LivingSocial Hits A Million Amazon Gift Cards Sold, $20 Million In Card Value

Alexia Tsotsis

Alexia Tsotsis is the co-editor of TechCrunch. She attended the University of Southern California in Los Angeles, CA, majoring in Writing and Art, and moved to New York City shortly after graduation to work in the media industry. After four years of living in New York and attending courses at New York University, she returned to Los Angeles in... → Learn More

Wednesday, January 19th, 2011

LivingSocial has been offering $10 off any $20 Amazon purchase since 5 am this morning and it’s been a boon huge for the daily deals company, which Amazon has astutely invested $175 million in. Now the extremely popular deal has just crossed over the one million mark, with 12 hours to go. LivingSocial tells us that there are currently 99.4K vouchers being sold each hour, 2k vouchers being sold each minute and 85 vouchers being sold each second.

Already this has beat the Groupon/Gap deal which ended in $11 million worth of Groupons sold, and it’s still got a half a day left.

CenterNetworks is keeping an impressively vigilant track of the deal’s milestones, here.

Company: Amazon
Website: amazon.com
Launch Date: 1994
IPO: NASDAQ:AMZN

Amazon.com, Inc. (AMZN), is a leading global Internet company and one of the most trafficked Internet retail destinations worldwide. Amazon is one of the first companies to sell products deep into the long tail by housing them in numerous warehouses and distributing products from many partner companies. Amazon directly sells or acts as a platform for the sale of a broad range of products. These include books, music, videos, consumer electronics, clothing and household products. The majority of Amazon’s...

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