Skip to main content

LivingSocial receives $175 million investment by Amazon.com

LivingSocial will use this investment to continue its momentum of worldwide launches and overall business growth while continuing to serve deals to more than 10 million current subscribers.

LivingSocial’s rapid expansion has the company currently booking revenues of more than $1 million a day on average and is projected to book well over $500 million in revenue in 2011.

“To be the biggest player in the local commerce space there is no one better to work with than Amazon,” said Tim O’Shaughnessy, CEO of LivingSocial. “As the social shopping space continues to heat up, LivingSocial is committed to staying focused on providing the high level of quality that consumers and merchants have come to expect when working with us.”

LivingSocial lets anyone receive coupons for local restaurants, shops, activities and services in their area. The company has dedicated area experts on the ground in every location working directly with business owners, and researching the best local adventures to bring a savings of 50% to 70% for consumers.

Recently, LivingSocial expanded its business by acquiring adventure company Urban Escapes, a site which offers outdoor excursions.

The daily deals space is increasingly crowded, with at least a dozen competitors vying for attention by consumers through daily emails every morning. The leader in the space, Groupon, is the one to beat and is rumored to be in acquisition talks with Google, reportedly for $6 billion.

If the Groupon/Google acquisition does go through that would significantly change the playing field for its largest competitor, LivingSocial. Currently both companies spend roughly $1 million a month in online advertising, a fee which would likely be waived if Groupon joined Google.




Editors' Recommendations

Laura Khalil
Former Digital Trends Contributor
Laura is a tech reporter for Digital Trends, the editor of Dorkbyte and a science blogger for PBS. She's been named one of…
How to go live on TikTok (and can you with under 1,000 followers?)
Tik Tok

It only takes a few steps to go live on TikTok and broadcast yourself to the world:

Touch the + button at the bottom of the screen.
Press the Live option under the record button.
Come up with a title for your live stream. 
Click Go Live to begin.

Read more
Bluesky barrels toward 1 million new sign-ups in a day
Bluesky social media app logo.

Social media app Bluesky has picked nearly a million new users just a day after exiting its invitation-only beta and opening to everyone.

In a post on its main rival -- X (formerly Twitter) -- Bluesky shared a chart showing a sudden boost in usage on the app, which can now be downloaded for free for iPhone and Android devices.

Read more
How to make a GIF from a YouTube video
woman sitting and using laptop

Sometimes, whether you're chatting with friends or posting on social media, words just aren't enough -- you need a GIF to fully convey your feelings. If there's a moment from a YouTube video that you want to snip into a GIF, the good news is that you don't need complex software to so it. There are now a bunch of ways to make a GIF from a YouTube video right in your browser.

If you want to use desktop software like Photoshop to make a GIF, then you'll need to download the YouTube video first before you can start making a GIF. However, if you don't want to go through that bother then there are several ways you can make a GIF right in your browser, without the need to download anything. That's ideal if you're working with a low-specced laptop or on a phone, as all the processing to make the GIF is done in the cloud rather than on your machine. With these options you can make quick and fun GIFs from YouTube videos in just a few minutes.
Use GIFs.com for great customization
Step 1: Find the YouTube video that you want to turn into a GIF (perhaps a NASA archive?) and copy its URL.

Read more