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MediaLab acquires messaging app Kik, expanding its app portfolio

TechCrunch LA

” MediaLab is a holding company that owns several other mobile properties , including anonymous social network Whisper and mixtape app DatPiff. In 2017, TechCrunch reported that Whisper underwent significant layoffs to stave off collapse and put the company on a path to profitability.

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MySpace Chops 47 Percent

socalTECH

Amid rumors for weeks that Los Angeles-based MySpace has been planning massive layoffs, the firm said today that it is cutting 47 percent of its staff globally, or roughly 400 employees. MySpace has been undergoing major structural changes over the past few years, as the firm's core social networking business shifted to competitor Facebook.

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Report: Buzznet Chops Staff

socalTECH

Hollywood-based, music-related blog and content firm Buzznet has reportedly cut employees, according to a report from Digital Music News. Buzznet operates an online social networking and social media site focused on music and bands, and is backed by Anthem Ventures, Interscope, Redpoint Ventures, and others.

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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. READ MORE>>

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