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Tinder Boosts Earnings for Parent Match Group

L.A. Business Journal

Dating app owner Match Group reported an estimated 16% annual increase in net income in fiscal 2019, due largely to Tinder, its highest-performing subsidiary.

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Veritone Picks Up $6.5M In PPP Loans

socalTECH

Costa Mesa-based artificial intelligence software developer Veritone --which is publicly traded on the NASDAQ as VERI--reported that it has received a total of $6.5M Veritone has over 300 employees and had 2019 net revenues of $49.6M. in loans under the Paycheck Protection Program (PPP).

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Snap Sees Active User Increase, But Still Seeing Steep Losses

socalTECH

the parent firm of Snapchat , reported its quarterly results on Tuesday afternoon, saying that its daily active users (DAU) increased by 2 percent quarter-to-quarter, to 190 million. However, Snap continues to post steep losses, saying it had a net loss of $310M in Q1 of 2019, on revenues of $320M.

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Viant Files For IPO

socalTECH

The company reported $9.9M in net income on $164M in revenues for the year ended December 31, 2019.

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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.

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10 Realities Today Cause Startups To Bypass An IPO

Startup Professionals Musings

According to a recent Ernst & Young global report , the first half 2019 global IPO activity slowdown continued, following an unusually quiet Q1 2019 as ongoing geopolitical tensions and trade issues dampened IPO sentiment. Public companies of any size must comply immediately with the full reporting requirements of the SEC.

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The Five Major Tech Trends of 2016

Xconomy

Back in 2013, Google reported that 90 percent of multiple device owners switch between screens to complete tasks, using an average of three different combinations every day. Meanwhile, biometrics has stepped out of the realm of sci-fi and into the mainstream, playing an important role in the fight against cybercrime.