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Garrett Reim

Stories by Garrett

Silicon Beach Report Aug. 22: Facebook Predicted to Lose Teens to Snapchat and Instagram

Facebook predicted to lose teens to Snapchat and Instagram, Uber and Lyft drivers protest their pay at LAX, and FreedomPop launches $49 per year mobile phone plan.

Platinum Equity Acquires British Aerospace Parts Distributor

Platinum Equity announced Monday plans to acquire United Kingdom-based aerospace and defense parts distributor Pattonair from Exponent Private Equity.

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Silicon Beach Report Aug. 21: Steve Bannon Returns to Brentwood’s Breitbart News

Steve Bannon returns to Brentwood’s Breitbart News, CNN launches daily Snapchat news show and SpaceX to unveil spacesuits next week.

Silicon Beach Report Aug. 18: NBC's Daily Snapchat Show Reaches 29 Million Views in First Month

NBC's daily Snapchat show reaches 29 million views in first month, Fisker Emotion to debut at CES 2018, and Q&A with Sophia Amoruso about new startup GirlBoss Media.

Los Angeles County Unemployment Rate Rises to 4.5 Percent

The unemployment rate in Los Angeles County inched up to 4.5 percent in July from a revised 4.4 percent in June, the state Employment Development Department reported Friday.

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Birth Date Website Touts Many Happy Returns

Famous Birthdays looks to social media celebrities to light candle under traffic.

Ever wanted to know which celebrities shared your birthday? Famous Birthdays of Santa Monica has made a business out of indulging that curiosity.

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Is Snap the New Myspace?

INTERNET: Facebook has Silicon Beach star in sights.

Former Myspace execs offer Snap some friendly social network advice on dealing with Facebook.

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Biotech Venture To Cut 300 Jobs

Patrick Soon-Shiong’s NantHealth to lay off 300 and sell off messaging platform software.

Silicon Beach Report Aug. 17: Faraday Future May Cut Electric Car Racing Team to Save Cash

Faraday Future may cut electric car racing team to save cash, alt-right social media network raises $1 million on StartEngine, and X Prize extends contest to land on the Moon.

Silicon Beach Report Aug. 16: Tronc and Investor’s Business Daily to Launch Paid Newsletter on Mutual Funds

Tronc and Investor’s Business Daily to launch paid newsletter on mutual funds, Apple co-founder Steve Wozniak joins Mojiit as advisor and retail inventory software company NuOrder raises $8 million.

Silicon Beach Report Aug. 15: City of Los Angeles Launches Cyberattack Warning Center

City of Los Angeles launches cyberattack warning center, US government demands details on visitors to anti-Trump website hosted by DreamHost, and UCLA Extension creates Innovation Lab program.

City of Los Angeles Launches Cyberattack Warning Center

L.A. Mayor Eric Garcetti on Tuesday announced the launch of the Los Angeles Cyber Lab, a public-private data-sharing center for alerting local businesses and residents to cyberattacks.

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Silicon Beach Report Aug. 14: L.A.’s MarketCast Acquires Fizziology

L.A.’s MarketCast acquires Fizziology, SpaceX launches Falcon 9 rocket with heavy load of scientific experiments, Snapchat debuts Crowd Surf, a video-stitching feature.

Silicon Beach Report Aug. 11: Snap Confirms Acquisition of Zeny for $213 Million

Snap confirms acquisition of Zeny for $213 million, Google's diversity controversy mocked in street art near its Venice office and Third Point sells all Snap shares.

Patrick Soon-Shiong’s NantHealth to Lay Off 300 Employees, Sell Health Care Software

NantHealth Inc. announced plans Thursday to lay off about 300 of its staff and sell its provider and patient messaging platform to Allscripts in a move that it expects to save the company more than $70 million annually, according to a filing with the Securities and Exchange Commission.

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Will Lawyers Favor Judge Database?

Gavelytics hopes to make case with courtroom information on L.A. Superior Court jurists.

Gavelytics hopes to court lawyers with its database on Los Angeles Superior Court judges.

Promotion Has New Look

LAFC uses virtual reality to share its vision of the team with potential sponsors and players.

