Last December Amazon had declared there 5 million investment in LivingSocial, to help the site locate in various other regions. On January 19th it gave away the best deal for Amazon. It had offered half Price deals in Amazon.com and in less that eight hours over 80,000 signed up for Amazon deals.
LivingSocial deals for Amazon.com included the offer of getting a voucher of Amazon in . Needless to say, the deal is a great hit and from the profit point of view the site is close to earning million from the deal. This results in a net revenue of million which will then be split between the two.
The website seems to be determined to win over the world with all it's amazing deals and their approach. It is now available in Facebook and Twitter and has also declared incentives for people who bring in more buyers. If three other people sign up for the deal due to your recommendation then you get a Amazon voucher for free.
LivingSocial Amazon deal is open for only it's US customers but the site is now be accessed in Canada, UK, Ireland and Australia. Amazon hopes LivingSocial to earn a revenue of 0 million in 2011.