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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

Last week, we talked about about the “de-stonkifying” of the market. The company’s stock tanked by more than 26 percent, representing a $230 billion reduction in market cap and a $31 billion drop in Zuckerberg’s personal net worth. Hello friends, and welcome back to Week in Review ! other things.

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EVgo Completes SPAC Deal, Trading Now On Nasdaq

socalTECH

Los Angeles-based electric vehicle charging network operator EVgo says it has completed its business combination with Climate Change Crisis Real Impact I Acquisition Corporation. which is now trading on the Nasdaq Global Select Market as EVGO, with warrants trading as EVGOW.

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With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

That’s how much Los Angeles-based ServiceTitan , a startup founded just eight years ago is worth now, thanks to some massive tailwinds around homebuilding and energy efficiency that are serving to boost the company’s bottom line and netting it an unprecedented valuation for a vertical software company, according to bankers.

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TrueCar Revenues Hit By Vehicle Inventory, Semiconductor Shortage

socalTECH

Los Angeles-based automotive marketplace operator TrueCar released a highlight of its results last night, saying that the firm's revenues were down 28.8% TrueCar said it had a net loss of $6.8 million compared to net income of $11.6M TrueCar said it had a net loss of $6.8 million compared to net income of $11.6M

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Boingo Wireless Now Owned By Digital Colony

socalTECH

Los Angeles-based Wi-Fi network and distributed antenna systems provider Boingo Wireless is now officially owned by private equity investor Digital Colony, the two said on Wednesday. The deal takes Boingo off the public markets, where it had been trading as WIFI on the NASDAQ. The deal valued Boingo at approximately $854M.

.Net 113
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FabFitFun raises $80 million for its growing lifestyle brand

TechCrunch LA

The Los Angeles-based company has steadily expanded its retail and lifestyle empire through subscription boxes, video… and even an augmented reality app. Last year the company crossed $200 million in revenue and managed to net over 1 million subscribers for the service.

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Moviepilot Goes Native, Bets On LA, US Market

socalTECH

The move puts the company''s focused squarely on its Los Angeles operations. The sale netted the company $20M, which it will use to fund its U.S. Moviepilot , the online film review and publishing site led by Tobias Bauckhage, has sold off its German website, moviepilot.de , to French publisher Webedia.