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 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.