socalTECH

JULY 11, 2019

Despite public pronouncements about big expansion plans today , Santa Monica-based on-demand scooter startup Bird is reportedly burning through cash, and is now seeking $300M more in funding, according to a report published on Thursday.

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Report Santa Monica Demand Funding 113

socalTECH

SEPTEMBER 30, 2020

According to a new report, Santa Monica-based "on-demand" scooter company Bird recently started running a program which allows the contractors who charge its scooters to acquire their own fleet of scooters--but which, as a result of the pandemic--has saddled many with huge amounts of debt.

Report 113

Report Santa Monica Demand Entrepreneur 113

socalTECH

NOVEMBER 16, 2020

Santa Monica-based on-demand, last mile transportation company Bird is considering going public via a Special Purpose Acquisiton Company (SPAC), according to a report from Bloomberg. It's unclear how far along the SPAC might be, however, Bloomberg said the discussions "are in an early stage".

Report 124

Report Santa Monica Los Angeles Demand 124

socalTECH

JUNE 29, 2020

How is Santa Monica-based Activision Blizzard navigating the pandemic--and how is another local company, Heal , a part of those efforts? READ MORE>>.

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Activision Report Santa Monica Company 113

socalTECH

JULY 12, 2019

The CEO of Santa Monica-based Bird has gone on the offensive, following a report that said the company was seeking $300M and making only around $15M in yearly revenues. on every ride on the new Bird Zero scooters, which it says are now 75 percent of its fleet.

Report 113

Report Santa Monica News Sites 113

socalTECH

FEBRUARY 7, 2018

Santa Monica-based online employment marketplace ZipRecruiter has reportedly raised $50M in a Series B funding round, which values the company just shy of $1 billion, according to reports this morning. The investment round--not yet confirmed by ZipRecruiter--was reportedly led by current investor IVP.

Report 145

Report Santa Monica Invest Funding 145

socalTECH

JANUARY 9, 2019

Santa Monica-based on-demand scooter rental startup Bird is in the midst of raising $300M more in a funding round, according to a report on Wednesday. The report said the funding, led by Fidelity, is an extension to Bird's latest funding, and will be at a $2 bilion pre-money valuation.

Report 113

Report Santa Monica Demand Capital 113

socalTECH

FEBRUARY 11, 2019

Santa Monica-based Activision Blizzard is planning a set of massive layoffs, which may affect hundreds of people, according to a report on Friday. According to Bloomberg, Activision Blizzard is planning to lay off hundreds of people as it restructures to boost its profitability.

Activision 113

Activision Layoffs Report Santa Monica 113

socalTECH

JUNE 6, 2019

According to an unconfirmed report on Wednesday, Santa Monica-based on-demand scooter rental startup Bird is in the midst of talks to acquire another, on-demand scooter company, Scoot. According to the report, Scoot was last valued at around $71M, and had raised $47M in total funding.

Report 113

Report Santa Monica Demand Competition 113

socalTECH

JULY 31, 2014

It looks like Apple Computer is in the midst of pruning away staff over at Santa Monica-based Beats , two months after it acquired both Beats Electronics and Beats Music for $3 billion. Apparently, Apple is moving many employees to Cupertino, although it will continue to operate out of Beats'' Santa Monica offices.

Santa Monica 173

Santa Monica Report Acquisition 173

socalTECH

AUGUST 2, 2019

Santa Monica-based Ring , the surveillance doorbell network which is now owned by Amazon , is now looking to collect and aggregate real-time, 911 call information, according to a report from Gizmodo. According to the report, the 911 information is being pushed to nearby Ring users as "crime news". READ MORE>>.

Report 100

Report Santa Monica News Networking 100

socalTECH

JULY 30, 2019

The report , from Motherboard, says the information was obtained through a public record request, and came via a note taken by a police officer during an April Ring webinar.

