Tag Archives: ceo

LivingSocial Announces $175 Million Investment by Amazon.com

WASHINGTON (PRNewswire via COMTEX) — LivingSocial (www.livingsocial.com) has secured a $175 million investment from Amazon (Nasdaq: AMZN). LivingSocial has also secured an additional $8 million investment from Lightspeed Venture Partners. LivingSocial will use this investment to maintain a steady drumbeat of worldwide launches and overall business growth while continuing to serve more than 10 million subscribers across the U.S., Canada, UK, Ireland and Australia in more than 120 locations. Because of LivingSocial’s rapid expansion, the company is currently booking revenues of more than $1 million a day on average and is projected to book well over $500 million in revenue in 2011. (more…)

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Amazon.it Launches Today, Providing Vast Selection, Significant Savings and Great Convenience for Italian Online Shoppers

  • New Site Offers Everyday Low Prices on Books, DVD, Music, Video Games and Consumer Electronics – just in time for Christmas shopping
  • Amazon Prime membership program is available with unlimited free guaranteed 2-3-day delivery at an annual fee of 9.99 Euros
  • Introductory offer includes 30% discount on the vast selection of over 2 million Italian- and foreign-language books

SEATTLE, Nov 23, 2010 (BUSINESS WIRE) — Amazon.com today launched Amazon.it (www.amazon.it), an Italian-language website offering customers a vast selection of books, DVDs, video games, music and consumer electronics at everyday low prices. Launching with more categories than any other Amazon web site has launched with, the selection also includes computers, software, small home appliances, watches and toys. Amazon.it’s convenient services include Amazon Prime, the membership program with unlimited free guaranteed 2-3-day delivery at an annual fee of 9.99 Euros. (more…)

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BP Returns to Profit, Estimates Oil Spill at $40 Billion

Energy giant BP announced a return to profit on Tuesday but revealed new shock estimates for the cost of its Gulf of Mexico oil spill, putting the expected bill at close to $40 billion.

The new figure is far higher than expected. BP said it had taken an additional charge of $7.7 billion during the third quarter, bringing the company’s own total estimated clean-up and legal costs to $39.9 billion. (more…)

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