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Demand Media Nets $77.2M From IPO

socalTECH

Santa Monica-based Demand Media said this morning that it received approximately $77.2M in net proceeds from the firm's IPO last week. per share, with 5,175,000 shares of the offering coming directly from Demand Media itself, and the rest from other shareholders. READ MORE>>.

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Manalto Gets $1M For Social Media Content Management

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Santa Monica-based Manalto has raised $1M in a seed funding round, for the company''s social media content management software. According to Manalto, the funding came from Europlay Capital Adivsors, Raven Capital, as well as high net worth individuals from Australia. The company splits its operations between Santa Monica and Australia.

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Snap Sees Daily Active Users Increase In Q2

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The social media and communication software developer announced the numbers in its second quarter 2019 financial results. Snap's revenues grew to $388M in Q2 of 2019, with a net loss of $255M for the quarter. Santa Monica-based Snap Inc. , READ MORE>>.

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Why The Media Has Been Wrong About YouTube Networks

Both Sides of the Table

Developing O&O (owned & operated) businesses (outside of YouTube). Selling at smaller retailers will net you fewer customers and higher margins. If you’re thinking about building an online video network today you need to think about: Producing your own content (not just aggregating).

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UCLA Looks To Tap Social Networks In Teen Health Effort

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According to health care insurer Health Net and UCLA, the two are looking to study the use of Web-based, social media to improve preventative care and decrease emergency room visits among adolescents. UCLA and Health Net said the effort is being funded by a $1.1M UCLA and Health Net said the effort is being funded by a $1.1M

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Inphi Updates Financials, Acquires Taiwanese Firm

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the Sunnyvale-based semiconductor maker which has major operations in Westlake Village, has released its latest financials in an updated S-1 from the company, saying that it had had net income of $19.6M The firm had net income attributable to common stockholders of $2.2M. That compares to net income of $762K on revenues of $23.3M

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Interview with Nick Desai, Global Fitness Media

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For this morning's interview, we sat down and talked with Nick Desai , CEO of Global Fitness Media , which runs FitOrbit (www.fitorbit.com), an online site looking to help users put together a fitness and connect with fitness trainers. Nick Desai: Jack Steinfeld--which everyone knows as Body by Jake--is the founder of Global Fitness Media.

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