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Cash-Strapped Snap Sees Stock Price Slide Following Analyst Report

L.A. Business Journal

percent to $7 a share – after a report described the Santa Monica social media company as “quickly running out of money.” The stock price for Snap Inc. hit a new low — falling 6.4

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Demand Media Reports Profit

socalTECH

Santa Monica-based Demand Media , the internet publishing firm headed by Richard Rosenblatt, reported its fourth quarter and fiscal 2010 results today, the first as a public company. Demand Media said it had revenues of $73.6M The firm also reported net income of $1.0M, versus $3.9M in a loss in Q4 of 2009.

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Report: Demand Media Snags Another Yahoo Vet

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A report Friday afternoon from the WSJ's Kara Swisher says that Santa Monica-based Demand Media has snagged yet another Yahoo executive, this time, Yahoo VP of Brand Packaging Erika Nardini. Demand Media, which is headed by former MySpace Chairman Richard Rosenblatt, is widely rumored to be near an IPO filing.

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Report: Demand Media Targets Critical Blog

socalTECH

Santa Monica-based Demand Media , the online content publishing empire run by Richard Rosenblatt, is targeting a blog which has been posting internal documents and criticism of the company. According to a report from Forbes, the firm has sent a cease-and-desist letter to Demand Studio Sucks , alleging copyright infringement.

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Snap Revenues Rise as User Growth Slows

L.A. Business Journal

the Santa Monica-based social media company, reported earnings results for the second quarter ended June 30. While the company has beaten revenue expectations, it continues to see an increase in net loss.

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Demand Media Gets Second $100M+ Quarter

socalTECH

Santa Monica-based online digital media publisher Demand Media keeps on getting bigger and bigger. The firm reported its latest quarterly results Tuesday, reporting $100.6M The company also reported net income of $0.7M demand media earnings domain content publishing creativebug' READ MORE>>.

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Demand Media Names Accounting Head

socalTECH

Santa Monica-based Demand Media said Monday afternoon that it has named Wendy Voong as the company's new Chief Accounting Officer. Voong was most recently Senior Director, North America Accounting and Reporting for Activision, and also has served at Ernst & Young.

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