Archive for June 20th, 2013

Nums: Marriage down, shacking-up up …

June 20, 2013

According to USA Today

The marriage rate is at its lowest point in more than a century, and the number of marriages across the USA fell more than 5% during the recession.

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In 1980 there were about 10.5 marriages per 1,000 population.

That rate is down to about 6.5 per 1,000.

And, almost 1/3 of all people who married are remarrying … 2nd and 3rd timers.

 

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What about shacking up?

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Deals: Rocky road for LivingSocial …

June 20, 2013

According to Forbes

In December 2010, Amazon invested $175 million into LivingSocial.

In the third quarter of 2012 Amazon reported loss of $274 million … blaming most of the loss on its investment in LivingSocial.

At that time, Amazon wrote down LivingSocial’s  “goodwill” – or intangible value –  to almost nothing.

 

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Concurrently with Amazon’s “accounting adjustment”, LivingSocial announced it was laying off  about 10% of its staff.

This week, LivingSocial confirmed that its Seattle office is now closing and that “the team that had been located there are still with LivingSocial and will be working remotely.”

The Seattle office closure follows in the wake of a $110M round of emergency funding at a “down valuation”.

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Flashback: Remember Groupon …

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