam acquires Stratalux; Aviron bets on interactive movies; ICX Media opens Los Angeles office.
Reliam, a South Bay-based company that manages public cloud platforms for other businesses, announced it has acquired Stratalux, another South Bay-based cloud services company. Both Reliam and Stratalux work with Amazon Web Services and Reliam also works with Microsoft Azure.
Netflix to raise another $1.5 billion for original content; Postmates creates 2,000 jobs in Los Angeles; Boeing invests in Morf3D.
Ares Management, a Los Angeles-based asset management company, added 159,000 square meters of office space across seven properties in Germany, the Netherlands, Austria and Finland to its real estate portfolio. The company declined to disclose the purchase price.
Saviynt raises $40 million; Snoops Dogg’s Casa Verde invests in Green Bits; USC earns top-10 spot for video game development programs.
The University of Southern California ranked No. 2 on a list of top 10 universities for video game development programs, according to Sherman Oaks-based 80 Level, an online publication covering the gaming industry.
Canter’s Deli heir confronts online order frenzy with new streamlined app
Canter’s Deli has been a Los Angeles staple since 1931 and still serves the classic fare that helped make the restaurant an iconic Los Angeles hangout.
COMMUNICATIONS: Strong economy, tax revenue keys
How L.A. advertising, lobbying and public relations firms performed in 2017.
Surf Air, the Los Angeles-based airline that offers unlimited flights for a monthly subscription, announced partnerships with JetClass and BLADE, giving customers access to additional domestic and international locations.
TheWaveVR raises $6 million for Los Angeles office; PatientPop adds to leadership team; Snapchat seeks boost in advertisement revenue with Shoppable AR.
Tala raises $65 million to move into Mexico and India; Hyperloop lands deal for first commercial Hyperloop system in UAE; j2 Global acquires ThreatTrack, Lifescript.
PMK*BNC, the largest public relations firm in Los Angeles, according to the Business Journal’s 2018 list based on number of employees in L.A. County, announced that Michael Nyman, the current co-chief executive and co-chairman, will be leaving the firm to start Acceleration, an investment and advisory firm focused on marketing and media. No timetable has been announced for his departure.
AppOnboard raises $15 million in Series A funding round; San Francisco to Bird: ‘Cease and desist;’ Elon Musk’s Boring Co. raises $112.5 million.
AppOnboard, a Los Angeles based mobile technology platform that creates demos for apps, announced a $15 million Series A round led by Korea Investment Partners (KIP) with contributions from Mirae Asset Management, Mantaray, MTG and Runa Capital. The capital infusion brings their total funding to $20 million.
SpaceX to build Big Falcon Rocket; Bridg acquires Relevant Mobile; bill to identify bots passes Senate Committee.
Mayor Eric Garcetti announced April 16 during his state of the city address that Elon Musk’s SpaceX will start building the largest rocket ever, Big Falcon Rocket (BFR), on Terminal Island in the Port of Los Angeles.
Too many robots for Elon Musk;SpaceX worth $25 billion; Fika Ventures pours $8 million into PullRequest
L.A. seed funding up from Q1 2017; Amazon drops price of Ring Doorbell; Former Sony CEO Andrew House joins KEYPR’s advisory board.
Amazon.com Inc. didn’t waste any time dropping the price of Ring Inc.’s video doorbell to $99.99 from the prior retail price of $149.99. The announcement came on April 12 at the same time Amazon and Ring officially closed the $1 billion acquisition.
Hulu and Spotify announce bundle subscription; Facebook made $40 billion in ad revenue in 2017; Snap Inc. files FCC documents for next-generation sunglasses.
Poll shows Facebook least-trusted tech company; Hulu partners with NHL; Amazon bringing Whole Foods grocery delivery to Los Angeles.
Uber acquires Jump; SPIDR raises $2.5 million; Flyr adds $1 Million.
Less than a week after announcing a $14.75 million fundraising round, Spring Labs announced the creation of an advisory board to help them grow the Spring Network, a decentralized blockchain platform that enables lenders, data providers and banks to exchange identity and credit information securely.
Netflix makes offer to buy L.A. billboard company; car-sharing app moves into Los Angeles; Postmates and DoorDash mulling merger.
TECHNOLOGY: Glendale pair ply “least sexy” trade
Business app for plumbers and electricians raises $62M, plans to staff up.
Dave Inc. investors include Mark Cuban, adds new features
Personal budgeting app lands $13.3M in funding from Mark Cuban, Section 32.
PeerStreet raises $29.5 million in Series B; Aerospace Corp. gets $2.85 million grant from NASA; Waze causing accidents on Echo Park’s Baxter Street.
El Segundo-based PeerStreet, a platform for investing in real estate-backed loans, announced a $29.5 million Series B funding round, led by World Innovation Lab. The round also includes existing investors Andreessen Horowitz, Thomvest, Colchis Capital, Felicis Ventures, Solon Mack and Navitas Capital. The company said it will use the money for hiring and to add new types of real estate loans.
Fullscreen acquires Reelio; Facebook data breach bigger than initially reported; Spotify opens at $30 billion.