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Honey Acquired By PayPal For $4 Billion

socalTECH

PayPal said the acquisition will help it in its efforts in digital commerce, and add an "extensive" set of consumer commerce capabilities to the company. PayPal said that Honey was profitable on a net income basis in 2018, and that it expects the acquisition to be acrretive to its non-GAAP earnings per share in 2021.

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Internet Brands Revenues Grow In Q2

socalTECH

Los Angeles-based Internet Brands reported its results Thursday, saying that the firm saw record revenues in Q2. According to Internet Brands, it had net income of $4.6M in net income on revenues of $23.2M decrease in automotive e-commerce revenues, related to continued weakness in demand from automotive dealerships.

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Internet Brands Traffic Up, Revenues Flat

socalTECH

Los Angeles-based Internet Brands reported its quarterly results Wednesday afternoon, reporting that it saw 50 million monthly unique visitors to the firm's websites in June, up 35 percent from 37 million uniques in June of last year. in automotive e-commerce revenues, one of the firm's major segments.

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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

We don’t seem to get credit as a community for SpaceX or recognition as one of the fastest growing communities for commerce: Honest Company & JustFab. Commerce: What is less known is just how important LA is as a commerce hub. These are industries ripe to succeed in LA & NYC. ”).

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The Five Major Tech Trends of 2016

Xconomy

Back in 2013, Google reported that 90 percent of multiple device owners switch between screens to complete tasks, using an average of three different combinations every day. Meanwhile, biometrics has stepped out of the realm of sci-fi and into the mainstream, playing an important role in the fight against cybercrime.

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How to Kick Start Your Community’s Startup Scene

Both Sides of the Table

I like to boil down the overwhelming majority of what we do on the web to just three primary activities, which I call the three C’s: Content, Commerce & Communications. It was always more likely that auto industry commerce prowess would come from LA or Detroit. But what is it we actually DO on the Internet?

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