CafePress Updates IPO Filing With Q3 Results

CafePress, which has filed to raise $80 million in an initial public offering, reported $105.9 million in revenue for the first nine months of 2011, an increase of 45 percent from the same period in 2010. Losses for the same period widened to $1.5 million, or 17 cents a share, from the same period earlier, when it lost $482,000, or 6 cents a share. The company also said that in early October, it acquired L&S Retail Ventures, which manages a custom online stationery site, for $4.5 million, with an additional $8 million in future performance-based payments.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald