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Topspin In Major Layoffs, Says Report

socalTECH

Los Angeles-based music software startup Topspin has laid off a "significant" amount of staff, according to reports , with a majority of the company''s staff getting the pink slip. Topspin did not detail the reason for the layoffs, or how many employees were affected by the move. READ MORE>>.

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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. Buying the Kik messaging platform adds another social media weapon to the arsenal for MediaLab and its chief executive, Michael Heyward. Securities and Exchange Commission.

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Uber Shuts Down

socalTECH

Los Angeles-based Uber, the online social networking web site run by former Friendster CEO Scott Sassa, has shut down. Uber developed software used to upload, organize, and share content through a free web site; the site also provided photo galleries, slide shows, videos, and blogs.

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