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TrueCar Powers New HyreCar Auto Buying Program

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Santa Monica-based auto buying program operator TrueCar announced this morning that it has inked a partnership with Los Angeles-based HyreCar, to power an online auto marketplace for HyreCar. Financial details of the partnership were not announced.

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TrueCar Revenues Hit By Vehicle Inventory, Semiconductor Shortage

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Los Angeles-based automotive marketplace operator TrueCar released a highlight of its results last night, saying that the firm's revenues were down 28.8% TrueCar said it had a net loss of $6.8 year-over-year, and 16.4% million compared to net income of $11.6M in the third quarter of 2020.

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Los Angeles Venture Investors Get Their Mojo Back

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For several years, the phrase "Los Angeles Venture Capitalist" had almost become an oxymoron. The IPO of education company 2U also greatly benefited Los Angeles, with the company''s extensive operations in LA, plus backing from former Redpoint Ventures'' (now Archer Capital) investor Greg Martin.

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TrueCar Names New CEO

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Santa Monica-based online car buying startup TrueCar announced today that it has named Chip Perry, the former CEO of AutoTrader.com, as its new President and CEO. According to TrueCar, Peery will take the reigns at the company effective December 15th, taking over from TrueCar founder Scott Painter, who is stepping down from the company.

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Los Angeles Fast 500 Winners Announced

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The Los Angeles winners of the Deloitte Fast 500 ranking of fastest growing companies was announced last night at an event at Santa Monica's Shutters on the Beach, with 26 companies recognized in the overall 2011 Technology Fast 500, and three "Technology Rising Stars" recognized in the Los Angeles area.

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TrueCar Sets Investor Relations VP

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Santa Monica-based car buying information provider TrueCar has bolstered its executive staff, saying Monday that it has added Alison Sternberg as its new Vice President of Investor Relations and Administration. TrueCar said Sternberg will manage both investor relations and developing the company''s administrative functions.

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TrueCar's Painter To Step Down As CEO

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Scott Painter , the CEO of Los Angeles-based auto purchasing service TrueCar , said Thursday that he will be stepping down as CEO of the company by the end of the year. Painter has been CEO of the company since he founded TrueCar in 2005.

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