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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

The remaining $200 million came from new investors Macquarie Capital, Mori Building and Shell, as well as existing investors 83North, Broadscale Group, Ervington Investments, Hearst Ventures, Planven Ventures, Pitango and RiverPark Ventures. ” Layoffs in a time of COVID-19. Other deals: Qcraft.ai The company said T.

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Fisker Automotive Burnt Through $1.4 Billion

socalTECH

The amount of capital invested in Fisker makes the company the highest profile flameout ever in Southern California''s startup history, far surpassing the mere $375M in venture capital raised of of prior record holder Amp''d Mobile from back in 2007. billion dollars in private and public funds, according to Reuters. READ MORE>>.

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How The Deal Between Synthetic Genomics, Exxon Fell Part

socalTECH

But then, ExxonMobil cut back its original investment--worth up to $600M--in Synthetic Genomics. According to Bloomberg , after Synthetic Genomics failed to perform on a milestone, ExxonMobil pulled back on its contract, leading to layoffs of more than half of Synthetic Genomics'' employees back in 2011. What happened? READ MORE>>.

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MediaLab acquires messaging app Kik, expanding its app portfolio

TechCrunch LA

. “Whether it be a passion for an obscure manga or your favorite football team, Kik has shown an incredible ability to provide a platform for new friendships to be forged through your mobile phone.” In acquiring Kik, the holding company is expanding its mobile app portfolio. Heyward did not respond to a request for comment.

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Latest Post-COVID Trends in the Telecom Sector

Southern California Edison Blog

Telecom operators looking to stay profitable and successful in the new normal need to invest in network infrastructure, research, and development to best capitalize on new technologies, such as 5G and the Internet of Things. Strategies for Carrier Success in the Post-COVID Environment. Offer Greater Service Flexibility.

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How will you ride the next wave?

Berkonomics

It won’t be long before another round of layoffs comes, and these new tools will create new jobs to fill the gap. The principal drivers of this re-imagination are the hyper-growth of the mobile Internet, consumer-controlled commerce, the rise of big data, and “globality.” We bypass the middle person for services and information.

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