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Silicon Beach Report Jan. 8: GoPro layoffs, Grindr founder leaving, new lights for Ring’s smart doorbells

L.A. Business Journal

GoPro announced layoffs and cost-cutting as the camera and software company exits the drone business; video doorbell maker Ring has acquired light maker Mr. Beams; and the founder of dating app Grindr is stepping down following the company’s acquisition by a Hong Kong-based mobile gaming company.

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Fisker Automotive Burnt Through $1.4 Billion

socalTECH

The amount of capital invested in Fisker makes the company the highest profile flameout ever in Southern California''s startup history, far surpassing the mere $375M in venture capital raised of of prior record holder Amp''d Mobile from back in 2007. READ MORE>>.

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Google Confirms Motorola Mobility 4000 Layoffs

Tech Zulu Event

Google has confirmed the firing of 20 percent of Motorola Mobility employees. Google will also simplify Motorola’s mobile product portfolio to profitability. Motorola Mobility will drop the manufacture of feature phones to profitable devices. Google will however feel the layoffs. A company it bought in May.

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MediaLab acquires messaging app Kik, expanding its app portfolio

TechCrunch LA

Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. ” MediaLab is a holding company that owns several other mobile properties , including anonymous social network Whisper and mixtape app DatPiff.