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President Trump reportedly has approved the Oracle deal for TikTok’s US operations

TechCrunch LA

operations of the wildly popular social media app, TikTok, according to a report from Bloomberg. According to the Bloomberg report Trump said, “I have given the deal my blessing,” as he left the White House for a campaign rally in North Carolina on Saturday. The spinout of TikTok’s U.S. That said, the U.S.

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Verb Technology Reports First Quarter Earnings

L.A. Business Journal

Hollywood-based interactive video advertising Verb Technology Company Inc. reported its first quarter earnings May 16, posting a loss despite an overall revenue increase in its first earnings report since going public.

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Report: Hyperloop Transportation Technologies In Discussion With Cupertino

socalTECH

Los Angeles-based Hyperloop Transportation Technologies (HTT), one of several companies in the LA area working on advanced transportation systems first imagined by Elon Musk, is reportedly in discussions with the city of Cupertino to help ease traffic in that city.

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Report: New Technology Offers Potential For Better Energy Storage

socalTECH

New energy storage technology--based on gravity and potential energy--may be on its way to helping to revolutionize energy storage, without the need or limited lifetime of batteries, according to a report today. Energy Vault recently raised $110M in funding for global deployment of its technology, an is a spinout of Pasadena's Idealab.

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New Report Details Technology Job Concentration In Region

socalTECH

A new report issued today, detailing technology jobs employment concentration in the United States, shines some light on where the highest concentrations of tech jobs are in the region. percent of private jobs in the technology sector, ranked at number 13 nationwide; Santa Barbara-Santa Maria-Goleta had 8.9 READ MORE>>.

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Snap Releases Diversity Report

socalTECH

Venice, California-based Snap , the parent company of Snapchat , has released its annual diversity report , showing that the company--like the rest of Silicon Valley--continues to struggle to build a diverse workforce. The company reported in its Diversity Annual Report 2020 that 51.1 percent white; 33.3 percent Asian, 6.8

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Report: Snap Working On Drone Technology

socalTECH

A report in the New York Times on Tuesday says that Snap has been working on drone technology , to take overhead videos and photographs of its users. The NYT cited "three people briefed on the project" in its report, which comes on the eve of pricing on Snap's IPO. First, sunglasses. Next, a selfie drone?

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