Living Social has been on the lookout for a new chief executive for more than six months. On Tuesday, they finally revealed that they had found someone who happens to be the CEO of Shopping.com and the general manager of eBay’s advertising business, Gautam Thakar.
Thakar was an excellent choice because he has the potential to allow them to grow rapidly after they have been experiencing months of decline. He has a pedigree in e-commerce and digital marketing, which was something that really made appointing him easier than ever.
The former chief…
Users will not leave home without a list of things, with keys being at the very top, obviously. However, smartphones are rising on the list, even before cash and credit cards. This is why many businesses are trying to make mobile devices a way for them to accept payments and according to PayPal mobile payments is on the rise.
What Various Surveys Reveal
Currently, studies are showing that it varies globally when it comes to mobile payments. For example, 90% of China surveyors take pay from their phone,…
We all are familiar with the Groupon site, which provides users with extravagant deals for a variety of different events, travels, etc. One Houston gym decided that they wanted to get in on the action to get more business. However, the Houston gym, which was offering annual memberships just a few short days ago, has now closed down.
The Groupon members who purchased the gym deal for their prepaid membership that they expected to be able to utilize for one year, at least, are furious. Some members went there to only…
Groupon investors have been getting a raw deal for the majority of the year 2014. Since the deals giant reached its 2014 to date high of $12.42 in January its shares have been dealing with a lot of pressure, falling approximately 50%. Currently, the stock at $6.40 is down more than 45%. However, the upside is Groupon investors have received some much deserved good news this past Tuesday. One of the analysts upgraded the Groupon shares to buy from neutral in addition to raising his target price from $6 to $9.50.…
John Bax, Chief Financial Officer of LivingSocial – online marketplace – has decided to leave the company after four years. This comes just six month after the resignation announcement of co-founder of Chief Executive Officer Tim O’Shaughnessy who has not yet vacated his position as he awaits succession.
Bax’s resignation does not come as a surprise as he began planning his exit in 2013. This allowed LivingSocial to make the necessary adjustments in preparation for his last day at the end of July. Dan Federico, Vice President of Finance…
Fully funded by over 1400 funders of its Kickstarter campaign, Meh – a daily deals site - launched today. The founder of Woot – now owned by Amazon – is at the helm, determined to return to the simple one-deal model. A limited number of one particular item will be made available each day at a fantastic price. Once the item has sold out, users will have to wait until the next day to scope out the next deal. This is a return to the days of frantic excitement, rushing…
Sources from nCrowd tell us that they are exploring a merger deal with TeamBuy. nCrowd has grown aggressively by acquiring the deal business from Saveology, KGB, Eversave and others.
Teambuy merged with DealFind and is one of the leading daily deal companies in Canada.
Stay tuned, more details coming.
Just over six months after closing a $40m investment round, led by AOL co-founder Steve Case, Bigcommerce is gearing up to significantly expand its product portfolio and commerce platform, which is currently used by over 50,000 businesses in 137 countries around the world.
Bigcommerce co-founder Mitchell Harper said they had been quietly laying the foundations for an accelerated period of growth, but they were now ready to make a slew of announcements — two marquee hires, the opening of a new San Francisco office and an aggressive move to hire 40 engineers in 60 days.
Harper said: “2013…
Once you’ve decided to start a blog, the next major decision you need to make is what platform to use. There are dozens of options, and most of them probably have the same basic functions. However, there are three that have stood out among the rest due to features, options, and popularity. They are WordPress, Blogger, and Tumblr.
WordPress is the most popular of the three. They offer a free version, as well as a premium version that costs up to $99 per year. WordPress offers both a blogging platform and a full content management…
There are so many daily deal sites out there now; they may all start to look the same. However, there are key differences between many of them that may be more or less appealing to individual shoppers.
Groupon is the most popular daily deal website among consumers. While this news may be discouraging for other daily deal sites, it shouldn’t be surprising. Although they have since expanded the “daily deal” idea; their model is being mimicked by dozens of other companies hoping to cash in on their success.
LivingSocial is generally…