Seeking Alpha

LiveDeal soars on PR by investor relations firm

  • Shares of LiveDeal (LIVE +35.8%) soar, adding to gains after 6 sequential green days, following a press release by IR firm Stock Market Media Group that the platform has captured ~1K restaurants, or 20% of all dining establishments, in San Diego.
  • LiveDeal attributes the adoption to the higher flexibility of its platform compared to competitors Groupon and LivingSocial and the removal of the intermediary in a sale.
  • The company also expanded to Los Angeles, where "in a few short weeks" the site has brought hundreds of restaurants on board.
  • Stock Market Media Group will release a report on LIVE this week.
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