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Snap Sees Daily Active Users Increase In Q2

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Santa Monica-based Snap Inc. , the parent company of Snapchat , says its daily active users (DAU) increased by 8 percent year-over-year, to 203 million users. The social media and communication software developer announced the numbers in its second quarter 2019 financial results.

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Demand Media Buys Saatchi Art, Appoints Sean Moriarty As CEO

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Santa MOnica-based Demand Media made a surprise move this morning, saying it has appointed former Ticketmaster CEO Sean Moriarty as its new CEO--and also acquiring Moriarty''s startup, Saatchi Art. According to Demand Media, it paid $17M for Saatchi Art, in a mix of cash and stock, in a deal which will add revenues of $0.5M

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Snap Sees Active User Increase, But Still Seeing Steep Losses

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Santa Monica-based Snap Inc. , the parent firm of Snapchat , reported its quarterly results on Tuesday afternoon, saying that its daily active users (DAU) increased by 2 percent quarter-to-quarter, to 190 million. However, Snap continues to post steep losses, saying it had a net loss of $310M in Q1 of 2019, on revenues of $320M.

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Demand Media Partners With REI

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Santa Monica-based Demand Media , the online publishing empire run by Richard Rosenblatt, has inked a partnership with outdoor retailer REI. Trails.com is Demand Media's online adventure site, providing trail guides, topographic maps, articles, and other outdoors-related content. The companies announced the deal today.

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Demand Media Sets IPO Pricing Range

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Santa Monica-based Demand Media , the online publishing firm headed by Richard Rosenblatt, said today in an S-1 filing that it expects its IPO to be between $14.00 Demand Media runs such sites as LiveStrong and eHow, along with a network of other media and content focused sites. and $16.00 READ MORE>>.

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Demand Media Nets $77.2M From IPO

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

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Demand Media Sweetens Executive Pot

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Ahead of its IPO, Santa Monica-based Demand Media , the online domain name and media publishing business run by Richard Rosenblatt, updated its IPO filings Thursday, saying that it has granted $30.8M Tags: demand media domain domainer content merger acquisition legitscript. READ MORE>>.

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