Living Social and Groupon Take Stances for Black Friday

Amazon.com Inc. (NASDAQ:AMZN): LivingSocial will feature national deals from major retailers for Black Friday and Cyber Monday rather than local fare. The firm hopes to lure consumers with bargains on those days that will bring them back to spend their vouchers at stores and online during the important Nov. 28 to Dec 31 shopping period. Partners for the promotion include Shutterfly, Inc. (NASDAQ:SFLY), Skechers USA, Inc. (NYSE:SKX), OfficeMax Incorporated (NYSE:OMX), Verizon Communications Inc. (NYSE:VZ), and Blue Nile, Inc. (NASDAQ:NILE). AMZN shares recently traded at $189.54, up $0.29, or 0.15%. Its market capitalization is $86.19 billion. They have traded in a 52-week range of $160.59 to $246.71. Volume today was 972,617 shares versus a 3-month average volume of 6,782,400 shares. The company’s trailing P/E is 99.92, while trailing earnings are $1.90 per share. Get the most recent company news and stock data here >>

Groupon, Inc. (NASDAQ:GRPN): Groupon shares declined by 10% on Monday as investors sold off unlucrative Internet-related names. Going into its first holiday shopping season, the publicly traded company has decided not to run Black Friday and Cyber Monday specials like its competitor Living Social. Instead the firm will focus on “experiences” such as horseback riding, cooking lessons or attending a recording of the Ellen DeGeneres Show. GRPN shares recently traded at $23.10, down $0.48, or 2.04%. Its market capitalization is $14.73 billion. They have traded in a 52-week range of $22.76 to $31.14. Volume today was 225,886 shares versus a 3-month average volume of 6,838,320 shares. The company’s trailing earnings are $-2.17 per share. Get the most recent company news and stock data here >>

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