LivingSocial - SocialTimes

Will You Order Pizza on LivingSocial?

Devon Glenn — Fri, 27 Apr 2012 15:48:22 +0000

LivingSocial.com is bringing the deals right to your doorstep. Bloomberg reports that the company has acquired ONOSYS, an online ordering system based in Cleveland, OH that facilitates pizza deliveries and other takeout services.

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Zuckerberg in Japan | LivingSocial Takes on Takeout | Draw Something Scam

Andrew Freedman — Fri, 30 Mar 2012 08:30:50 +0000

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Star-struck Japan PM Befriends Facebook’s Zuckerberg (Reuters)
Japanese Prime Minister Yoshihiko Noda frequently entertains dignitaries from all over the world, but he was a touch star-struck on Thursday when he hosted a young billionaire with a whiff of celebrity: Facebook chief executive Mark Zuckerberg. As cabinet ministers filed through Noda’s residence for a late afternoon meeting, it was Zuckerberg who drew a fusillade of camera flashes from a hefty media contingent as he strode through the entrance like a movie star. ZDNet It is still not clear exactly what Zuckerberg’s visit to Japan will entail, but it is already appearing more business orientated than his holiday in China. AllFacebook The International Herald Tribune’s Rendezvous blog reported that Zuckerberg and girlfriend Priscilla Chan were spotted in Shanghai Tuesday, immediately fueling speculation that Facebook was making another attempt to gain a foothold in a market where access to the social network is severely restricted. continued…

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What You Need to Know About the Seven Hottest Social Media IPOs

Tom Johansmeyer — Tue, 04 Oct 2011 13:00:10 +0000

The IPO market ground almost to a halt in the middle of August, but that doesn’t seem to have hit anyone’s lust for a celebratory opening bell. Even with a record number of canceled or delayed IPOs, we’re seeing a record number of companies filing. Among them, of course, are a handful of social media companies that people have been watching for a while, waiting for the big days.

There’s plenty of speculation out in the marketplace right now. Let’s take a look at where the seven hottest pre-IPO social media companies currently stand:

1. Facebook: that’s the one everybody cares about, right? And by everybody, I include the folks at Zynga, who have IPO ambitions of their own. Well, here’s the deal: nobody seems to know when Facebook is going public (except maybe Mark Zuckerberg, Sheryl Sandberg and a handful of others). In April, however, the social media giant is going to have to file with the SEC because it has more than 500 shareholders. When they are forced to open the kimono, an IPO is expected to follow. That could come in September 2012.

2. Groupon: can you believe these guys are still pushing forward? After several amendments to the SEC documents they filed with the SEC, because CEO Andrew Mason apparently loves to see his own words in the press, several senior-level employees have departed the company. Nonetheless, Groupon remains committed to going public.

3. TripAdvisor: this customer review site for the travel sector filed earlier this year and hasn’t said anything about altering its plans. So, there’s a chance Expedia will still spin it off this year. Of course, there are signs of trouble nearby: Kayak, which also plays in the online travel space, recently revealed that it’s deferring its IPO.

4. Glam Media: could this online advertising platform take the plunge? It’s still in the rumor stage right now, but the company has hired a CFO who has gone the distance before. That’s usually a good sign that the idea of going public is being bandied about internally.

5. Zynga: there are so many reasons for Zynga not to go public, but the company hasn’t pulled back from its filing. In fact, it issued an amended one last week, which left accountants wondering how to depreciate virtual assets. The consensus is that Zynga is a fairly strong company, and its brand will help with an IPO even in a volatile market.

6. LivingSocial: While Groupon is gung ho to go public, its competitor is showing more caution. The latest development may be to accept another round of venture capital money (amounting to $200 million), in lieu of a near-term IPO.

7. Twitter: you’re going to have to wait for this one. The earliest Twitter would go public, according to the rumors going around, is sometime in 2013. This might be smart. Twitter has some work to do developing revenue streams, making smart acquisitions and building out its platform with new features that have been owned so far by its application ecosystem. But, if Twitter can’t pull all this off, it will have missed an opportunity to cash out when expectations were lower.

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Are Tech IPOs Coming Too Soon?

Tom Johansmeyer — Mon, 29 Aug 2011 13:55:40 +0000

It’s a pretty wild question, given the tenor of recent news coverage. Former employees of companies still private, such as Facebook, have been moving to the likes of SecondMarket and SharesPost for some early liquidity. Many CEOs, including Mark Zuckerberg, are said to be showing patience, instead of rushing to ring the opening bell. Yet, this might not be characteristic of the tech sector as a whole. The recent wave of S-1 filings might indicate that something else is amiss.

