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The HR App That Was Born of #MeToo
The HR App That Was Born of #MeToo
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The HR App That Was Born of #MeToo
Tuesday was rocky for a couple of L.A.-area startups, as Ireland announced a probe into Tinder and Snap announced lower-than-expected earnings. Meanwhile, two companies founded by L.A. women announced funding that will enable them to expand. AllVoices, an app aimed at making it easier for women in the workplace to anonymously report harassment got a boost. So did a ride-sharing company founded by three L.A. working moms struggling to shuttle their kids to and from school and other activities. HopSkipDrive now finds itself trekking into new territory.
Today's stories
AllVoices, an anti-harassment app inspired by the #MeToo movement, has raised $4.3 million, according to Securities and Exchange Commission filings posted last month.
Begun by former film studio executive Claire Schmidt less than two months after the Harvey Weinstein story roiled Hollywood and forever changed the conversation around sexual harassment in corporate offices, the app allows users to anonymously report information to a company's top leadership. >>
HopSkipDrive, the Los Angeles-based ridesharing company for kids, announced Tuesday it has raised an additional $22 million in funding to continue to fuel its expansion into new markets.
The company was founded in 2014 by three L.A. working moms wrestling with how to transport their overscheduled kids to and from school and all their soccer games and violin lessons. It now operates in 13 markets in eight states plus Washington D.C., up from five markets in two states a year ago. >>
Snap Inc. stock dropped more than 10% on Tuesday after it reported earnings that missed analysts expectations for Q4.
The self-described camera company, based in Santa Monica, reported revenue of $561 million versus the expected $563 million. The company's reported cash flow remains negative despite improvement over the year prior. The company said it lost $240.7 million, or 17 cents per share, compared with FactSet estimates of a 12-cent loss per share. >>
Ireland's Data Protection Commission said Tuesday that it's launching an inquiry into dating app, Tinder for potential violations of the European Union's law on data protection and privacy, which governs the use of user data. The West Hollywood-based company is the latest to face such a probe. >>