Amazon (Nasdaq: AMZN) Loans $175 Million to LivingSocial ...

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. ... LivingSocial is the online source for people to find handpicked experiences at a great value, inviting anyone to save up to 50% to 70% each day on their favorite restaurants, spas, sporting events, hotels and other local attractions in major cities. ...