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As Groupon's (GRPN) board gets ready to meet and perhaps decide Andrew Mason's fate, top rival...

As Groupon's (GRPN) board gets ready to meet and perhaps decide Andrew Mason's fate, top rival LivingSocial is reportedly set to lay off 400 people today. LivingSocial, 29%-owned by Amazon (which just took a giant write-down on its investment), delivered a $69M Q3 operating loss on revenue of $124M. Many think Groupon needs to cut headcount as well.
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