Consistent growth in ad revenue for five consecutive  quarters is a good sign the hardest part of the recession is coming to an end for the online content industry. “We are probably out of the woods when it comes to the impact of the great recession,” said Sherrill Mane, the SVP of industry services at the International Advertising Bureau. [Update: 1:15]
A new app will alert users to traffic-congesting events, and is a collaborative development with IBM, CalTrans, and UC Berkeley. [Update: 1:15]
New Nielson numbers show Vevo narrowly beating out Facebook for the No. 2 spot for online video with 33 million monthly viewers (Youtube is the uncontested king at 111 million). Vevo's numbers demonstrate a strong market for music videos.
The Android-powered LG Thrive will retail at $179.99 with a 10-cent-per-minute plan, $2 per day unlimited talk, and a tiered data pricing plan, $5 for 10 MB, $15 for 10 MB, and $25 for 500 MB.
iRobot  (above), makers of way more than robo-maids, inked a deal with the Navy that could be worth up to $230 million for tiny robots that ID and dispose of bombs.
Craig Newmark launches Likeminded, a platform to share stories, multimedia, and connect with other citizens to make a local impact.
Picture of the Day: Zynga  CEO and his Best Friends
Sources: The New York Times, Cnet, Nielson, Mashable, Engadget, San Francisco Chronicle
[Top Image: Flickr User U.S. Army Alaska ]