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Elevator Pitch: Is Yipit the Next Big Thing? [Video]

Andrew Gauthier — Fri, 12 Aug 2011 10:35:05 +0000

In the latest episode of MediabistroTV‘s “Elevator Pitch,” host Alan Meckler sizes up Yipit, a daily deals aggregator that delivers promotions from places like Groupon and LivingSocial.

So, what do you think? Is Yipit the next big thing? Leave your thoughts in the comments section…

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Twitter and Others to Block Shareholders from SharesPost and SecondMarket

Tom Johansmeyer — Mon, 08 Aug 2011 14:35:15 +0000

Have you been following the action on SharesPost and SecondMarket? These exchanges for private company stock have attracted a hefty amount of attention, as they’ve given some insight into the valuations that companies like LinkedIn, Pandora and even Facebook could fetch at an initial public offering. Former employees, especially, have been unloading shares in order to recoup some of what they sacrificed in salary. The dollars flowing through are staggering.

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LivingSocial Buys Ticket Monster Expanding Further into the Asian Market

Kenna McHugh — Wed, 03 Aug 2011 10:31:55 +0000

LivingSocial is definitely expanding into the lucrative Asian market. The social shopping platform demonstrated its desire by buying Ticket Monster. The purchase is considered one of the biggest acquisitions for LivingSocial so far and is the ninth company it has purchased.
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BIG MONEY: Social Media and Consumer Web Dominate SecondMarket Action

Tom Johansmeyer — Wed, 27 Jul 2011 14:26:59 +0000

Where is all the money going? Well, it’s easy to find out on SecondMarket these days. The New York-based marketplace for private company stock has just released its second-quarter/first-half results. To check out the infographics from the SecondMarket report, take a look at the slideshow immediately below. Then, dig deeper into the 11 major insights that we have identified from the report. Some of what you see will definitely take you by surprise.

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Penn Museum Hip to Social Media

David Cohen — Fri, 22 Jul 2011 15:00:35 +0000

Being the community manager of a museum doesn’t mean that you can’t use modern technology to promote your place of employment. Just ask Josh Lawrence of the Penn Museum.

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What Is Foursquare Planning By Working With LivingSocial?

Kenna McHugh — Thu, 14 Jul 2011 08:53:12 +0000

Foursquare is starting a new marketing component to its trendy mobile apps. The location-based service platform has incorporated daily deals with partners Living Social, Gilt City, BuyWithMe, zozi and AT&T (YP.com deal of the day) in Atlanta, Dallas/Ft. Worth, and Los Angeles.
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Is LivingSocial Talking to Bankers About an IPO?

Tom Johansmeyer — Thu, 30 Jun 2011 12:30:17 +0000

Groupon isn’t the only social deals company looking to move from Main Street to Wall Street. According to Reuters, LivingSocial is getting ready to make the plunge into public capital markets. The company is said to be meeting with banks and is seeking to raise $750 million in capital in an initial public offering. It’s said to be valued at between $10 billion and $15 billion.

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Groupon and LivingSocial ‘Sit as Gorillas Among Ants’

Kenna McHugh — Wed, 15 Jun 2011 13:45:06 +0000

Groupon and LivingSocial are predominately the leaders in the daily deal market according to comScore. In 2010, Groupon was reportedly worth $1.5 billion, and months later turned down a $6 billion buyout from Google. With the recent IPO filing with SEC, the social shopping platform value could increase up to $20 billion. LivingSocial appears to be in the same light with its valuation doubling as high as $3 billion and gaining Amazon’s support as a strategic investor.
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4 Pre-IPO Companies with White-Hot Valuations According to SharesPost Activity

Tom Johansmeyer — Tue, 07 Jun 2011 10:30:08 +0000

Once upon a time, a moistened finger was raised into the air … and the result was private company valuation. Much has changed since then, of course, and the advent of private company trading environments –such as SecondMarket and SharesPost – makes it feel easier to pin a real number on companies that have yet to complete the IPO process.

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23 Million Americans Bought From Online Deal Sites

Kenna McHugh — Fri, 22 Apr 2011 12:50:15 +0000

In the past year, 23 million Americans or 10 percent of the adult population purchased a coupon from an online site such as Groupon or LivingSocial, according to a survey conducted for the American Institute of Certified Public Accountants by Harris Interactive. The results reflect the beginning of the “deal culture” where consumers keep a sharp focus on their financial priorities.
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Two-Thirds of the U.S. Consumers Download Coupons

Kenna McHugh — Tue, 12 Apr 2011 14:30:40 +0000

More than two-thirds of U.S. consumers say they have downloaded a printable coupon from a Web site, according to a new report from marketing research firm Morpace.

While printable online coupons have been part of retailers’ incentive strategies for a few years, they are still a relatively small part of total coupon distribution in the U.S. But I am sure that is about to change with Groupon, LivingSocial and Foursquare taking an aggressive awareness campaign to draw consumers to online coupons.
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