Living Social Loss Double Its Revenue
The world’s 2nd largest group buying business, Living Social, lost US$558m on revenues of US$245 million. This financial nugget was contained in the latest results of Amazon, which owns 31% of Living Social.
Market leader Groupon will report its annual results next week. In the nine months to Sept 30 Groupon recorded a net loss of $238 million on revenues of $1.1 billion. Full story in All Things D.
Australia's first Group Buying Summit was staged in Sydney on May 7, 2012. It was a good day with 135 delegates and lots great presentations. Speakers included:
Search Engine Room, Australia's original search event, is returning to Sydney in mid November, 2012.
Please subscribe to newsletter for event updates and if you have any queries, contact Martin Kelly.
Meanwhile, check out images from the last Search Engine Room below.