LivingSocial cuts 400 staffers, Seattle office takes a hit

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LivingSocial, the Washington D.C.-based daily deals site, has laid off 400 staffers as it aims to turn a profit, a spokesperson tells All Things D. That amounts to a 10 percent cutback, leaving the company with about 4,100 employees. Backed by Amazon.com, LivingSocial operates a branch office in Seattle, which we’ve heard was impacted in… Read More…

LivingSocial CEO responds to Amazon report: We’re not in as bad of shape as you might think

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Amazon.com reported a third quarter loss of $274 million on Thursday, with the online retailer tossing some of the blame on its investment in the daily deals site LivingSocial. According to Amazon, more than half of its losses for the quarter, roughly $169 million, were tied to the Groupon rival. LivingSocial — which boasts a… Read More…

Amazon posts $274 million quarterly loss, weighed down by LivingSocial

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Amazon.com’s third quarter financial results are out and it’s not looking good for the Seattle retailer. The company said net sales rose 27 percent to $13.81 billion in the third quarter. However, Amazon posted a net loss of $274 million, or a loss of 60 cents per share. That compared to analyst expectations of a… Read More…

Amazon filing shows $558M loss for LivingSocial in 2011

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How much does it cost to bulk up and compete with the likes of Groupon in the daily deals market? Amazon.com’s annual Form 10-K filing, made public this morning, reveals detailed financial information about LivingSocial, the privately-held Washington, D.C.-based company in which Amazon is an investor. A footnote in Amazon’s filing gives this condensed statement of… Read More…

Hotmail gets interactive with Netflix, Posterous, LivingSocial

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Microsoft’s Hotmail team today will show how more companies plan to use its “Active Views” technology — interactive email messages that can be updated in the recipient’s inbox, even after they’re sent. Blogging platform Posterous plans to use the technology to let its users see and respond to comments about a post from within an email,… Read More…

Groupon, LivingSocial challenged over terms of daily deals

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More and more people have been embracing daily deals, figuring out how to work within the rules and limitations to score sweet discounts from local merchants. The phenomenon has made group discount services one of the hottest sectors online. But have you actually read the fine print on your latest daily deal, and looked up… Read More…