LivingSocial Counts on Amazon.com’s Help in Groupon ’Gunfight’
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LivingSocial, the second-biggest website for daily deals, will use a $183 million investment led by Amazon.com Inc. to overtake market leader Groupon Inc., the company’s chief executive officer said.
LivingSocial will more than triple its employees next year to 1,800 and more than double the number of cities where it offers deals, CEO Tim O’Shaughnessy said in his first interview since the Amazon.com investment was announced last week. That would bring the service to 300 markets, about the number that Groupon now serves with its staff of 3,000.