Remove 2018 Remove Invest Remove Layoffs Remove Report
article thumbnail

LA's Faraday Future Faces New Financial Troubles

socalTECH

Los Angeles-based electric car maker Faraday Future is facing new financial woes this morning, after the Chinese company which bailed out the company at the end of 2017 filed notice that it would seek to terminate a deal to invest a total of $2 billion into Faraday Future, reached last year. READ MORE>>.

Layoffs 113
article thumbnail

MediaLab acquires messaging app Kik, expanding its app portfolio

TechCrunch LA

It echoes the same message from Kik’s chief executive Tim Livingston last week when he rebuffed earlier reports that the company would shut down amid an ongoing battle with the U.S. In 2017, TechCrunch reported that Whisper underwent significant layoffs to stave off collapse and put the company on a path to profitability.