socalTECH

NOVEMBER 10, 2022

In more continuing turmoil at Twitter, new owner Elon Musk is reportedly ending the ability to work remotely at the social media company, and is demanding employees put in "at least" 40 hours in person at the office each week. The report--from Bloomberg--said that the new rules kick in immediately.

Demand 113

Demand Social Media Report Sites 113

socalTECH

NOVEMBER 6, 2015

Santa Monica-based Demand Media is continuing to see a steep drop in revenues from its content and media efforts, reporting Thursday afternoon that it had $15.9M The company said the drop came due to traffic declines to eHow and lower ad monetization yields. The company reported a total, Q3 revenue of $28.5M. in revenues.

Demand 100

Demand Content eHow Media 100

Startup Professionals Musings

AUGUST 7, 2020

In a larger public company, it’s all about making your quarterly numbers, versus investing in strategic growth alternatives that may not pay off until several quarters later. Get outside the company regularly to get feedback on future customer needs, emerging technologies, and the views of influencers and experts in the field.

Technical Review 124

Technical Review Layoffs Social Media Metrics 124

socalTECH

JUNE 2, 2020

Santa Monica-based on-demand scooter company Bird has shut down its operations in the Middle East, according to reports, shutting down Circ, which it had acquired in January, and laid off all of its employees. Bird had only just acquired Circ in January, shortly before the world was hobbled by the pandemic.

Santa Monica 113

Santa Monica Demand Report Funding 113

socalTECH

DECEMBER 9, 2019

Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, and is now seeking a sale, according to CNBC. The company also is now seeking a buyer. The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund. READ MORE>>.

Demand 100

Demand Sales Los Angeles Invest 100

socalTECH

DECEMBER 9, 2019

Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, according to CNBC. According to a memo leaked from Wag's new CEO, Garrett Smallwood, the company is also laying of a number of employees as it looks to have a capital base that is "right-sized to the needs of our business and strategy".

Demand 100

Demand Los Angeles Sales Invest 100