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Updated: LivingSocial sells 500,000 Amazon gift cards, with a lot of time to go

Written by Andre Yoskowitz (Google+) @ 19 Jan 2011 10:26 User comments (6)

Updated: LivingSocial sells 500,000 Amazon gift cards, with a lot of time to go Just weeks after receiving a $175 million million investment by Amazon, popular daily deal site Living Social has begun a "once-in-a-lifetime" deal of offering a $20 Amazon gift card for $10.
The deal began at midnight and will run until 8 AM tomorrow.

So far, Living Social has sold 500,000 of the gift cards and it is unclear how much they paid for the cards.

The promotion makes it clear that Amazon.com is "not a sponsor" and the gift cards are "sold by LivingSocial, an authorized retailer of Amazon.com Gift Cards," and no one else.

Calls to Amazon have confirmed the promotion will run the full way through, with no cap on how many buyers, with most expecting a final count around 600,000.

Living Social is the second largest daily deal site behind Groupon, and the new deal seems like an easy and cost-effective way to bring in (potentially) hundreds of thousands of new customers to its service, whilst also sending traffic to its largest single investor.

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6 user comments

119.1.2011 14:08

How do you find this deal???



Just my $0.02,

dEwMe

219.1.2011 14:53

Originally posted by dEwMe:
How do you find this deal???


http://livingsocial.com/deals/21336-20-amazon-com-gift-card

It should be the national deal if that link doesn't work :)

319.1.2011 19:31

Way passed the "final count of 600,000. Wen I got mine a few minutes ago, was already at 900,000. Thanks for sharing the deal!

419.1.2011 22:35

Neat...this is like finding money on the street with all the Amazon shopping I do.



519.1.2011 23:44

Originally posted by cyprusrom:
Way passed the "final count of 600,000. Wen I got mine a few minutes ago, was already at 900,000. Thanks for sharing the deal!
Yep, those estimates were way off...1.2 million and still 8 hours left!

619.1.2011 23:46

Got mine. Over 1.2 million sold.


I wanna devise a virus and bring dire straights to your environments. Crush your corporations with a mild touch, trash the whole computer systems and revert you to papyrus - Deltron 3030

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