FTC pauses suit against Amgen on $28B acquisition
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Portfolio watch
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Portfolio watch
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AppFolio lays off 9% of workforce in second round of 2023 cuts
AppFolio CEO Shane Trigg announced that the company would be firing 9% of its workforce, or 149 employees, effectively immediately, he wrote in a letter sent out to employees on Aug. 17. The letter, filed with the U.S. Securities and Exchanges Commission, said the company’s lack of profitability hurt “our ability to achieve our potential.” Read More →
Connected TV, retail media bolster Trade Desk’s solid quarter
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Transphorm reports slightly higher revenue in first quarter
Goleta-based Transphorm reported its first-quarter earnings after the markets closed on Aug. 14, noting a slight raise in revenue. Transphorm, a supplier of gallium nitride power conversion products, generated $5.9 million in revenue in the first quarter up from $5.2 million in the same quarter a year ago. Moreover, the company’s net loss was $7.4 Read More →
Vital signs: Apartment prices remain stingy across Central Coast
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