Category archives for: Finance

Amazon Ready for Daily Deals Fight

Amazon announced yesterday that they will be working closely with LivingSocial to expand their business in all US cities in the coming year. Amazon is a surprise entrant into the local advertising world. The largest online retailer has often stuck close to its core business but step well out-of-bounds with the investment in LivingSocial. Now they […]

Amazon Confirms LivingSocial Investment

Amazon, the largest US-based online retailer, announced today that they have invested $175 million in LivingSocial, a website much like now famous Groupon. LivingSocial is another site in the same area as Groupon where users can buy, sell and trade vouchers from retailers and restaurants all over the US. They have gained favor with consumers who are […]

Cyber Monday Tops $1 Billion in Sales

ComScore announced today that Cyber Monday sales in the US topped $1 billion in total sales, breaking all previous records. This is good news for the online retailers that were hoping all the hype would lead to increased sales and customer counts. Some of the largest online retailers reported that they were seeing sales that […]

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