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YES, IT'S A CRISIS: 1,000 Jobs Gone At Groupon And LivingSocial; Can The Daily Deal Sector Turn It Around?

YES, IT'S A CRISIS: 1,000 Jobs Gone At Groupon And LivingSocial; Can The Daily Deal Sector Turn It Around? | Business News & Finance | Scoop.it

The daily deal world is in turmoil.
LivingSocial just announced the firing of 400 employees, which is about 8.9% of its total workforce.
What's more unnerving is that over the past six months, Groupon reduced its workforce by 648 positions.
More than 1,000 reductions across both businesses is a huge deal. Those reductions aren't all layoffs; some are through attrition.
To cap it all, Groupon CEO Andrew Mason's job was in question all week, and he only received his board of directors' seal of approval late Thursday.
If this was happening at Facebook or Twitter — or any other major tech brand — people would be freaking out.
So why isn't anyone freaking out yet?

 

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Kyle Pease Foundation, Atlanta Half Marathon | Jim Sayih's Fundraiser

Kyle Pease Foundation, Atlanta Half Marathon | Jim Sayih's Fundraiser | Business News & Finance | Scoop.it
"Thank you for visiting my fundraising page! On March 20, 2016, Michael and I will be competing in the Publix Half Marathon (13.1) (or Marathon for a few brave souls). Donations $50 or more I will customize a Complimentary Nutrition Plan or Fitness Program for you. Thank You!
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Valentine’s Day By The Numbers

Valentine’s Day By The Numbers | Business News & Finance | Scoop.it

Valentine’s Day By The Numbers Valentine’s Day is the third largest consumer holiday in the United States by amount spent, with the $19.7 billion that we shell out in Cupid’s name each year coming in just [...]...

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Buy Twitter stock? Depends on whether you believe in management

Buy Twitter stock? Depends on whether you believe in management | Business News & Finance | Scoop.it
Some analysts downgraded Twitter and lowered price targets after the company reported earnings, but others say positive changes can still materialize.
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Crowdfunding sites and finance houses merge - FT.com

Crowdfunding sites and finance houses merge - FT.com | Business News & Finance | Scoop.it
Equity crowdfunding platforms are teaming up with professional finance houses as they look to move away from the mass market towards sophisticated private investors. InvestingZone, which is majority owned by venture capitalist , has merged with
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10 stocks leading the U.S. market’s decline Thursday

10 stocks leading the U.S. market’s decline Thursday | Business News & Finance | Scoop.it
About 80% of companies in the S&P 500 are falling.
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Casey Anthony opens Case Photography in West Palm Beach

Casey Anthony opens Case Photography in West Palm Beach | Business News & Finance | Scoop.it
She filed papers with the state to launch Case Photography LLC in West Palm Beach.
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Concerns Raised Over Reported Rise in Crime Against Asian Americans in NYC

Concerns Raised Over Reported Rise in Crime Against Asian Americans in NYC | Business News & Finance | Scoop.it
New York congressional members sent a letter to the NYPD expressing concern over what they say is a rise in crime against Asian Americans.
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Real Estate/Ahead of the Deal: 150,000 new South Florida condo units announced this cycle

Real Estate/Ahead of the Deal: 150,000 new South Florida condo units announced this cycle | Business News & Finance | Scoop.it
Developers have surpassed the 50,000-unit milestone for new condos announced to be developed east of Interstate 95 in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach during this real estate cycle that began in 2011.
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Social Chats Finance with Tonya and Harry 2416

Social Chats Finance with Tonya Scholz and Harry Turkish chat about this week's #marketviews
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Let’s Be Honest About The Problems With Blockchain And Finance

Let’s Be Honest About The Problems With Blockchain And Finance | Business News & Finance | Scoop.it
Strange times we live in. The world’s biggest financial players and analysts are buzzing about an invention that became famous partly by promising to..
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Martin Shkreli takes the Fifth before Congress

