socalTECH
MARCH 21, 2016
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.
socalTECH
APRIL 22, 2020
Santa Monica-based Snap , the parent company of Snapchat , reported its first quarter 2020 financials on Tuesday afternoon, saying that it has seen an increase in both its daily active users and revenues. Despite the increase in usage and revenues, Snap still reported a net loss of $306M in Q1 2020. READ MORE>>.
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socalTECH
NOVEMBER 3, 2014
Los Angeles-based mobile dating app developer Tinder is rapidly approaching 50 million active users, who are spending an average of 90 minutes a day on the service, according to a report. The NYTimes report cited a "person with knowledge of the situation" in the numbers. minutes per session, and men spending 7.2
socalTECH
APRIL 12, 2012
A new report this week from the Startup Genome Project has ranked Los Angeles as number six in a list of the world's most active startup ecosystems. The report ranked the cities by "startup throughput"--the number of startups, startup success rates, availability of capital, job creation, and other factors.
socalTECH
FEBRUARY 12, 2014
San Diego-based ACTIVE Network is expanding its footprint in the parks and recreation management market, reporting this morning that it has signed up the cities of Phoenix, Portland, and Denver as customers of its ACTIVE Net software. active network recreation parks registration community' READ MORE>>.
socalTECH
MAY 22, 2014
San Diego-based sports activity registration and software provider ACTIVE Network reported two wins today at YMCA centers. ACTIVE Network said it has signed up the YMCA of the North Shore in Massachusetts and YMCA of the Brandywine Valley in Pennsylvania as customers for the company''s ACTIVE Net cloud platform.
socalTECH
JULY 6, 2010
A new report released this morning from PricewaterhouseCoopers says that U.S. IPO activity nearly tripled in the second quarter. According to PwC, IPO deals nearly tripled in the second quarter, compared to last year, with 39 IPOs raising $5.1 billion for the three months ending June, compared with only 12 IPOs raising $1.6
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