FTC settles lawsuit, paves way for Amgen’s $28B purchase of Horizon Therapeutics
The Federal Trade Commission entered into a consent agreement with Amgen and Horizon Therapeutics, clearing the way for Amgen’s $28 billion acquisition of Horizon to go through. Announced on Sept. 1, Amgen agreed to not use its drug list to inhibit competition for Tepezza and Krystezza, which are Horizon’s biggest two drugs and the only Read More →
Umbra captures revenue with satellite snapshots
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AppFolio cuts jobs to address profitability concerns, stock gains 10%
Santa Barbara-based AppFolio has seen its shares rise as much as 12.6% in the days since the company announced it would be laying off 9% of its workforce on Aug. 17. Shane Trigg, the company’s CEO recently hired in March, wrote in a letter sent out to employees on Aug.17 that it would be cutting Read More →
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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Mercado: Region’s AI scene highlights diversity among tech companies
A lot of the focus on the technology scene along the Central Coast this year has been on biotechnology — and rightfully so given the sprawl we are seeing pop up in the Conejo Valley. But something that isn’t quite so obvious on the surface is the amount of artificial intelligence you could find up Read More →
AI companies in the tri-county region see sizeable backing
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