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Groupon (GRPN -4.1%) slides after top rival LivingSocial states it has raised $110M in a new...

Groupon (GRPN -4.1%) slides after top rival LivingSocial states it has raised $110M in a new funding round, guaranteeing its near-term survival. Amazon (AMZN), which has a 29% stake in LivingSocial, disclosed in its 2012 10-K LivingSocial posted revenue of $536M (+114% Y/Y) and a net loss of $71M (exc. a $579M impairment charge) last year. Amazon valued its stake (the subject of a major write-down) at $52M, which implies a $179M valuation for the entire company. (previous)
Comments (1)
  • chongkim74
    , contributor
    Comments (696) | Send Message
     
    HOLD...until the earnings on the 27th. I can see the market going through >10% adjustment. Red everywhere...and I doubt it will be only for today.
    20 Feb 2013, 03:14 PM Reply Like
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