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Strength in numbers for group buying deals

April 23, 2010, 3:25 pm
Social commerce and group buying has become increasingly popular these days, on Tuesday, The New York Times reported that Groupon received an investment of $135 million dollars from Digital Sky Technologies . Additionally, last month, another group buying website, LivingSocial , received an investment of $25 million dollars. With investors eager to back companies in this space, the volume of visits to this nascent category increased 72x year-over-year.

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