LivingSocial Confirms Big New Round from Amazon, Plans More Expansion
LivingSocial got big on Facebook by creating applications that allowed people to list and share their interests, but it transitioned to provide group deals as that concept — led by rival Groupon — exploded. The switch is paying off, as LivingSocial today announced a huge $175 million round of funding from e-commerce giant Amazon, plus $8 million from Lightspeed Venture Partners.
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