@LATechDigest

LA / Silicon Beach tech & entertainment news.

 Santa Monica, CA
Joined October 2014
  • Tweets14.9K
  • Following1.4K
  • Followers3.7K
3.1KMedia
Some news: Today is my first day at the Wall Street Journal! I'll be reporting from L.A., tracking big California stories and digging into the nexus between politics and tech. Really excited to get started. For coffees, tips, ideas, gossip, etc., I'm at [email protected].
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Wow, what a piece of shit company. businessinsider.com/bird-sil…

Bird, once primed to be the Uber of electric scooters and valued at $2.5 billion, just filed for...

Bird said on Wednesday that it has filed for Chapter 11 bankruptcy in Florida after several years of financial problems.

businessinsider.com
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LATech Digest retweeted
CNBC
@CNBC22 Sep 2023
Scooter company Bird delisted from NYSE after stock collapse, will trade over the counter cnbc.com/2023/09/22/scooter-…

Scooter company Bird delisted from NYSE after stock collapse, will trade over the counter

Once valued at $2.5 billion by private investors, scooter company Bird is moving its stock off the New York Stock Exchange after the shares collapsed

cnbc.com
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The failure of #SVB $SIVB will have a HUGE effect on LA’s venture / startup / tech realm; I hope that LABJ & LAT do a deep dive on this and explain in great detail on the local ramifications.
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When the upper decks are telling everyone to stay calm… then you KNOW it’s time to GTFO #SVB
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The original Snapchat HQ, now for lease along the Venice Boardwalk
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Pathetic. 😂😂😂 businessinsider.com/bird-req…

Scooter company Bird is emailing customers to tell them they still owe 62 cents, 93 cents, or 78...

Scooter company Bird, seeking additional funding amid financial struggles, is reaching out to some customers for past due amounts of just cents.

businessinsider.com
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It gets worse
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Bird Scooter founder lowers asking price on Bel-Air mansion realtor.com/news/celebrity-r…

Bird Scooter Founder Once Again Tries To Fly Away From His Bel-Air Nest

Travis VanderZanden, founder of the Bird scooter sharing service, has listed his pretty perch for the reduced price of $19.9 million.

realtor.com
$BRDS 2022’s chart of the year — down 97% in ONE YEAR #birdscooter
Scooter company BIRD is a total turd:
LATech Digest retweeted
Joe Colangelo
@Itsjoeco26 Aug 2022
Bird scooter raised $883M, the latest bit at a valuation of 2.5B in 2019, and is now a penny stock valued at $120M
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The irony… businessinsider.com/ey-ethic…

EY will pay a record $100 million fine after the SEC found 49 staff cheated on an ethics exam

The securities regulator also said "hundreds" more EY staff cheated on professional courses and exams between 2017 and 2021.

businessinsider.com
This is happening right outside @Snapchat’s first offices. Squatters (not homeless, squatters) call north of Rose Ave “Methlehem.” @mikebonin @ericgarcetti it is past time to clean this up. (CC: @RadioChio)
Venice Beach Boardwalk@BoardwalkVenice23 May 2021
Three young men proudly admit to taking advantage of the lack of enforcement, in order to camp for free on the boardwalk. They are issued $60 tickets for camping on the beach, which are then being paid for by a homeless services center nearby.
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SM-based @happyreturnsco acquired by @PayPal cnbc.com/2021/05/13/paypal-b…

PayPal to buy online returns start-up in its latest run at the retail shopping space

On Thursday, PayPal announced it would acquire Happy Returns for an undisclosed amount.

cnbc.com
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Per @TheHustle @YouTube is no rookie when it comes to building out creative platforms. In 2019, its creative ecosystem contributed: •~$16B to the US GDP (equivalent of 345k full-time jobs) •~$2B to the British GDP (30k jobs) •~$622m to the French GDP (15k jobs)
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Bumble stumbles after quarterly earnings announcement, down 50% from IPO
Welcome to @mikebonin country. #recallmikebonin
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This shit is getting downright dangerous. The City of Los Angeles has received millions of dollars from the Biden administration, and needs to deploy those funds to develop *affordable* facilities and care for the homeless, for everybody’s sake deadline.com/2021/05/mike-bo…

Uproar Over Proposed Camp Sites For Homeless People At West L.A. Beaches, Parks

On Wednesday a Los Angeles Times investigation revealed that, among other things, fires related to homeless encampments have nearly tripled. According to the paper, in the first four months of this...

deadline.com
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“in the first four months of this year there were 24 such blazes a day. Those calls accounted for 54% of all fires responded to by @LAFD” 24 blazes A DAY.
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