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Lawsuit Takes a Toll on Activision’s Stock Price

L.A. Business Journal

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.

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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

Pricing 113
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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.

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Report: Price For Faraday Future's FF91 Nearly $300,000

socalTECH

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.

Pricing 100
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Report: Uber Artificially Pushes Pricing In San Diego

socalTECH

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>>.

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Report: 33% of US Small Businesses Couldn’t Pay Their Rent Last Month

Tech.Co

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.

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Report: Call Of Duty Franchises Priced At $25M Per Team

socalTECH

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.