News Byte

LivingSocial Acquires Stake in Europe's Let's Bonus

LivingSocial has acquired a majority stake in Let’s Bonus, which operates a daily deals site in Spain, Italy, Portugal, Argentina and Mexico. With the stake, LivingSocial now offers steep discounts via email for spas, restaurants and other services in more than 170 markets, serving 16 million subscribers in 10 countries, compared to its archrival, Groupon, which serves 50 million subscribers in 40 countries. LivingSocial did not disclose how much it paid or how big of a stake it purchased. The company recently raised more than $180 million in capital from Amazon and others.

MySpace | A Place for Layoffs, Redux

MySpace has extended its war on bloat overseas. This morning the company announced plans to close at least four of its offices outside the U.S. in a bid to reduce costs. Some 300 of the company’s 450 international employees will lose their jobs as a result.
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MySpace | A Place for Layoffs, Redux

MySpace has extended its war on bloat overseas. This morning the company announced plans to close at least four of its offices outside the U.S. in a bid to reduce costs. Some 300 of the company’s 450 international employees will lose their jobs as a result.
largest-axe3jpg-150x150jpg1

Woz Lives to Stumble Around, Oops, Tango, Another Day!

Getting a foot fracture, pulling a hamstring, claiming there was a voting conspiracy, getting an abysmal score of 10 out of 30 from the judges (the lowest score ever) and, of course, dancing with as much grace as a block of cement were not enough to sink the Good Ship Wozniak last night on “Dancing With the Stars.” Instead, the people spoke loud and proud for continued goofiness by voting for the clod-hopping Apple co-founder in droves and tossing off actress and Charlie Sheen nemesis, Denise Richards. Next up: Tango Argentina! Or, most likely in Woz’s version: Mangled Argentina.
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