article thumbnail

Veritone Picks Up $6.5M In PPP Loans

socalTECH

The company said the loans, from Sunwest Bank, will allow it to continue operations without salary reductions, layoffs, or furloughs. Veritone has over 300 employees and had 2019 net revenues of $49.6M. The loans are part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. READ MORE>>.

article thumbnail

Activision Blizzard To Slash Almost 800 Employees

socalTECH

The move comes even as Activions Blizzard reported record net revenues in 2018 of $7.50 Santa Monica-based game developer Activision Blizzard says it is slashing 8 percent of its staff, or nearly 800 employees, as a part of a restructuring effort at the company. bllion, up from the $7.02 billion it had in revenues for 2017. READ MORE>>.

article thumbnail

Interview with Greg Martin, LiquidStock

socalTECH

We closed in January of 2019. I have seen employees how have a lion's share of their net worth tied up in options, and have a very difficult time to exercise those options. Tell us what you're up to now? Greg Martin: I raised a fund called LiquidStock, with three partners. Two, is to have the peach of mind of share ownership.

Startup 113