3-D Printing Venture Sets Concrete Plans

Contour Crafting’s 3-D printers may help form a new future for home building.

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Rams Owner Scores E-Sports Team

Rams owner Stan Kroenke takes shot at e-sports with acquisition of Overwatch League squad.

Education Firm Forges Online Deal

Barnes & Noble Education picks up online tool sets with acquisition of Student Brands.

Silicon Beach Report Aug. 10: Snap Inc.’s Slow Second-Quarter Growth Disappoints Wall Street

Snap Inc.’s slow second-quarter growth disappoints Wall Street, Los Angeles Rams Owner Stan Kroenke buys e-sports team and DUI-test maker Ocular Data Systems funded by Pasadena Angels.

Snap Inc.’s Slow Second-Quarter Growth Disappoints Wall Street

The price of Snap Inc. shares fell as much as 15 percent to $11.69 a share in after-hours trading on Thursday, reflecting investor disappointment in Snapchat’s parent company following a second-quarter earnings report showed slow user and revenue growth.

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Los Angeles Rams Owner Stan Kroenke Buys E-sports Team

Los Angeles Rams owner Stan Kroenke and his son, Josh Kroenke, have purchased a franchise for a local e-sports team, according to Activision Blizzard’s Overwatch League, a professional video gaming competition.

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Silicon Beach Report Aug. 9: Los Angeles Times Cited by Google for 'Annoying' Ads

Los Angeles Times cited by Google for "annoying" ads, Faraday Future HR vice president departs, and Aerojet Rocketdyne’s AR1 rocket research costs about $228 million.

Silicon Beach Report Aug. 8: Walt Disney to Pull Content from Netflix and Launch Streaming Service

Walt Disney to pull content from Netflix and launch streaming service, TYT Network receives $20 million from investors including Jeffrey Katzenberg’s WndrCo and Hopscotch signs 40 collegiate programs for sports app.

Hopscotch Signs 40 Collegiate Programs for Sports App

Sports app developer Hopscotch of El Segundo announced on Monday that it signed up more than 40 athletic programs as customers last month.

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Silicon Beach Report Aug. 7: Faraday Future Leases 1 Million-Square-Foot Facility in Central California

Faraday Future leases 1 million-square-foot facility in central California, Virgin Galactic carries out ‘dry run’ ahead of powered SpaceShipTwo flights and Google developing Snapchat-like content.

Silicon Beach Report Aug. 4: Barnes & Noble Acquires Student Brands for $58.5 Million

Barnes & Noble acquires Student Brands for $58.5 million, Elon Musk $5 billion richer and more.

Barnes & Noble Acquires Student Brands for $58.5 Million

Barnes & Noble Education Inc. announced on Friday that it acquired Hollywood’s Student Brands, a developer of online writing and study tools, for $58.5 million in cash.

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‘FabLab’ Gives Northrop’s Engineers Room to Experiment for Fun, Profit

Innovation Station

Northrop Grumman has set up a “FabLab” to help launch projects by the company’s engineers.

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Buyer Locks Up Cybersecurity Firm for $240M

Pasadena-based Guidance Software’s digital forensics drew offer from OpenText.

Waterloo, Ontario-based OpenText, a content management system developer, is set to acquire forensic security firm Guidance Software Inc. of Pasadena for $240 million in cash.

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Silicon Beach Report August 3: Science Inc. Launches $100 Million Blockchain Fund

Science Inc. launches $100 million blockchain fund, Kryptos Logic researcher who stopped WannaCry arrested, Tesloop tests out electric freight shipping, and rumors of $30 billion Google buyout of Snap Inc. that never closed.

Silicon Beach Report August 2: Snap Looking to Buy Chinese Drone Maker Zero Zero

Snap looking to buy Chinese drone maker Zero Zero, Instagram’s daily use numbers beat Snapchat’s and Hyperloop One test pod reaches 192 miles per hour.

Silicon Beach Report Aug. 1: Snap Inc. Excluded from S&P 500 Due to Non-Voting Shares

Snap Inc. excluded from S&P 500 due to non-voting shares, vitamin startup Ritual raises $10.5 million, Virgin Orbit readies for Boeing 747 'Cosmic Girl' flight test, and Greycroft Partner launches investment fund targeting video games, virtual and augmented reality.

