Tags » Local Commerce

Groupon adds ad exec Steve Krenzer as new COO, sold assets to Grubhub for $20M

Groupon, the local deals platform, reported Q3 earnings today that provided more details on how it is restructuring its business; and it also took the moment to announce that it has finally appointed a new COO, a role that has been vacant for the last two years. 648 more words

TC

From "Daily Deals" to "Local Commerce"--A Case Study of LivingSocial

In 2011, LivingSocial, which is an app offering instant deal from local retailers for hungry consumers, received $176 million from Amazon. At that time, LivingSocial’s CEO, Tim O’Shaughnessy said, “we think we can redefine how people are interacting with one another.” He had two goals for LivingSocial: overtaking Groupon and maximizing his company’s potential to maintain a sustainable path of growth. 506 more words

Case Study