Report 147

Report Santa Monica Company Companies 147

socalTECH

JULY 6, 2020

Santa Monica-based on-demand scooter company Bird received a PPP bailout loan worth at least $5 million, according to a report, but laid off nearly 400 employees anyway. According to the report, Bird claims it was "erroneously listed" in the list of companies put out by the Treasury Department today.

Report 113

Report Santa Monica Demand Help 113

socalTECH

JULY 6, 2020

Santa Monica-based on-demand scooter company Bird received a PPP bailout loan worth at least $5 million, according to a report, but laid off nearly 400 employees anyway. According to the report, Bird claims it was "erroneously listed" in the list of companies put out by the Treasury Department today.

Report 113

Report Santa Monica Demand Help 113

socalTECH

MARCH 6, 2019

Santa Monica-based Snap , the developer of Snapchat, has reportedly paid settlements to three women who were laid off last year, according to a report today. Details on those settlements and the lawsuits have not been detailed.

Layoffs 113

Layoffs Report Santa Monica Snapchat 113

socalTECH

NOVEMBER 7, 2019

According to a security report from BitDefender, it discovered a major security breach in the software of Santa Monica-based video doorbell and security camera maker Ring.

Report 113

Report Santa Monica Networking Software 113

L.A. Business Journal

NOVEMBER 15, 2021

Santa Monica-based automotive technology platform TrueCar Inc.’s s sales tumbled as supply chain issues rocked the company, according to its third quarter earnings report.

Truecar 130

Truecar Sales Santa Monica Platform 130

L.A. Business Journal

OCTOBER 10, 2018

percent to $7 a share – after a report described the Santa Monica social media company as “quickly running out of money.” The stock price for Snap Inc. hit a new low — falling 6.4

Pricing 113

Pricing Slides Report Santa Monica 113

socalTECH

JANUARY 8, 2020

In the latest drumbeat of negative coverage of Santa Monica-based Ring , a report from Vice, published on Wednesday, says that a number of its employees had been fired over the last four years for improperly accessing user video data. The disclosure--which was leaked to Motherboard--apparently was made on January 6th, to U.S.

Report 100

Report Santa Monica Content Company 100

socalTECH

OCTOBER 24, 2019

Santa Monica-based Fair , the subscription vehicle service lead by startup veteran Scott Painter, is laying off 40 percent of its staff, according to reports , and also is replacing its CFO. The report says that current CFO Tyler Painter, the brother of CEO Scott Painter, is being replaced by Kirk Shryoc.

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Report Santa Monica Equity Invest 100

socalTECH

DECEMBER 19, 2019

Ring has been hit by a number of unfavorable reports over the last few weeks due to a concerted effort by hackers to deliberately compromise accounts, almost entirely by using previously compromised user email and passwords from other services. Ring is now owned by Amazon.com. READ MORE>>.

Report 100

Report Santa Monica IP Email 100

socalTECH

MARCH 13, 2019

Santa Monica-based Activision Blizzard is looking to create a new, city-based Call of Duty e-sports league, and has started looking for franchisees willing to pay $25 million to set up a team in their own city, according to a report on Wednesday.

Activision 113

Activision Report Santa Monica Pricing 113

L.A. Business Journal

AUGUST 9, 2021

reported solid earnings in the second quarter, but the gains failed to lift the stock price of the embattled Santa Monica-based gaming giant. Activision Blizzard Inc.

Pricing 130

Pricing Activision Santa Monica Report 130

socalTECH

APRIL 15, 2019

Santa Monica-based private equity investor Clearlake Capital is hoping to sell one of its portfolio companies, Perforce Software , for around $2 billion, according to a report from Bloomberg over the weekend. Perforce has been owned by Clearlake Capital since January of 2018.

Capital 113

Capital Report Santa Monica Software Engineering 113

socalTECH

MARCH 14, 2019

Santa Monica-based scooter rental service Bird has laid off approximately 5% of its full-time staff, according to a report on Thursday, in what has been attributed to an effort to "contain costs". The report said 40 people were laid off.

