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Report: 33% of US Small Businesses Couldn’t Pay Their Rent Last Month

Tech.Co

The rent crisis is getting worse, according to a new report that found a full third of all small and medium-sized businesses are behind on their rent for the month of May. The new data comes from small business networking site Alignable, which released its Q2 Rent Report at the start of the month. What's driving the crisis? newsletter.

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Bird Overstated Revenue For More Than Two Years

socalTECH

According to Bird, its financial reports from the first quarter of 2020 through the second quarter of 2022 should "no longer be relied upon". Santa Monica-based Bird said last week that it had overstated its revenues for more than two years, by recognizing unpaid customer rides as revenue.

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Kim Kardashian becomes a private equity dealmaker in collab with ex-Carlyle partner

TechCrunch LA

Kardashian is launching private equity firm SKKY Partners in conjunction with ex-Carlyle consumer head Jay Sammons to invest in business across consumer products, hospitality, luxury, digital commerce and media, the Wall Street Journal first reported. Jenner will be joining SKKY as a partner, the Journal reported.

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ServiceTitan Eyes IPO

socalTECH

According to reports, the company has "kicked off preparations" for an IPO in early 2022. Los Angeles-based ServiceTitan, which develops software-as-a-service products to help home service and contractors manage their business and service calls, is reportedly looking to file for an IPO. billion earlier this year.

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Viasat Satellite In Integration, Testing

socalTECH

Carlsbad-based communications satellite operator Viasat reports that the first satellite in a new satellite constellation being developed by the company is now in final spacecraft integration and testing.

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Almost 25% of Laid-off Tech Workers Start Their Own Businesses

Tech.Co

A huge number of tech companies have made layoffs in 2022 , whilst others have taken advantage of video conferencing software and other remote collaboration tools to offer flexible working arrangements and retain the best talent. Survey Says: Go Your Own Way. Challenges for New Businesses.

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Borrego Wins Utility Scale Solar Deal In Michigan

socalTECH

San Diego-based Borrego, a developer of utility-scale, renewable energy projects, reported this week that it has been selected to build three new, utility-scale solar projects in Michigan. The projects will be located in Cement City, Pullman and Letts Creek and are expected to be online in mid-2022.

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