How does LivingSocial make money?
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How does LivingSocial make money?
LivingSocial generates revenue primarily through the sale of vouchers, products and experiences listed on its website. For each sale the Company takes a commission, described by the Company as a marketing fee.
Is Groupon affiliated with LivingSocial?
Great news! As we publicly announced in our Q3 earnings report last week, Groupon and LivingSocial are combining forces. This means that you’ll have even more ways to promote your business and connect with new customers in your local community.
Who owns LivingSocial?
Groupon
LivingSocial Inc./Parent organizations
In October 2016, Groupon Inc. purchased LivingSocial for an undisclosed amount. The Washington Post later reported this amount was $0.
How much did Groupon pay for LivingSocial?
Bit by bit, LivingSocial closed or sold off the international businesses, many for much lower prices than the premium they had paid to buy them. The one exception, its South Korean outfit. Groupon snapped it up for $260 million in 2013, a windfall that would prove essential to keeping LivingSocial afloat.
What is Groupon model?
Groupon business model is a two-sided marketplace where local consumers meet deals from local merchants. The company makes money by selling local and travel services and goods. Its value proposition based on attracting local customers to local merchants is quite compelling.
What type of business is Groupon?
e-commerce marketplace
Groupon is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 15 countries….Groupon.
| Type of business | Public |
|---|---|
| Total assets | US$1.412 billion (2020) |
| Total equity | US$288 million (2020) |
| Employees | 4,159 (2020) |
Where are LivingSocial based?
Chicago
Chicago, U.S. LivingSocial is an online marketplace that allows its registered users to buy and share things to do in their city. Formerly headquartered in Washington, D.C., LivingSocial had roughly 70 million members around the world in 2013.
What is LivingSocial app?
Description. LivingSocial is your guide to Discover and Save on great activities, events, dining, spas, salons, fitness, getaways and more. Download the LivingSocial app to find amazing places to go and things to do – in your local area or your next destination.
Who created LivingSocial?
Eddie Frederick
Val AleksenkoAaron BatalionTim O’Shaughnessy
LivingSocial Inc./Founders
LivingSocial was founded in 2007 by four friends, Aaron Batalion, Tim O’Shaughnessy, Eddie Frederick and Val Aleksenko, who had worked together at a health care start-up called Revolution Health Group.
What is the meaning of Groupon?
The word “Groupon” is a portmanteau of the words group and coupon. The company partners with providers of goods and services by hosting a discount deal and keeping a percentage of the profit as a marketing fee.