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Autobytel Sees Online Advertising Revenue Plunge

socalTECH

Irvine-based Autobytel released its quarterly results Thursday, revealing that the firm saw a 35 percent plunge in its advertising revenue, and a 23 percent drop in leads referral revenues last quarter. The firm, which operates a series of automobile related sites, said it had a net loss of $15M on revenues of $14.2M

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AtomicMe Connects Social Networking, Revenue Sharing

socalTECH

A new, Los Angeles startup, AtomicMe , said this week that it is looking to tie together social networking activity with the interests users are passionate about--by sharing advertising revenues with those users. The startup is the brainchild of Jeremy Jason.

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Instacart Drops Its Valuation by Almost 40%

Tech.Co

By ensuring their value isn't bloated, the company will net its employees better equity over time. They have a point: Other companies in similar businesses — advertising and delivery — have also seen declines in stock value lately, with Shopify, DoorDash, and Meta all lowering in valuation. Instacart Explores Advertising.

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Internet Brands Revenues Grow In Q2

socalTECH

According to Internet Brands, it had net income of $4.6M in net income on revenues of $23.2M Revenues were up by 21 percent from the prior year, driven by increases in internet advertising revenues. Los Angeles-based Internet Brands reported its results Thursday, saying that the firm saw record revenues in Q2. in Q2 of 2009.

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Demand Media Revenues Up In Q1

socalTECH

Santa Monica-based Demand Media reported its results Thursday, saying that it had a net loss of $5.6 Demand Media said the revenues numbers were driven by continued momentum from its owned and operated sites. Demand also mentioned strong direct brand advertising sales helped its results. million on revenues of $79.5M.

Demand 133
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Internet Brands 2009 Acquisition Total: $24.2M

socalTECH

In addition to those details, Internet Brands said it is now seeing a monthly average of 50 million total monthly unique visitors to its collection of web sites, with a total of 56.5 Internet Brands said it had net income of $4.3M million in January. in the fourth quarter on revenues of $27.7M.

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Eight Repeat Entrepreneurs To Watch In SoCal

socalTECH

Rumored to be prepping for an IPO, just inked a deal to launch a new beauty and fashion site with Tyra Banks. They've acquired CAPTCHA security tools originally developed by Vidoop, and looking to market that technology to e-commerce web sites, social networking sites, and others looking to reduce spam and fraud.