FORTUNE -- At Fortune's Brainstorm Tech conference, LivingSocial CEO Tim O'Shaughnessy had some choice words for Groupon in which he accused the daily deals competitor of copying several of his company's recent efforts, including LivingSocial Instant, a service offering near-real-time deals that may only last one or two hours.
We ran an edited version of his comments earlier this week.
"So we launched LivingSocial Instant, and Groupon launched their clone of that MORE
JP Mangalindan, Writer - Jul 29, 2011 3:12 PM ET
How executive shuffles, product changes, and a delayed IPO paid off for a couple of private equity firms.
By Kevin Maney, contributor
FORTUNE -- In September 2009, Silver Lake Partners and venture firm Andreessen-Horowitz bought Skype from eBay, where it had become the Kurt Cobain of technology companies (wildly popular, deeply troubled). The value of that deal: $2.75 billion.
In May 2011 the new owners announced that they were selling the company to MORE
Jul 12, 2011 5:00 AM ET
Services from Google, Square and Intuit are already simplifying consumer credit. But it's the long-term changes that will redefine how merchants, banks and consumers interact.
This is the second in a series of articles leading up to the Fortune Brainstorm Tech conference, which will be held from July 19-21 in Aspen, Colorado. Fortune Brainstorm Tech will round up many of the best and brightest thinkers in technology. Our coverage in this MORE
JP Mangalindan, Writer - Jul 1, 2011 5:00 AM ET
In each corner of the startup world there's a Venmo for every Paypal -- a little engine that could, and wants to, badly.
FORTUNE -- Hours before I met Andrew Kortina, I had already given him my credit card number. I don't do this with just any stranger. But Kortina and his cofounder Iqram Magdon-Ismail have built a service called Venmo, which promises to make mobile payments so easy, people will MORE
Chadwick Matlin - Apr 25, 2011 11:15 AM ETThe startup with "startling" growth is part of a second generation of disruptors -- improving on businesses like Craigslist, that were disruptors themselves.
By Kevin Kelleher, contributor
FORTUNE -- The sad truth about hotel rooms is they are at bottom hostile to the spirit of adventure. They lock tourists away from the city's vibrant social life, isolating their guests in charmless, anonymous spaces with no kitchens but plenty of cable TV and MORE
Apr 5, 2011 1:26 PM ET
"I only need to say this one sentence to get across the magnitude of this launch," wrote Julian Alexander (AKA Tommo_UK) on Investor Village's AAPL Sanity board Friday evening:
"The lines were bigger than for ANY launch, I have ever seen, for anything, anywhere. Including for any iPhone launched to-date or last year's iPad.
"Simply awe inspiring," he continued. "There must have been several thousand people lining up outside the MORE
Philip Elmer-DeWitt - Mar 26, 2011 11:10 AM ETFacebook, Twitter, Groupon -- hot Internet startups are using private financing to grow like never before. Why do they trust the social graph to be the backbone of their business model but not of their statement of ownership?
By Kevin Kelleher, contributor
The web is nothing if not a democratizing force. It has turned us into active investors with low-cost commissions from online accounts and free access to vast amounts of financial MORE
Mar 17, 2011 2:46 PM ET
For the WSJ's Brett Arends, the Android-powered Nook Color with its sub-$200 price tag is the perfect tablet.
Who says you can't get a quality tablet for under $500?
It is certainly no iPad 2 or XOOM, but for a certain segment of the population, the Nook Color might be all the tablet they need. Apple's (AAPL) iPad clocks in at $499 (old models can be had for $100 less) and the MORE
Seth Weintraub - Mar 9, 2011 11:30 AM ET
The leading daily deals site has everything going for it domestically, but that means nothing when it comes to avoiding the scrap heap other high-flying U.S. Internet companies have been tossed onto in China.
When Groupon China finally, officially, goes live, again, it will have some 1,700 local "tuangou" sites to compete with. Yes, if anything sums up the hurdles Groupon is facing in China, it's that the language of the MORE
JP Mangalindan, Writer - Feb 23, 2011 4:06 PM ETAlibaba says the fraud perpetrated on its users is minor and immaterial, fiscally, to its investors. But top leaders still fell on their swords to save the company's reputation where it really counts.
By Bill Powell, contributor
For several years now, the Internet firm Alibaba-Taobao has been one of the most prominent Chinese companies on the planet—thanks both to its success and to its brash, charismatic founder and chairman, "Jack O' (Yun) Ma, MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.17 | 0.19 | 2.72% |
| Ford Motor Co | 10.41 | 0.22 | 2.16% |
| Microsoft Corp | 29.11 | -0.65 | -2.18% |
| General Electric Co | 19.18 | 0.00 | 0.00% |
| JPMorgan Chase and C... | 34.26 | 0.25 | 0.74% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,496.15 | -6.66 | -0.05% |
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| S&P 500 | 1,318.86 | 2.23 | 0.17% |
| Treasuries | 1.72 | -0.07 | -4.02% |
| China's manufacturers still hurting | ||
| Google vanquishes Oracle in Android patent fight | ||
| Facebook's IPO: Sorting through the legal mess | ||
| HP to cut 27,000 jobs | ||
| Stocks set to open higher |