The future of the daily deals market looks bleak as industry leaders Groupon and LivingSocial each faced serious issues in the past week. “The field is going through some growing pains,” Yipit research firm’s Unaiz Kabani told CNN. Analysts have seen signs of distress for months, … [Read more...]
Amazon Reports First Quarterly Loss in Five Years
Amazon stock sank today after the company posted its first quarterly loss since 2003. It was no small stumble, either. The Seattle-based company reported a loss of $274 million. The 60-cents-per-share loss greatly exceeded the 8-cents-per-share loss Thomson Reuters analysts had … [Read more...]