Martin Shkreli takes the Fifth before Congress | Business News & Finance | Scoop.it
Former pharmaceutical executive Martin Shkreli, who prompted a public outcry last year for raising the price of a lifesaving medication, asserted his Fifth Amendment right not to testify Thursday before a House committee probing escalating drug costs.
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Social Chats SFL with Tonya Scholz chat with Silvia Lu, founder of Feng Shui Institute

Social Chats SFL with Tonya Scholz and Maria De Los Angeles chat with Silvia Lu, founder of Feng Shui Institute
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Those born in the Year of the Goat luckiest in the Year of the Monkey - Nation | The Star Online

Those born in the Year of the Goat luckiest in the Year of the Monkey - Nation | The Star Online | Business News & Finance | Scoop.it
KUALA LUMPUR: Those born in the year of the Goat in the Chinese zodiac will be the luckiest people this year, which is the year of the Fire Monkey.
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2016’s Best and Worst Cities for Valentine’s Day

2016’s Best and Worst Cities for Valentine’s Day | Business News & Finance | Scoop.it

What can Valentine’s spending trends tell us about consumer confidence and the health of the overall economy? Not much! Valentine's is about romantic relationships but is also a ritual.

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Here are the states where lovers spend the most on Valentine’s Day

Here are the states where lovers spend the most on Valentine’s Day | Business News & Finance | Scoop.it
The most romantic people in the U.S., based purely on the amount spent on Valentine’s Day gifts, do not come from the prosperous states of California or Texas. They live in the square state of Kansas in America’s heartland, according to a survey from personal finance site Finder.com.
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Thinking about starting a GoFundMe? Here's what you need to know

Thinking about starting a GoFundMe? Here's what you need to know | Business News & Finance | Scoop.it
A Plain City family had trouble getting Medicaid in a dire situation and it turned out that GoFundMe was partly to blame. Here’s what you need to know.
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Stocks slammed; gold, oil move; overseas woes for Google, Facebook

Stocks slammed; gold, oil move; overseas woes for Google, Facebook | Business News & Finance | Scoop.it

Overseas woes for Google, Facebook A couple of major tech companies are facing flaps overseas.

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Cryonics Breakthrough: Frozen Rabbit Brain Successfully Recovered - Breitbart

Cryonics Breakthrough: Frozen Rabbit Brain Successfully Recovered - Breitbart | Business News & Finance | Scoop.it
A team of scientists with California-based research outfit 21st Century Medicine has successfully frozen and recovered the brain of rabbit.
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Instagram launches account switching on iOS and Android

Instagram launches account switching on iOS and Android | Business News & Finance | Scoop.it
Facebook-owned Instagram today announced that starting this week, users will be able to switch accounts when using the app on Android and iOS.
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SoBe, so long: After $59 million apartment sale, locals dread rent hikes

SoBe, so long: After $59 million apartment sale, locals dread rent hikes | Business News & Finance | Scoop.it
Henry Williams’ rent is going up in South Beach — and the black heels and burnt-orange wig lying in his living room won’t be able to cover the monthly bill.
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NYC schools get new day off, close for Lunar New Year

NYC schools get new day off, close for Lunar New Year | Business News & Finance | Scoop.it
New York City school kids won’t have to play hooky to celebrate the Year of the Monkey.
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The 2016 Groove Cruise Offered Endless Beats and Lost Teeth

The 2016 Groove Cruise Offered Endless Beats and Lost Teeth | Business News & Finance | Scoop.it
Check out video from the 2016 Groove Cruise.
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Here’s why Daraprim still costs $750 a pill

Here’s why Daraprim still costs $750 a pill | Business News & Finance | Scoop.it
The price of the costly drug has not changed, even after controversial biotech investor Martin Shkreli said it would.
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Wal-Mart to operate its own gas stations

Wal-Mart to operate its own gas stations | Business News & Finance | Scoop.it
For most of the past 20 years, Wal-Mart Stores Inc. has let another company build and operate gas stations in the parking lots of its stores. Now, the retailer has decided it wants to pump its own gasoline.
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Headphone splitters gone rogue: How to share your music with 100 people all at once【Video】

Headphone splitters gone rogue: How to share your music with 100 people all at once【Video】 | Business News & Finance | Scoop.it
For those silent parties without speakers.
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