Report 124

Report Santa Monica Los Angeles Platform 124

socalTECH

DECEMBER 26, 2017

Santa Monica-based car startup Fair.com is acquiring the auto leasing business of Uber , according to a report from the WSJ today. Financial terms of the acquisition were not announced. Fair operates an auto car shopping/financing service, which is led by longtime industry veteran Scott Painter (formerly of TrueCar).

Report 100

Report Truecar Santa Monica Acquisition 100

socalTECH

FEBRUARY 27, 2018

Santa Monica-based Ring is being acquired by e-commerce giant Amazon , according to a yet-unconfirmed report on Tuesday afternoon. Ring, founded by Jamie Siminoff, makes a very popular line of video doorbells, which allow people to see and talk to people at their door.

Report 113

Report Santa Monica Commerce Acquisition 113

socalTECH

JANUARY 11, 2019

Santa Monica-based Ring , the maker of connected video doorbells, video cameras, and other home security products (which is now part of Amazon), has has huge success in appealing to people looking a better feeling of safety and security in their home.

Report 113

Report S3 Santa Monica Networking 113

socalTECH

DECEMBER 4, 2018

Ridesharing giant Uber is considering a major deal to buy either Santa Monica-based on-demand scooter rental service Bird , or possibly, Bird's key rival, Lime , according to a report.

Report 113

Report Santa Monica Demand Capital 113

socalTECH

JANUARY 24, 2022

Quality assurance (QA) testers for Santa Monica-based Activision are seeking to form a new union, called the Game Workers Alliance, according to reports, with the effort being driven by QA testers at Activision's Raven Software.

Activision 113

Activision Santa Monica Report Software 113

socalTECH

NOVEMBER 21, 2022

Santa Monica-based Bird said last week that it had overstated its revenues for more than two years, by recognizing unpaid customer rides as revenue. According to Bird, its financial reports from the first quarter of 2020 through the second quarter of 2022 should "no longer be relied upon".

Santa Monica 113

Santa Monica Report Customer Custom 113

socalTECH

APRIL 21, 2014

A new report, released over the weekend, says that Los Angeles should look towards New York and San Francisco and what they have done to help strengthen the community here for technology startups. Tech Agenda report, edited by David C. angeles tech agenda report economic growth garcetti' READ MORE>>.

Report 198

Report Santa Monica Startup Los Angeles 198

L.A. Business Journal

JULY 21, 2020

the Santa Monica-based social media company, reported earnings results for the second quarter ended June 30. While the company has beaten revenue expectations, it continues to see an increase in net loss.

Santa Monica 130

Santa Monica Social Media .Net Report 130

L.A. Business Journal

JUNE 8, 2020

Santa Monica-based Bird Rides Inc. is reportedly scrapping 8,000 to 10,000 e-scooters across cities Qatar, Bahrain and the United Arab Emirates.

Santa Monica 130

Santa Monica Report 130

socalTECH

FEBRUARY 27, 2018

Santa Monica-based Ring is being acquired by e-commerce giant Amazon , according to yet-unconfirmed reports. The deal is reportedly worth around $1 billion. Ring, founded by Jamie Siminoff, makes a very popular line of video doorbells, which allow people to see and talk to people at their door.

Report 100

Report Santa Monica Commerce Acquisition 100

L.A. Business Journal

JUNE 8, 2020

Santa Monica-based Bird Rides Inc. is reportedly scrapping 8,000 to 10,000 e-scooters across cities Qatar, Bahrain and the United Arab Emirates. The e-scooters belonged to Circ, a Berlin-based company Bird acquired in January.

Santa Monica 130

Santa Monica Report Company Companies 130

socalTECH

DECEMBER 3, 2021

Santa Monica-based TrueCar, which operates an online marketplace for autos, said that it has named Rich DiStefano to Senior Vice President of Product. The company said that DiStefano will report to President and CEO Mike Darrow.

Truecar 113

Truecar Product Ticketmaster Santa Monica 113