Groupon acquires location-tracking startup

Daily deals site Groupon has acquired a company called Hyperpublic, a startup that specializes in location-based technology.

LivingSocial developing $1 billion IPO

The daily deal site LivingSocial is reportedly meeting with banks to develop an initial public offering of about $1 billion.

LivingSocial sells $20m in discounted Amazon cards

In the span of less than 24 hours, more than $26 million has been snatched up in gift cards, courtesy of a leading online coupon destination.