‘Amazon Reports $169 Million Loss on LivingSocial’ – ‘Mashable’

The latest post on ‘Mashable’ is titled “Amazon Reports $169 Million Loss on LivingSocial”.

Lauren Indvik says, “Groupon‘s stock price isn’t the only sign that the daily deals bubble has burst: In its third-quarter earnings report, Amazon took a writedown of $169 million, or $0.37 per share, for its stake in daily deals siteLivingSocial. The online retail behemoth made a $175 million investment in the Groupon rival a little less than two years ago”.

Amazon Reports $169 Million Loss on LivingSocial

Mashable.com