3 ms·
Timely, since Groupon competitor LivingSocial is heavily backed by Amazon. Amazon invested in their infrastructure, whereas Groupon lined their pockets. Theres
by nhebb 15y ago
Timely, since Groupon competitor LivingSocial is heavily backed by Amazon. Amazon invested in their infrastructure, whereas Groupon lined their pockets. Theres is no real comparison between the two, other than the article's title.
A few weeks ago LivingSocial publicly predicted that they'd surpass Groupon by January 2012. They're currently in ~40% of the markets that Groupon reaches and have ~40% of the revenue, so that's an aggressive goal. But (non-Ponzi) Amazon's backing lends it a lot of gravitas.
- syllogism 15y agoThat interview with the LivingSocial CEO[1] was excellent. I think their idea of the local restaurant marketplace will do very well. That idea really makes sense to me, in a way that groupon doesn't. [1] http://www.businessinsider.com/livingsocial-tim-oshaughnessy-interview-2011-4 http://www.businessinsider.com/livingsocial-tim-oshaughnessy...