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

|By:, SA News Editor

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)