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Black Friday Spending Up In 2012, Hits $1.042 Billion

socalTECH

According to numbers released over the weekend by Internet traffic and e-commerce measurement service comScore, online Black Friday sales surged 26 percent from last year, and totaled $1.042 billion. retail, e-commerce spending on Friday was the heaviest, online spendin day to date in 2012. The company said that U.S.

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Demand Media Buys E-Commerce Marketplace Society6 For $94M

socalTECH

Santa Monica-based Demand Media has acquired Society6 , an online e-commerce marketplace centered around artists, the company announced Monday afternoon, as part of an effort to expand its content and media platform. According to Demand Media, it paid $94M for Society6, including $75M in cash and approximately $19M in its common stock.

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Tech Coast Angels Invests $4.5M In First Half Of 2012

socalTECH

The Tech Coast Angels said today that it has totalled up its investments for the first half of 2012, and found that it invested $4,571,000 in direct investments--as part of $10M in funding--for 17 companies.

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Darkstore launches FastAF app for same-day product delivery

TechCrunch LA

Darkstore, the tech-driven fulfillment solution to enable e-commerce companies to offer same-day delivery, has just released a consumer-facing app called FastAF. Hnetinka, you may remember, founded WunWun back in 2012 to provide on-demand delivery for stores and businesses. Right now, the app is only available in Los Angeles.

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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. Honey was founded in 2012 by George Ruan and Ryan Hudson.

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Stamps.com Names ShippingEasy CEO To Board

socalTECH

El Segundo-based online postage and shipping software developer Stamps.com says it has named Katie May, the CEO of e-commerce software company ShippingEasy.com , to its board of directors. ShippingEasy was acquired by Stamps.com in 2016. According to Stamps.com, May has more than 20 years of experience building multiple successful startups.

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Social Curation Summit

SoCal Tech Calendar

Wednesday, December 12, 2012 -- Social Curation Summit. Leverage the Effects of Curated Commerce and Consumption Discover how brands and retailers across a wide range of business verticals can use curated stories, pictures, and videos to highlight creativity and innovation. See [link] (more)

Commerce 150