LivingSocial

  • Report: Groupon Grew Its Revenues 13% In August, Gained 2% Marketshare

    Report: Groupon Grew Its Revenues 13% In August, Gained 2% Marketshare

    In light of reports that the company was canceling its investor roadshow and postponing its IPO, daily deals aggregator Yipit has come up with some positive information regarding to Groupon’s trajectory in August, namely that it had a banner month revenue-wise. The daily deals frontrunner grew 13% during the last month of summer, increasing its revenue to $120.7 million from $106 million… Read More

  • Yipit’s Daily Deal Report: Industry Revenue Dips, Groupon Gains Share, And Travel Deals Take Off

    Yipit’s Daily Deal Report: Industry Revenue Dips, Groupon Gains Share, And Travel Deals Take Off

    Yipit, the site that aggregates and recommends daily deals based on users’ locations and interests (and raised $6 million back in June from a host of VCs), released some interesting trend data today on the daily deals space. Overall, July was not a memorable month for the daily deals industry, though there were a few clear winners, including everyone’s favorite deals site, the… Read More

  • Sources: LivingSocial Close To Acquiring Turkish Daily Deals Site Grupfoni

    Sources: LivingSocial Close To Acquiring Turkish Daily Deals Site Grupfoni

    Multiple sources in the know have informed us that LivingSocial is close to continuing its international expansion with the impending acquisition of Grupfoni, a leading local ecommerce company in Turkey, as first reported by local tech blog Webrazzi. The deal hasn’t been closed yet, we hear, but LivingSocial is very close to signing off on the transaction. The deal values Grupfoni at… Read More

  • Closing The Redemption Loop In Local Commerce

    Closing The Redemption Loop In Local Commerce

    When it comes to local commerce, the ultimate prize everyone is going after right now is how to close the redemption loop. The redemption loop starts when a consumer sees an ad or an offer for a local merchant, and is completed when the consumer makes a purchase and that purchase can be tracked back to the offer. If you know who is actually redeeming offers and how much they are spending… Read More

  • Foursquare’s New Deal Partnerships Are No Big Deal

    Foursquare’s New Deal Partnerships Are No Big Deal

    Foursquare this morning announced distribution partnerships with daily deal providers LivingSocial, Gilt City, zozi, BuyWithMe and AT&T. Missing from the list are Groupon, Yelp and Google Offers. With these deals, Foursquare is attempting to solve two problems: liquidity in deals and its own lack of a revenue model. Read More

  • LivingSocial Pays Up $29.4 Million In Stock For Recent International Acquisitions

    LivingSocial Pays Up $29.4 Million In Stock For Recent International Acquisitions

    LivingSocial recently issued stock worth $29.4 million in relation to one or more acquisitions, according to two new SEC filings. The filings show that LivingSocial issued equity valued at $24.6 million and $4.8 million on June 21 and June 22nd, respectively. Just a few days later, LivingSocial announced the acquisitions of international daily deal sites Ensogo (in Thailand and the… Read More

  • The US Group Buying Universe [Infographic]

    The US Group Buying Universe [Infographic]

    While the debate as to whether group buying as whole is a viable business model rages on post-Groupon S-1, there’s no doubt that these social deal things keep sprouting up — Yesterday someone introduced themselves to me as the CEO of a Groupon for moms (and yes I thought it was a good idea). We’ve got Groupons for techies, a Groupon for Jews, what will there be a Groupon… Read More

  • LivingSocial Expands Daily Deals Empire; Buys Ensogo, GoNabit And DealKeren

    LivingSocial Expands Daily Deals Empire; Buys Ensogo, GoNabit And DealKeren

    Looks like LivingSocial is employing the same strategy for international expansion as its rival Groupon: by acquiring local daily deal sites to serve as a foundation for discount distribution on a global scale. According to DailySocial, the company has moved to purchase DealKeren (operational in Indonesia), its parent company Ensogo (which offers daily deals in Thailand and the Philippines)… Read More

  • New Data For The Daily Deal Value Debate: "1/3 Of Buyers Are Brand New Business"

    New Data For The Daily Deal Value Debate: "1/3 Of Buyers Are Brand New Business"

    Research firm ForeSee Results put its analysis spotlight on the daily deal industry, concluding that discount distribution services offered by companies such as Groupon, LivingSocial and Google do in fact bring lots of new customers to merchants’ doorsteps. According to ForeSee, 38 percent of the people purchasing daily deals were already frequent customers of the merchant in question… Read More

  • Daily Deals And The Potential For Fraud

    Daily Deals And The Potential For Fraud

    In my post about Groupon’s potential for collapse, I talked about the possibility of merchant fraud. Because Groupon pays merchants everything within 60 days, they are exposed to the possibility of fraud or the merchant going out of business. Other deal providers pay even faster. LivingSocial pays out everything in about 15 days. Google Offers pays out 80% in about four days. Nobody… Read More