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kristin · 01-24-2011, 08:25 AM

The only legit reason Living Social having a huge bump was because it did a $10 for $20 Amazon deal. Kicker is, this wasn't a partnership done by Amazon; Living Social bought those Amazon $$.

"Typically, retailers sell the coupons directly to consumers for the discounted price, and LivingSocial takes a cut, generally 30 percent. But for this deal, LivingSocial bought the gift cards from Amazon and is selling them itself," the Times wrote."

http://www.pcmag.com/article2/0,2817,2376080,00.asp

01-24-2011, 08:25 AM
kristin GOO! Industry Role: Join Date: Sep 2002 Location: Back Home : ) Posts: 9,768	The only legit reason Living Social having a huge bump was because it did a $10 for $20 Amazon deal. Kicker is, this wasn't a partnership done by Amazon; Living Social bought those Amazon $$. "Typically, retailers sell the coupons directly to consumers for the discounted price, and LivingSocial takes a cut, generally 30 percent. But for this deal, LivingSocial bought the gift cards from Amazon and is selling them itself," the Times wrote." http://www.pcmag.com/article2/0,2817,2376080,00.asp __________________ Vacares rules. "Usually only fat guys have the kind of knowledge and ability that Kristin has." Last edited by kristin; 01-24-2011 at 08:26 AM..