A labor union working to organize employees at one of Activision Blizzard’s subsidiaries is accusing the video game publisher of making “inaccurate and misleading” claims to investors in a letter to the SEC. The letter comes one day after Activision declined to voluntarily recognize the union.
Here’s what else we’re reading in the news:
- U.S. consumers lost $770 million last year due to social media scams, the FTC says.
- Rezolut, a high-growth medical imaging business, opens a new facility in Chino Hills.
- Virgin Orbit's stock soars after it lands a new contract with NASA.
- Ultra luxury car Cizeta, which collapsed in the 1990s, makes an improbable bid for a return.
- Warner Music Group launches a music-themed land in virtual game platform The Sandbox.
Labor Organizers Urge SEC to Investigate Activision Over 'Misleading' Filing
The labor union leading the push to unionize workers at Activision Blizzard has called on the Securities and Exchange Commission to investigate the Santa Monica video game publisher for making “inaccurate and misleading disclosures” to investors.
Gaming Studio PortalOne Raises $60 Million to Expand in LA
The Oslo-based firm is currently at work on its first game, which it describes as a “hybrid game” that blends a live show with a video game. It plans to use the new funding to hire staff to fill out the ranks at its new L.A. production facility.
InCharge Energy Is Sold to Swiss Tech Giant ABB
The Santa Monica-based fleet electrification company has sold a majority stake in its business to Swiss robotics giant ABB,.The startup has a four-year goal to hire hundreds of field technicians to support and service its charging systems across the country.
Odell Beckham Jr. Is Feeling Bitcoin’s Current Dip
Los Angeles Rams wide receiver Odell Beckham Jr. may be one game away from the Super Bowl, but he’s likely feeling a little lighter in the wallet amid Bitcoin’s ongoing selloff.
Meet the Santa Monica Cybersecurity Firm Keeping Facebook Data Secure
NVISIONx unveiled a $4.6 million seed funding round Thursday to help it grow at a time when ransomware and government privacy concerns are on the rise.
Vertex Ventures US Has a New $200 Million Fund III
The new fund is devoted to early-stage business-to-business startups, with a focus on digital infrastructure. L.A.-based partner Dom Perri joined the LA Venture podcast to talk about the new fund, and offer insights from his career in corporate and business development.