LivingSocial's O'Shaughnessy: We 'Want to Be the Biggest Player in Local Commerce'

Thanks to Amazon, LivingSocial's CEO Tim O'Shaughnessy has the money and resources to make a run at Groupon's deal-of-the-day throne. Read on to find out precisely how he plans on doing it.

LivingSocial CEO Tim O’Shaughnessy, whose company received a $183 million investment from e-commerce giant Amazon.com late last week, announced that his daily-deals startup will use the funds to outpace Chicago-based frontrunner Groupon, which recently refused Google’s $6 billion purchase offer.

“If you want to be the biggest player in local commerce, having an investor that’s the biggest player in e-commerce seemed like a really smart thing to do.”

O’Shaughnessy noted the disparity in current market share between the two companies, and said that Amazon’s investment only enhances LivingSocial’s arsenal.

“Having

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