LivingSocial was once among the toast of the startup world, shooting revenue past $500 million and stirring up talk of an IPO with a $15 billion market cap. Now, however, Amazon is downgrading its investment in almost a third of the daily deals site to zero. And the company, currently without a CEO, is cutting failed business lines as it tries to right-size itself after a big divestiture.
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TheStreet (July 15, 2014) 2013 was a record year for data breaches in New York, at least according to a report from the New York State Attorney General's office. Public and private institutions in New York experienced more ... watch video
TheStreet (June 5, 2014) Amazon announced it will launch a new product on June 18th in Seattle. The online retail giant teased the market with a Twitter photo of a shiny black device with the Amazon logo. A launch video ... watch video
TheStreet (July 3, 2014) Amazon said it was prepared to take the Federal Trade Commission to court in defense of allegations it had failed to prevent unauthorized transactions by children on its tablets. Amazon said it would ... watch video
Newsy (Mar. 14, 2014) Blog Zatz Not Funny leaked images of an Amazon-branded controller, essentially confirming the rumors that Amazon will release a set-top box soon.
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Newsy (Apr. 15, 2014) BGR has leaked images of what could be Amazon's smartphone. The outlet's been right about Amazon leaks before. Sources expect an announcement in June.
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Oct. 25, 2016 A weakness has been found in the Haswell central processing unit (CPU) components that makes common computer operating systems vulnerable to malicious attacks. Computer hackers could take control of ... read more
Oct. 24, 2016 “Rigged” election rhetoric in the headlines aims to cast doubt about the security of the American voting system; however, people have a sense of whether a voting system is secure, according to ... read more
Oct. 27, 2016 Malicious websites promoting scams, distributing malware and collecting phished credentials pervade the web. As quickly as we block or blacklist them, criminals set up new domain names to support ... read more
Oct. 25, 2016 Americans waste up to $19 billion annually in electricity costs due to "vampire appliances," always-on digital devices in the home that suck power even when they are turned ... read more
Oct. 25, 2016 Images and references to alcohol and tobacco in popular video games may be influencing UK teens who play the games and the age restriction system is not working, according to a new ... read more
Apr. 7, 2016 Researchers developed a theoretical model that considers the strategic interaction between a daily deal website, a merchant and consumers. They found that by providing sales information, daily deal ... read more
Apr. 4, 2016 Conventional wisdom in strategy holds that companies need to choose between cost-cutting or revenue growth. Pursuing both strategies at the same time can result in incoherence -- or getting stuck in ... read more
Feb. 2, 2015 Online-selling pioneer Amazon.com has utilized three individual business models, by means of which it engages in productive cooperation with its competitors. By harnessing its competitors within its ... read more
May 22, 2012 While daily deal websites and flash sale websites offer a service or product at a discount to bring in new consumers and incentivize them to return, consumers are not coming back after the initial ... read more