Bumble countersues Match; Snap announces additional firing round; Wondery gets $5 million.
Bumble said it was seeking $400 million from Match, which owns popular dating app Tinder, because it obtained sensitive competitive information through deceptive means and has wrongfully disparaged its competitor in the investment market, Reuters reports. The lawsuit, filed in a Texas state court, comes two weeks after Match brought a lawsuit against Bumble alleging intellectual property infringement.
Snap is firing around 100 people, primarily from the company’s sales side, Recode reports. It’s the third round of layoffs for Snap since the beginning of the year; the company also restructured its content teams in January and laid off around 120 engineers earlier this month.
Wondery, the podcasting startup behind Dirty John, American History Tellers and Business Wars, has raised $5 million from a group of investors led by Greycroft, Lerer Hippeau Ventures and Shari Redstone's Advancit Capital, according to Businesswire. The company plans to grow its roster of podcasts and further build out its staff, CEO Hernan Lopez told The Hollywood Reporter. Wondery's investors also include BAM Ventures, Watertower Ventures, Fox Networks Group and BDMI.
Technology reporter Eli Horowitz can be reached at firstname.lastname@example.org. Follow him on Twitter @coachhorowitz13 for the latest in L.A. tech news.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Silicon Beach Report March 20: UpKeep Lands $10 Million in Series A
- Silicon Beach Report March 7: Snap Inc. Expected to Announce Layoffs
- Silicon Beach Report March 19: Self-Driving Uber Car Kills Pedestrian
- Silicon Beach Report May 2: Soothe Raises $31 Million, Heads to Vegas
- Silicon Beach Report Feb. 3: 5 Challenges for Snap Inc. in Its First Year as a Publicly Traded Company
- Silicon Beach Report April 3: Snap Discussing Office in Saudi Arabia
- Silicon Beach Report April 9: Uber Acquires Jump
- Silicon Beach Report May 14: U.S. Supreme Court Legalizes Sports Betting