- 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.
at Zacks.com (Jan 2, 2015)