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Veritone Picks Up $6.5M In PPP Loans

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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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Report: Using E-scooters Not So Green, Especially If You'd Be Walking Instead

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That said, according to those researchers, if an e-scooter is being used to replace a personal automobile--as opposed to transportation modes like walking or riding a bicycle--then there is a net reduction in environmental impact of using those devices. Image: Bird's scooters in Paris READ MORE>>.

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Honey Acquired By PayPal For $4 Billion

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PayPal said the acquisition will help it in its efforts in digital commerce, and add an "extensive" set of consumer commerce capabilities to the company. PayPal said that Honey was profitable on a net income basis in 2018, and that it expects the acquisition to be acrretive to its non-GAAP earnings per share in 2021.

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ACTIVE Network Wins Three Cities

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San Diego-based ACTIVE Network is expanding its footprint in the parks and recreation management market, reporting this morning that it has signed up the cities of Phoenix, Portland, and Denver as customers of its ACTIVE Net software. Financial impact of the wins were not announced.

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THQ Seeks Buyer As Sales Slip

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Agoura Hills-based videogame maker THQ is looking for a buyer, after reporting less-than-stellar results on Monday afternoon. THQ said it has hired an investment banker to help it consider "strategic alternatives", in hopes of raising additional capital to bring a number of titles to market. The firm also reported a net loss of $21.0M.

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ACTIVE Network Signs Up Two YMCAs

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San Diego-based sports activity registration and software provider ACTIVE Network reported two wins today at YMCA centers. ACTIVE Network said it has signed up the YMCA of the North Shore in Massachusetts and YMCA of the Brandywine Valley in Pennsylvania as customers for the company''s ACTIVE Net cloud platform.

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Rubicon Project Passes $100M Mark, Sees $125.3M In Yearly Revenues

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Los Angeles-based online advertising technology developer Rubicon Project > has just passed the $100M mark, reporting yesterday that its 2014 year end revenues were $125.3M. The details came as the company released its fourth quarter results, where it reported net income of $1.4M on revenues of $41.8M for the quarter.