• Business Insider reports that LivingSocial, the Amazon-backed daily deals company that competes with Groupon, booked $8.6 million in revenue on Tuesday, a one-day record for the company.
The reason? A discounted $45 membership at Walmart's Sam's Club that was available on Tuesday. The story says that LivingSocial shared the revenue with Walmart, and the deal ended up being profitable for the deal site.
The reason? A discounted $45 membership at Walmart's Sam's Club that was available on Tuesday. The story says that LivingSocial shared the revenue with Walmart, and the deal ended up being profitable for the deal site.
- KC's View:
