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Santa Monica-based TrueCar , the automotive pricing startup run by Scott Painter, is launching a new site today focused on used car pricing. The new site ClearBook.com , offers us a used car vehicle index, aggregating used car marketplace sales to provide pricing guidance for consumers and dealers. READ MORE>>.
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''s "surge" pricing is an algorithm-driven feature of Uber, which dramatically increases the cost of rides on its system when drivers are at a premium. READ MORE>>.
SolarCity said Tuesday in a filing with the SEC that it is estimating its initial IPO price per share at between $13.00 The filing gives a strong indication that the firm is looking to meet a reported deadline of the end of a year for a public offering, on the NASDAQ Global Market. and $15.00.
Los Angeles-based matchmaking site eHarmony is approaching a redemption deadline from its last venture funding round, according to a report today from Reuters. However, it is apparently a rare event in the venture capital business to run into a redemption rights deadline, according to the report. READ MORE>>.
TrueCar , the auto pricing and automotive buying technology provider based in Santa Monica, said today that it has been selected by the U.S. News & World Report to provide used car pricing and valuation to the publisher. publishing usnews clearbook used pricing buying auto truecar' TrueCar said that U.S. READ MORE>>.
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
Los Angeles-based electric car maker Faraday Future rolled outs its first production vehicle, the FF91, at CES earlier this month, but had not announced pricing. However, a new report says that LeEco CEO Jia Yueting has said that the new FF91 will cost "less than $300,000"--a staggeringly high price tag for an electric vehicle.
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.
reported solid earnings in the second quarter, but the gains failed to lift the stock price of the embattled Santa Monica-based gaming giant. Activision Blizzard Inc.
Viewdle , a developer of computer vision technology which is venture backed by Anthem Ventures and Qualcomm, among others, is in the midst of an acquisition by Google , according to reports today. The original report came via Forbes, with followup from TechCrunch. The rumored price for the firm is around $30M. READ MORE>>.
The report found that companies raised a median of $17M in venture financing before M&A or buyout, and took a median of 5.3 The median price for a company increased to $71M during 2011. Dow Jones said that those exits totaled $53.2 years to build their company before acquisition. billion in public offerings in 2011.
Reports this morning say that San Diego-based ServiceNow is planning to start its IPO roadshow this week, as the firm looks to brave a post-Facebook-IPO market. According to reports , the firm expects to price its IPO as late June.
A report today from Greentech Media says that Pasadena-based Idealab 's sale of portfolio firm RayTracker was worth $44.8M. The disclosure of the sale price came at a solar power conference, from the firm's former founder, who said the investors scored a multiple of 12.8 Idealab, Quercus Trust, and Phoenix Fire had invested $3.5M
Santa Monica-based Activision Blizzard is looking to create a new, city-based Call of Duty e-sports league, and has started looking for franchisees willing to pay $25 million to set up a team in their own city, according to a report on Wednesday.
The long awaited IPO of Glendale-based LegalZoom apparently has been delayed , according to reports Thursday afternoon. LegalZoom had been expected to price this evening and start trading Friday. According to Reuters, citing an "underwriting source", LegalZoom has delayed the offering due to marketing conditions. READ MORE>>.
According to TrueCar, it is powering the new AARP Auto Buying Program, which will provide upfront pricing information, special incentives, and other related services to AARP''s members. truecar aarp automobile buying program pricingprice auto' READ MORE>>. truecar aarp automobile buying program pricingprice auto'
Santa Monica-based TrueCar , the auto pricing and sales company headed by Scott Painter, said late yesterday that it has sold its one millionth vehicle through its service, and that $31 billion in sales have gone through its network to date. truecar automobile pricing leads sales vehicle usaa' monthly retail vehicle sales. READ MORE>>.
According to the report, which ranked U.S. The report said California's favorable regulatory environment, offtake prices, and incentives ranked the state first in wind energy and installation of solar energy projects in the state pushed the state to first in solar.
Rowe Price Associates, Inc. At that time, TechCrunch reported that Squarespace was a profitable company, with revenues increasing 50% in the prior year, to about $300 million. Squarespace has raised $300 million in a round of funding that values the company at a staggering $10 billion valuation. and Spruce House.
Tesla said that to achieve this lower price it will shift all sales globally to online only, meaning the company will be closing many of its stores over the next few months. The stores that remain, in high-traffic locations, will be turned into information centers, Musk said on a call with reporters.
Santa Monica-based TrueCar , the online car pricing site headed by Scott Painter, reports this morning that it has now sold more than 200,000 cars through its online car buying and pricing platform. READ MORE>>.
Proving that the market for the right domain name continues to be strong, Moniker and SnapNames , the domain name auction sites owned by Los Angeles-based Oversee.net , reported that they sold the domain Data.com for more than $1.5M The firm said it sold the domain for an amount that "significantly exceeds" the $1.5M
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.
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>>.
The rent crisis is getting worse, according to a new report that found a full third of all small and medium-sized businesses are behind on their rent for the month of May. The new data comes from small business networking site Alignable, which released its Q2 Rent Report at the start of the month. What's driving the crisis? newsletter.
A report today says that Venice, California-based Snap is getting set to launch a another version of its Spectacles, its connected, video- and snapshot-capturing sunglasses, for the heady price of $350.00. The price is a significant increase in price for Snap's spectacles--almost twice what the current generation of glasses costs.
According to a new report, issued this week, Southern California still has a big "digital divide", between those who have access to affordable, wired broadband, and those that do not. The report cited such areas as the Lucerne Valley, Baker, El Centro, Lake Havasu, and Ridgecrest as areas particularly lacking in options.
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".
Santa Monica-based TrueCar , the online automotive purchasing program and technology developer, has just topped 500,000 cars sold on its platform, the firm reported this morning. The numbers reflect some momentum to the firm's services, which took five years to sell the first 100,000 vehicles. READ MORE>>.
Los Angeles-based Android-based game console maker Ouya is nearing a sale of the company, most likely by game hardware maker Razer , according to reports.
TrueCar--which offers up automotive pricing information and automotive configuration and quoting software--said the sales came from more than 5,500 dealer partners. The firm's back end software is used to power the no-hassle, automobile purchasing programs from American Express, Yahoo Autos, AAA, USAA and Consumer Reports, among others.
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.
Earlier reports had placed the acquisition of Zenly at between $250M to $350M. Snap said it paid $196.1M in purchase consideration, including $186.8M in cash paid to sellers, $9.3M in liabilities due to sellers, and $17.2M in total consideration representing compensation for future employment services. READ MORE>>.
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. First, sunglasses. Next, a selfie drone?
Los Angeles-based apartment rental marketplace RadPad , which was founded by Jonathan Eppers, has been acquired by LandlordStation , according to a report. RadPad had offered up a place to search for apartment rentals, which were shown on a map and also let users search by feature, price, and other details.
PriceGrabber , the online comparison shopping site based in Los Angeles, reported today that it saw a 14 percent year-over-year growth in traffic from Thanksgiving to Cyber Monday shopping. The company said the growth indicates that more consumers are using the Internet for research, price comparisons, and purchasing gifts.
A new report, from J.D. power said that its study focused on 10 factors, including ease of use; ease of install/setup; reliability; energy efficiency; price paid; effectiveness of heating/cooling; internet connectivity; usefulness of app; variety of features; and customer service. According to J.D.
TrueCar reported a loss of $22.6M TrueCar provides auto car buying technology, which powers a number of affiliate auto buying programs, and also offers up data on new car pricing and referrals to local car dealers. truecar merger acquisition exit nasdaq true automobile buying pricing' READ MORE>>. READ MORE>>.
After a breakout year in 2017, the blockchain sector suffered a series of blows in 2018, from crashing cryptocurrency prices to increased regulatory scrutiny of crypto ventures and deepening skepticism about whether the technology was actually useful. Read more » Reprints | Share:
Social Reality’s stock price spiked more than 70 percent to close at $4.90 a share Tuesday after the marketing software developer announced an initial coin offering.
Santa Monica-based TrueCar reported today that it has named Pat Watson as its new Vice President, Industry Relations. It's a smart move for the firm, which has been battling some in the auto industry over its service, which have made automotive pricing much more transparent--and far more competitive--for auto dealers. READ MORE>>.
San Diego-based NextWave Wireless , a developer of wireless technology, reported Wednesday afternoon that it is being delisted from the NASDAQ stock market, as of July 23rd. per share closing bid price requirement of the exchange. NextWave said it will begin trading instead on the OTCQB market as WAVE.
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