Groupon rival LivingSocial raises $110M in funding, Washington Biz Journal says Groupon (GRPN) competitor LivingSocial has raised $110M from current investors that it will use to "build our reserves [and] solidify our long-term plans," reported The Washington Business Journal, citing an internal memo sent by its CEO. Reference Link
Groupon jumps 5% after positive mention by Leon Cooperman Shares of Groupon are trading higher after Leon Cooperman of Omega Advisors said on CNBC that his firm believes shares are worth 40%-50% more than current trading levels. Cooperman added that the provider of coupons is not a large holding for Omega. Groupon shares are up 5%, or 32c, to $7.15 in afternoon trading.