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Report: Uber Artificially Pushes Pricing In San Diego

socalTECH

Is Uber manipulating the market for its UberX car service? According to a report Wednesday from TheVerge, Uber has been keeping drivers off the road in San Diego--to force "surge" pricing on the ride service. uber smartphone service mobile ride diego pricing manipulation controversey' READ MORE>>.

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San Diego's Seismic Snags $100M, Joins Unicorns

socalTECH

San Diego-based Seismic , a developer of sales and marketing software, has raised $100M more in a funding round, which values the company at $1 billion, the company said on Tuesday. Rowe Price, plus General Atlantic, JMI Equity, and Jackson Square Ventures. The funding round came from Lightspeed Venture Partners, T.

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TuSimple Prices IPO, Starts Trading Today

socalTECH

San Diego-based TuSimple priced its IPO last night, saying that it will sell 33,783,783 shares of its Class A common stock at the price of $40.00 The company will begin trading this morning on the Nasdaq Global Select Market as TSP. per share, raising just over $1 billion for the company.

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Avidity Biosciences Prices IPO

socalTECH

San Diego-based Avidity Bio , a biopharmaceuticals company working on oligonucleotide-based therapies, priced its IPO last night, saying that it will offer up 14,400,000 shares of its common stock at $18.00 The company priced above its initial estimated offering range of $14.00 READ MORE>>.

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Zillow Expands Instant Home Buying Service To LA, San Diego

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Online real estate service Zillow is expanding its home buying service to both Los Angeles and San Diego, the company announced this week, in a move which will allow home buyers to get nearly instant offers on their homes--instead of going through a traditional broker and offering their home on the market. READ MORE>>.

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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 ! Image Credits: Facebook.

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Tocagen Sets IPO Pricing Range

socalTECH

San Diego-based Tocagen , a clinical stage gene therapy company aiming at treating cancer, has set the pricing range for its IPO. The company has applied to list as TOCA on the NASDAQ Global Market. The company said in a filing that it expects to offer 7,250,000 shares of its common stock at between $10.00 and $12.00

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