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Top Groupon (GRPN) rival LivingSocial says 50M customer accounts were hacked. Names, e-mail...

Top Groupon (GRPN) rival LivingSocial says 50M customer accounts were hacked. Names, e-mail addresses, and encrypted passwords were accessed, but not credit card numbers. The breach comes shortly after Amazon (AMZN), which owns 29% of LivingSocial, provided more dispiriting financial data for the daily deals site in its Q1 10-Q. Though LivingSocial's revenue rose 23% Y/Y in Q1 to $135M, it also posted a $50M net loss. (2012 figures)
Comments (3)
  • krk
    , contributor
    Comments (821) | Send Message
     
    And yet Amazon adds more money to bad money !
    In 1Q13 it kicked in an additional $56 million into this sink hole to increase its stake to 29% after having written off $169 million during 3Q12.
    26 Apr 2013, 06:04 PM Reply Like
  • maximumvalues
    , contributor
    Comments (436) | Send Message
     
    IM short AMZN and feeling good about it after today. Im in the green with an average in just under $270 .... sweee stuff. Looks like a technical breakdown on the WEEKLY AMZN chart with RSI print after todays romping to RSI WEEKLY 48.94 close.

     

    The business i work for could easily double revenue by selling cars at a loss but long term that is not a good strategy. AMZN runs such tight margins that any minor slip will end up a major financial loss.

     

    AMZN should be $50 stock even though if value like AAPL it would be $10 or less since it does not pay a dividend.

     

    Im short AMZN , MAR, and MDVN
    26 Apr 2013, 10:00 PM Reply Like
  • mrtt
    , contributor
    Comment (1) | Send Message
     
    ThreadThat dot com provides free, easy-to-use, end-to-end encrypted electronic communications. You have the option to prevent password resets so that hackers cannot take control of your TT account. This is especially important when sharing sensitive information electronically.
    27 Apr 2013, 08:38 AM Reply Like
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