LivingSocial Sells 27,000 Meals in Three Hours to Promote Real-Time Offers

LivingSocial sold 27,000 lunches in three hours today in Washington, D.C., as part of a promotion to highlight its new Instant Deals feature. The service allows people to get special offers immediately from their phone, rather than having to purchase them in advance to redeem later. For a short time today only, midday meals were marked down to $1 at 120 merchants–the next best thing to a free lunch. A spokesperson declined to comment on how much the merchants received for participating. Groupon is experimenting with a similar service called Groupon Now.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work