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President Trump reportedly has approved the Oracle deal for TikTok’s US operations

TechCrunch LA

operations of the wildly popular social media app, TikTok, according to a report from Bloomberg. According to the Bloomberg report Trump said, “I have given the deal my blessing,” as he left the White House for a campaign rally in North Carolina on Saturday. The spinout of TikTok’s U.S. That said, the U.S.

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Boring Company's Vegas Loop Won't Meet Passenger Goals, Says Report

socalTECH

A report, published Friday, says that the Las Vegas hyperloop system being built under the Las Vegas Convention Center by Los Angeles-based The Boring Company will will not meet passenger throughput requirements of the contract. The limits are apparently due to fire regulations. READ MORE>>.

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Report: Honest Company Seeking CPG CEO

socalTECH

Los Angeles-based e-commerce provider Honest Company , which sells organic baby and beauty products, is looking to replace CEO Brian Lee with a veteran of the consumer packaged goods (CPG) market, according to a report. READ MORE>>.

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Broadcom, Qualcomm Among Happiest Tech Companies, Says Report

socalTECH

A new report, created by Irvine-based online career community CareerBliss , says that two of Southern California's biggest tech employers-- Broadcom and Qualcomm , are among the top happiest tech companies in the USA. The top rated company on the list was Adobe Systems International. READ MORE>>.

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Faraday Future Founder Resigns, Company Effectively Insolvent, Says Report

socalTECH

Los Angeles-based Faraday Future founder Nick Sampson says that the company is "effectively insolvent", and has resigned from the company, according to The Verge. The company's chief designer left yesterday. The departures come as a result of a split between the company's Chinese investment backers and management.

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Report: Is Elon Musk Overloaded?

socalTECH

Has the purchase of Twitter by Elon Musk, for $44 billion, put the rest of his companies at risk? A report by Wired says that Elon Musk Is Overloaded, with the recent purchase and obsession with Twitter threatening Tesla, SpaceX, The Boring Company, and Neuralink.

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Report: Autonomy Running Out Of Money

socalTECH

A report from Business Insider says that Los Angeles-based electric vehicle subscription company Autonomyis running out of money and in "dire straits". According to the report, the company--which offers up Tesla vehicles on a subscription basis--is in the midst of attempting to find emergency funding.

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