The daily deals service LivingSocial has been hacked and will begin sending notifications out to users this afternoon. Fifty million of the company’s 70 million users were affected.
LivingSocial Hacked; 50 Million Users Affected
daily deals
Mediabistro Event
We're kicking off our upcoming Social Media Marketing Boot Camp with a special keynote presentation by Ella Chick (left), the digital producer at Anderson Cooper 360°. She'll discuss how the network uses social media for breaking news and leverages social media to draw attention to organizations and causes. Learn more about our program and register here.
Build a Social Business with the Digital Producer at Anderson Cooper 360°
We're kicking off our upcoming Social Media Marketing Boot Camp with a special keynote presentation by Ella Chick (left), the digital producer at Anderson Cooper 360°. She'll discuss how the network uses social media for breaking news and leverages social media to draw attention to organizations and causes. Learn more about our program and register here. LivingSocial Co-Founder Aaron Batalion Goes It Alone
LivingSocial co-founder and chief technical officer Aaron Batalion will leave the company, he said today on his blog. Batalion indicated he is not leaving to take another job.
Groupon Stocks Tumble on News of Weak Quarter
Groupon reported a $0.12 adjusted loss per share today, missing analyst expectations and sending its stock tumbling after hours.
LivingSocial Secures Much Needed Funding
LivingSocial has raised $110 million in additional funding from existing investors, according to a report in the Washington Post citing a staff memo written by CEO Tim O’Shaughnessy.
Groupon Shows Merchants the Money With Deals Profits Reporting
For the first time, Groupon is showing the small businesses that sponsor its deals how much money the offers make for them. The company began serving up a Merchant Impact Report in its Merchant Center today after a beta trial with more than 1,000 merchants.
Groupon Acquires Location Service Startup Glassmap
Groupon has acquired the Y Combinator-backed startup Glassmap, whose business products target deals to customers nearby. The deal was announced by Glassmap on Friday, and terms were not disclosed.
Groupon Is a Local Business Engine, Says Embattled CEO Andrew Mason
In an on-stage interview in San Francisco in which he declined to address questions about whether he would stay on as Groupon CEO, co-founder Andrew Mason described his company as a local business engine that will build shareholder value over the long term.
Andrew Mason to Remain CEO of Groupon
Rumors that Groupon’s board will be replacing founder and CEO Andrew Mason have been laid to rest. Following a company board meeting on Thursday, it was decided that Mason will continue to serve as chief executive for the daily deal site, amid concerns that the company has outgrown its young founder.
PayPal Launching Mobile Daily Deals Service to Battle Groupon and LivingSocial
PayPal, owned by eBay, is going head to head with Groupon and LivingSocial by unveiling a plan to offer coupons to its massive base of 103 million users. With Groupon recently having gone public and hovering a little under it’s IPO price of $25 and holding a market cap of $15B, investors see the daily deals market as a potentially lucrative one. So it’s no surprise that PayPal wants to get in the game.
A Merchant’s Experience of Groupon
Find out what Toronto Business Owner Zane Caplansky says about his experience with deal-of-the-day website Groupon.
