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Fisker Automotive Burnt Through $1.4 Billion

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The amount of capital invested in Fisker makes the company the highest profile flameout ever in Southern California''s startup history, far surpassing the mere $375M in venture capital raised of of prior record holder Amp''d Mobile from back in 2007. billion dollars in private and public funds, according to Reuters. READ MORE>>.

Layoffs 170
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Machinima Lays Off Most Employees, Ceases Operations, Say Reports

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Machinima , which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations , according to reports. The shutdown comes after a reorganization of the digital properties of AT&T, as well as its Otter Media subsidiary.

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THQ Details Buyers, Numbers After Fire Sale

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THQ said it will continue to employ "a small number" of headquarters staff to assist in the transition.

THQ 153