article thumbnail

Report: Autonomy Running Out Of Money

socalTECH

A report from Business Insider says that Los Angeles-based electric vehicle subscription company Autonomyis running out of money and in "dire straits". According to the report, the company--which offers up Tesla vehicles on a subscription basis--is in the midst of attempting to find emergency funding.

Report 100
article thumbnail

Cash-Strapped Snap Sees Stock Price Slide Following Analyst Report

L.A. Business Journal

The stock price for Snap Inc. percent to $7 a share – after a report described the Santa Monica social media company as “quickly running out of money.” hit a new low — falling 6.4

Slides 113
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Faraday Future Delays Quarterly Filings After Short Seller Report

socalTECH

In an inauspicious start as a public company, Los Angeles-based electric vehicle developer Faraday Future says it is delaying its filing of its quarterly reports for the quarter ended September 30th, 2021, due to allegations of "inaccurate disclosures".

Report 113
article thumbnail

Report: IPO Activity In Significant Slowdown

socalTECH

A new report, issued Monday, says that IPO activity has slowed significantly in Q1, with a 39 percent drop in volume and 70 percent decline in total capital raised versus Q1 of last year. The report, from Ernst & Young, said that companies are likely exploring other options or waiting for confidence to return for their IPOs.

Activity 100
article thumbnail

Report: Snap Working On Drone Technology

socalTECH

A report in the New York Times on Tuesday says that Snap has been working on drone technology , to take overhead videos and photographs of its users. The NYT cited "three people briefed on the project" in its report, which comes on the eve of pricing on Snap's IPO. Snap, in its IPO filing, now calls itself a "camera company".

Report 100
article thumbnail

Reports: Tidal, Apple In Acquisition Talks

socalTECH

A report from the WSJ late Thursday said that Apple Computer is in discussions with music service Tidal --founded by Jay-Z--to acquire the company. No pricing details on the potential deal--which the Journal said "may not result in a deal"--were released. READ MORE>>.

Report 113
article thumbnail

Rubicon Reports Record First Quarter

socalTECH

The report is the very first report as a public company by Rubicon. Rubicon said the increases came primarily due to increases in pricing due to increased bidding activity. The online advertising technology provider, headed by Frank Addante, went public in April.

Report 159