Residing Social UK & Ireland Evaluations

LivingSocial is an internet marketplace that enables folks to buy and share deals on the most effective things to do in their cities and beyond. In a 12 months-end securities filing with the Securities and Change Commission, Groupon mentioned it bought LivingSocial for no consideration,” which implies it paid just about nothing for a high rival that after was valued around $6 billion. In that same filing, Groupon touted an increase in energetic users for the total 12 months, partially as a result of LivingSocial.\n\nGroupon had 52.7 million energetic users at the end of the fiscal 12 months, compared with 48.9 million in the 12 months-precedent days. That includes roughly 1 million incremental energetic prospects from the LivingSocial acquisition. Despite the sturdy quarter, Groupon still has to face a variety of challenges, including declining international revenues.\n\nOverseas sales fell to 26.3% of whole revenue in 2016, compared with 27.8% and 31.6% in the two years prior. The common analyst ranking on the stock is the equivalent to hold, while the common 12-month value target is $4.74, in accordance with FactSet. LivingSocial is an internet marketplace that enables its registered users to buy and share things to do in their city.\n\nIt was reported that the company had raised $800 million and was valued at $4.5 billion. In 2011, it generated $238 million in revenue but lost $499 million. On April 26, 2013 it was announced that LivingSocial’s database had been hacked, affecting 50 million registered users.\n\nThe announcement acknowledged that credit card data was stored in a separate database and was not compromised, but that person data including passwords, previously encrypted by LivingSocial as a precaution, had been exposed. In November 2013, LivingSocial’s website went down for practically 48 hours after a database error.