Snap Inc. justifies $20 billion valuation with user engagement, DirecTV Now claims more than 200,000 subscribers in first month, and Warner Bros. to run first Snapchat puzzle lens ad.
Glendale-based healthcare company Apollo Medical Holdings Inc. was this week’s biggest mover, gaining 20 percent to end at $10.24. Ares Management was also among the week’s movers. The Los Angeles-based global alternative asset manager gained 16 percent to end at $20.30. Santa Monica-based media company Entravision Communications was the week’s biggest loser, dropping 21 percent to end at $5.10.
INTERNET: Digital denizens sold on brick-and-mortar’s pull.
Physical stores still attract e-tailers as a means to build sales and brands.
Two Bit Circus raises $15 million to launch amusement park, Nasdaq and New York Stock Exchange fight to host Snap Inc.’s IPO, and Hyperloop One hires former Uber, Google executive as CFO, and more.
Two Bit Circus is taking a break from its traveling carnival work to build a 30,000-square-foot amusement park in Los Angeles.
Hulu to allow users to download shows to their phones, Hyperloop Transportation Technologies eyes European network, and TeamDom raises $1 million to sell advertisements from influencers.
Mitú to create Latino content for MLB, Snap Inc. secrecy culture may clash with the requirements of a public company, and Seinfeld’s “Comedian’s in Cars” leaving Crackle for Netflix.
Latino media company mitú has signed a content deal with Major League Baseball to promote baseball to young Latino audiences.
Snapchat IPO investors won’t get voting power, Wilcon plans to wire downtown Los Angeles to aid increased cell demand, DirecTV Now customer complaints growing, and more.
To serve growing bandwidth demand from wireless phone companies, telecommunications firm Wilcon announced plans to expand and then connect its fiber-optic network to hundreds of small cellular sites in downtown Los Angeles.