Amazon's (AMZN +7.9%) Q2 results helped Groupon (GRPN +14.8%) in more ways than one. Found...

|By:, SA News Editor

Amazon's (AMZN +7.9%) Q2 results helped Groupon (GRPN +14.8%) in more ways than one. Found within Amazon's 10-Q for the quarter is the news that top Groupon rival LivingSocial, in which Amazon has a 31% stake, posted Q2 revenue of $138M (+133% Y/Y), and an operating loss of $96M. Groupon is currently expected to generate Q2 revenue of $578M, and an operating profit of $73M. (more on AMZN) (transcript)