"[Jay Z's The Parent Company] kind of lit the fuse on what everybody expects to be a catalyst in California."
Ceres Group Holdings is becoming corporate America's biggest cannabis dealmaker out of its Century City offices. The firm will take Atlanta-based cannabis producer Parallel public in a $1.9 billion SPAC and plans on expanding it in Los Angeles. Contributor Pat Maio has the story.
ByteDance agrees to $92 million privacy settlement with U.S. TikTok users.
Cryptocurrency exchange Coinbase files for an IPO.
House lawmakers argue antitrust laws need to be updated to rein in tech giants.
Fed glitch shuts down wire transfers, direct deposits and other services.
Twitter explores Super Follows for creators to earn money.
GameStop stock price doubles again as Reddit-fueled roller-coaster rages on.
Can Clubhouse move fast without breaking things?
Amazon-owned Twitch bans Amazon's union-busting ads.
In Clubhouse chat, Bill Gates talks bitcoin, iPhone and the pandemic.
The SPAC deal comes just as Ceres is trying to ink a separate deal to raise $100 million in a private fund to make cannabis investments throughout America, with particular focus on L.A. and California-based companies. Read more>>
The Culver City-based fast casual unicorn has pledged to be carbon neutral within six years by cutting its carbon output in half. Read more>>
TenOneTen Ventures co-founder and managing partner David Waxman talks with L.A. Venture podcast about lessons learned building three startups, going through an IPO and dealing with a litigious board member. Read more and listen here>>
The influential Montgomery Summit, which since 2004 has been held every year at the Fairmont Miramar Hotel & Bungalows in Santa Monica, will go largely behind paywalls next week because of the coronavirus. We look at some of the major themes up for discussion. Read more >>
Our next startup pitch showcase on Thursday, March 4, 2020 at 11:00 a.m. PT will celebrate female founders. We're looking for female-founded SoCal startups in any sector. Submissions will be evaluated on a rolling basis.