Spiegel’s style analyzed by WSJ, three STEAM organizations team up, LA battery storage effort gets $100M
Snap Exec Style in the Spotlight
Snap Inc. CEO Evan Spiegel’s management style and his handling of a poorly received redesign of the messaging app are at the center of a Wall Street Journal profile of the company that include predictions from some analysts that Snap will continue to see losses over the next two years.
Two Bit Circus Foundation, LA Makerspace, Imagination.org Merge
Two Bit Circus Foundation, the nonprofit arm of LA-based Two Bit Circus, has joined forces with LA Maker Space and Imagination.org. Together the three organization will continue to promote STEAM (science, technology, engineering, arts and math) education. According to SoCalTech, the deal will help the organizations reduce overhead and increase impact
$100M for SoCal Ed Battery Storage
An arm of Australia-based Macquarie Group closed on $100 million in debt financing to build a network of battery storage sites in western Los Angeles and surrounding counties designed for certain electricity-constrained areas in Southern California Edison’s service territory, the Los Angeles Business Journal reports. Macquarie said that the debt funding is part of a 52-megawatt (MW) project for SoCal Edison in the West Los Angeles Basin, which is a sprawling area bounded by the Santa Monica mountains to the north and Santa Ana mountains to the southeast.
