Gautam_Tankar

EBay’s Gautam Thakar named CEO of LivingSocial, replacing co-founder Tim O’Shaughnessy

LivingSocial has finally announced who will be replacing co-founder Tim O’Shaughessy as CEO, seven months after he announced that he would be stepping down. The Washington, D.C.-based daily deals company said today it has hired Gautam Thaker as CEO, reports Re/code. Previously, Thaker was general manager of eBay Advertising and CEO of eBay’s Shopping.com site. Thaker… Read More

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LivingSocial has been down for 22 hours, and counting

LivingSocial, the Amazon-backed daily deals company, has been unreachable from both its mobile app and its website for the past 22 hours, and right now, it doesn’t seem like anyone knows when it will be coming back up. According to AllThingsD, a Twitter complaint pegs the start of the outage at 11:45 a.m. yesterday, and… Read More

livingsocial

LivingSocial closes Seattle office; employees told to work remotely

Amazon.com-backed LivingSocial, the Washington D.C.-based daily deals site, has shut down its Seattle office. The news was first reported by Forbes and we’ve reached out to the company for confirmation. Less than 40 employees who worked at the office were not let go, but rather told to work from home, Forbes reported. The company is still hiring for three… Read More

livingsocial

LivingSocial cuts 400 staffers, Seattle office takes a hit

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

Amazon filing shows $558M loss for LivingSocial in 2011

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

posterous

Hotmail gets interactive with Netflix, Posterous, LivingSocial

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

groupon1

Groupon, LivingSocial challenged over terms of daily deals

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