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Technology Stocks : Groupon, Inc.
GRPN 17.63-6.8%1:48 PM EST

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To: Sr K who wrote (292)10/26/2012 11:45:45 AM
From: Glenn Petersen  Read Replies (1) of 480
 
The book value of Amazon's stake in LivingSocial at June 30 was $271 million.

Message 28297619

Note 5 in Amazon's 10-Q filing provides the details for the LivingSocial losses in the current quarter:

Revenue: $372 million
Operating expenses: $629 million
Impairment charges: $496 million
Operating loss: $753 million

sec.gov

The bad news for Amazon is good news for Groupon. Their largest competitor is seriously wounded.
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