LATech Digest

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 Laura.Nelson@wsj.com.

Wow, what a piece of shit company. businessinsider.com/bird-silicon-v…

Scooter company Bird delisted from NYSE after stock collapse, will trade over the counter cnbc.com/2023/09/22/sco…

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.

When the upper decks are telling everyone to stay calm… then you KNOW it’s time to GTFO #SVB

The original Snapchat HQ, now for lease along the Venice Boardwalk

It gets worse

Pathetic. 😂😂😂 businessinsider.com/bird-requestin…

Bird Scooter founder lowers asking price on Bel-Air mansion realtor.com/news/celebrity…

$BRDS 2022’s chart of the year — down 97% in ONE YEAR #birdscooter

Scooter company BIRD is a total turd:

Bird scooter raised $883M, the latest bit at a valuation of 2.5B in 2019, and is now a penny stock valued at $120M

The irony… businessinsider.com/ey-ethics-exam…

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)

SM-based @happyreturnsco acquired by @PayPal cnbc.com/2021/05/13/pay…

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)

Bumble stumbles after quarterly earnings announcement, down 50% from IPO

“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.

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-b…

Welcome to @mikebonin country. #recallmikebonin