The success of group buying, daily deal sites has gotten a lot of attention lately, most recently in the form of Groupon’s rebuffing of Google’s reported $6 billion buy-out offer (not bad for a company that didn’t exist until November of 2008). The success of Groupon however, hasn’t gone unnoticed and a variety of similar businesses have been popping up, one in particular, which has become quite successful in its own right is LivingSocial.
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