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Demand Media Raises 2012 Guidance On Registrar Growth

socalTECH

Santa Monica-based Demand Media , the online publishing business run by Richard Rosenblatt, announced its first quarter 2012 results yesterday, and also raised its fiscal 2012 financial guidance. Demand Media said it now expects full year 2012 revenues to be between $361.0M to $367.0M.

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Demand Media Revenues, Pageviews Grow

socalTECH

Santa Monica-based Demand Media , the online content publishing firm run by Richard Rosenblatt, reported its second quarter 2012 financial results on Tuesday afternoon, saying that both its revenues and pageviews grew from year to year. for the three months ended June 30, 2012, up 17 percent from the same quarter last year.

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GotCast Launches Casting For Mercedes-Benz

socalTECH

Santa Monica-based GotCast , the online casting site headed by Alec Shankman, said today that it has launched a new social media campaign with Mercedes-Benz. Financial terms of the deal were not disclosed. Deadline in the casting is December 23rd. READ MORE>>.

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TrueCar Dealer Sales Pass 700,000 Vehicles

socalTECH

In a sign of how large of an effect Santa Monica-based TrueCar has had on the automotive industry, the company said Tuesday afternoon that its dealer partners have just surpassed 700,000 new and used vehicles sold using its sites. TrueCar had announced it 500,000th vehicle in March of 2012.

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Mahalo Cuts Staff

socalTECH

Santa Monica-based Mahalo, the search and news site run by Jason Calacanis, has cut 10 percent of the firm's staff, Calacanis said in a post on his blog Wednesday. The cuts will give the company runway past 2012. Calacanis said that the moves were due to a "challenging economic environment." READ MORE>>

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Carving An Internet Niche With FamousBirthdays.com

socalTECH

We caught up with founder Evan Britton about how his company has created the top site in the Internet niche of celebrity birthdays, and how that intense focus on a single niche--and user experience- has paid off for the company in terms of user engagement and growth. That was the genesis of the site. It was discouraging.

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CoFoundersLab Matches Entrepreneurs Scientifically

Tech Zulu Event

They have partnered with Cross Campus to bring education and offline matchmaking events to Santa Monica quarterly. Together they envisioned a Match.com type of site for entrepreneurs to find each other and make things happen. By November 2012, CoFoundersLab Meetups had expanded to 20 cities.