LivingSocial Taps Amazon Investment by Giving Money Away (Sort Of)

Today’s LivingSocial deal is offering $20 gift cards to Amazon.com for only $10. The offer follows Amazon’s $175 million investment in LivingSocial, which is a group-buying, daily deals company based in Washington, D.C., that is in fierce competition with Groupon. While the money isn’t free, users who take advantage of the offer in roughly the next 24 hours will essentially receive 50 percent off a $20 Amazon.com gift card. By this morning, nearly 420,000 gift cards had already been purchased.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik