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

TechCrunch LA

metro area, San Diego and Santa Monica. Spin, which began offering this on April 1, is making this available in Baltimore, Denver, Detroit, Los Angeles, Portland, San Francisco, Tampa and Washington, D.C. Noam Ohana, who heads up Exor Seeds, the holding company’s early-stage investment arm, will join Via’s board.

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Report: Veoh Planning Major Layoffs

socalTECH

San Diego- and Los Angeles-based online video site Veoh is reportedly in the midst of a "major restructuring," according to a report from VentureBeat. Quoting a "source close to the company" VentureBeat said that the layoffs would be "drastic." Tags: veoh layoff jobs video content. READ MORE>>.

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How The Deal Between Synthetic Genomics, Exxon Fell Part

socalTECH

It all looked good at the time: oil company Exxon needed to develop a more earth-friendly way to produce oil, and San Diego startup Synthetic Genomics needed funding to get its technology off the ground. But then, ExxonMobil cut back its original investment--worth up to $600M--in Synthetic Genomics. What happened?

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Qualcomm: No Changes After Strategic Review

socalTECH

San Diego-based Qualcomm says that its board of directors has decided to stay the course, and will make no change to the company's corporate and financial structure, after a strategic review by a special committee of its board. READ MORE>>.

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Turtle Beach Restructures HyperSound, Seeks Buyer

socalTECH

San Diego-based audio technology developer Turtle Beach said Monday that it is restructuring its HyperSound business, in a bid to lower the operating costs of that business. As part of that restructuring, the company said that investment banker Piper Jaffray is contiuing "exploration of strategic options"for that business.

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OneRoof Energy Cuts Staff, Realigns Business

socalTECH

San Diego-based residential solar installer OneRoof Energy has cut its staff, and says it is in a major realignment of its business operations to tap into consumer services providers and partners, rather than invest in its own direct sales. Size of the cuts were not announced by the company.

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NextWave Wireless Shuts GO Networks Operations

socalTECH

San Diego-based NextWave Wireless said today that it is discontinuing the operations of the firm's GO Networks unit, which developed wide area Wi-Fi networking equipment. The shutdown closely follows a 20 percent workforce cut, a $100M debt round and hiring of an investment banker at the firm. NextWave paid $13.3M