Greycroft Partner Launches Investment Fund Targeting Video Games, Virtual and Augmented Reality

Jon Goldman, a venture partner at downtown’s Greycroft Ventures, has closed $15.6 million in investment commitments for a new fund looking to back companies in the virtual reality, augmented reality and e-sports industries.

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Silicon Beach Report July 31: Snap Inc. Shares Dip After Lock-Up Ends

Snap Inc. shares dip after lock-up ends, e-sports audience analytics software maker raises $1.8 million and Ring launches spotlight cam.

Silicon Beach Report July 28: Whisper Lays of 20 Percent of Staff

Whisper lays of 20 percent of staff, SpaceX raises $350 million as valuation rockets to $21 billion, and Will.i.am’s company buys smart home company Wink for $39 million.

Deal Doesn’t Fly For Wi-Fi Provider

In-flight Wi-Fi provider Golden Eagle disconnects from $416 million Chinese deal.

Silicon Beach Report July 27: Virtual Reality Studio Within Raises $40 Million

Virtual reality studio Within raises $40 million, PCM Inc. share price falls 25 percent and TenOneTen raising $50 million fund.

Silicon Beach Report July 26: Global Eagle to Cancel $416 Million Deal With Chinese Firm Over National Security Concerns

Global Eagle to cancel $416 million deal with Chinese firm over national security concerns, Guidance Software acquired for $240 million, and Elon Musk reveals car elevator at Boring Co. site.

Global Eagle to Cancel $416 Million Deal With Chinese Firm Over National Security Concerns

National security concerns have forced Global Eagle Entertainment, an in-flight Wi-Fi service, to cancel a $416 million investment agreement with China’s Beijing Shareco Technologies to create a new joint venture for the Chinese market.

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Silicon Beach Report July 25: Modular Construction Startup Emagispace Raises $4.2 Million

Modular construction startup Emagispace raises $4.2 million, ABC News forms production partnership with ATTN:, and Elon Musk disses Mark Zuckerberg’s understanding of the dangers of artificial intelligence.

Silicon Beach Report July 24: Internet Brands to Buy WebMD for $2.8 Billion

Internet Brands to buy WebMD for $2.8 billion, Hulu names Google veteran as marketing executive, and ‘Game of Thrones’ Snapchat lens reaches 45 million people.

Internet Brands to Buy WebMD for $2.8 Billion

Internet Brands Inc. of El Segundo announced an agreement Monday to acquire online medical information company WebMD for $2.8 billion.

Silicon Beach Report July 21: Cinq Music Raises $20 Million Series B

Cinq Music raises $20 million Series B, Snap Inc. selling Spectacles in Harrods of London, and Snap Inc. hires Swiss team behind anti-reverse engineering software.

New FAA Rules Give Drones More Film Roles

TECHNOLOGY: Certificate in place of pilot’s license among changes to ease way.

Drone filming companies say new FAA rules have helped business take off.

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Investment Powers Up Maker of In-Body Batteries

FrontEdge Technology pulls in $2.7 million for razor-thin product for medical devices.

FrontEdge Technology Inc. raised $2.7 million from a couple of undisclosed investors last month to further develop a razor-thin battery for in-body medical devices.

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Rubicon Project Buys Ad Software Firm for $38.5M

Software developer clicks with Playa Vista ad exchange Rubicon Project in $38.5 million deal.

Silicon Beach Report July 20: Elon Musk Claims ‘Verbal Approval’ for Hyperloop Route From NY to DC

Elon Musk claims ‘verbal approval’ for hyperloop route from NY to DC, Falcon Heavy launch has “good chance” of failure says Elon Musk, and Hulu signs 3,000-episode distribution deal with 20th Century Fox.

Elon Musk Claims ‘Verbal Approval’ for Hyperloop Route From NY to DC

Elon Musk said on Thursday that his Boring Co. received “verbal approval” to build an underground hyperloop system from Washington, D.C., to New York.

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