Quote:
Originally Posted by kristin
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 |
If you check the article a bit further down you will see that the blogger is suggesting that these guys are utilizing adware installations and popping over Groupon whenever an infected computer visits it (hence all the incoming groupon traffic in their referrers).
It is quite mesmerizing the amount of money being thrown at these daily deals sites now. Groupon just got a further 950MM in financing earlier this month