Tue.May 12, 2020

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Snap’s Yellow accelerator debuts its third batch of investments

TechCrunch LA

This morning, Snap joined a host of startup accelerators shifting its demo day online amid the COVID-19 quarantine. With its third class of startups, Yellow, Snap’s in-house startup accelerator that launched in 2018, brought investors and founders together in private slack channels after a live-streamed presentation. The event kicked off with a few words from CEO Evan Spiegel and soon transitioned into a succession of live-streamed pitches from the 10 startups in Yellow’s latest batc

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Triton Digital Connects With Amobee

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Los Angeles-based digital audio advertising provider Triton Digital said this morning that it has integrated its services with advertising technology firm Amobee. The company said it has integrated Amobee's demand-side platform with its programmatic audio marketplace. Triton Digital said the integration allows Amobee clients can now execute global, targeted, brand-safe audio ad buys through both open marketplace and private marketplace deals.

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Despite the economy, LA’s Maple Media is hunting for app acquisitions

TechCrunch LA

Over the past three years the Los Angeles-based startup Maple Media has amassed a portfolio of roughly thirty companies and one hundred apps in its quest to become the IAC of app store businesses. And n ow, even with the economy continuing to collapse, the company is on the prowl for new acquisitions and expects to spend tens of millions of dollars on new deals. “We look at three pillars of our types of apps… casual games, mobile games, and personal tools,” said Maple Media chi

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J2 Global Sees Revenues Rise In Q1

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Los Angeles-based J2 Global , which operates a large number of Internet related businesses, reported its first quarter results on Monday. According to J2 Global, its Q1 2020 quarterly revenues increased 10.8% for its first quarter, to $332.4M. The company--which is an avid acquirer of companies--said it deployed $19M for acquisitions in the quarter, and $36M in contingent payments from acquisitions from previous years.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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Cornerstone OnDemand Founder Miller Steps Away From CEO Post

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Santa Monica-based Cornerstone OnDemand says that its founder and CEO, Adam Miller , has stepped away from the company's CEO role, after more than 20 years. According to Cornerstone OnDemand, Miller will become co-chair of Cornerstone's Board of Directors. Replacing Miller in the CEO role will be Phil Saunders , the former CEO of Saba Software. According to a statement from Miller, he is now looking to "commit more fully to my passion for social entrepreneurship and public service.

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Sir Richard Branson To Sell $500M In Virgin Galactic Shares

socalTECH

Sir Richard Branson is planning to sell $500M in shares of Mojave-based Virgin Galactic , in a bid to raise cash to finance his other airline and hotel businesses. The $500M represents about one-fifth of Branson's stake in Virgin Galactic. According to the S-1 filing by Virgin Galactic, it is currently seeing disruption to its business from the ongoing COVID-19 pandemic, saying the continued spread of COVID-19 may affect its ability to complete the development of its spaceflight systems, its spa

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