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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. The company said it will introduce ads “over the coming weeks” in order to “cover our expenses” of running the platform. Securities and Exchange Commission. .

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BetterWorks Shutting Down On May 31st

socalTECH

According to an email from Craig, the company decided to close down the BettterWorks perk platform, and will not longer be active after next Thursday. Craig said that the shutdown came as a result of not being able to sustain a large enough market, relative ot the high cost of customer acquisition.

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Turtle Beach Restructures HyperSound, Seeks Buyer

socalTECH

Turtle Beach is a developer of gaming headsets for the Xbox One, PlayStation 4, and other platforms. Turtle Beach said it has taken actions to "significantly reduce" its operating expenses of that business. The company did not detail those actions, or if they included staff cuts. READ MORE>>.

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