MarketWatch writes article about Amazon shutting down Groupon rival:
By Jeremy C. Owens
Published: Oct 30, 2015 4:48 p.m. ET
By
JeremyC. Owens
Technology Editor
Amazon.com Inc. AMZN, -0.10% announced Friday that it is shutting
down its Daily Deals and Amazon Local offerings, a service that rivaled
Groupon Inc. GRPN, +3.63% with online, locally focused coupons.
The site and app will cease offering deals on Dec. 18, and the daily
email featuring deals ceased Friday, though deals that customers have
purchased or buy through Dec. 18 will be honored after that date.
Amazon launched the service in 2011 with help from LivingSocial, a
Groupon rival in which the Seattle e-commerce giant invested, and
eventually grew it to 40 markets. Many large Web companies have
attempted to mimic Groupon’s approach to online deals, but few have
found success: Alphabet Inc. GOOGL, -1.00% formerly Google Inc.,
shut down its Google Offers venture in 2014, and LivingSocial recently
MarketWatch Article Source Here.