Street Fight Daily: 10.10.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.
All of the major players in the daily deals industry experienced significant gross revenue growth in September. Total industry gross revenue jumped 12%, from an estimated $238 million in August to $267 million in September. The number of deals offered increased by 6%. (Yipit Blog)
Reports of the death of Groupon’s IPO plans have apparently been greatly exaggerated. The online daily deals pioneer filed an updated version of its S-1 document with the Securities and Exchange Commission on Friday, as part of its preparation for a planned initial public offering of its stock. (GigaOm)
Examiner.com vice president of editorial Travis Henry responded to reports of his contributors’ plagiarism. He says in an email that “the articles in question have been removed from our site and we have ended our relationship with the contributors who submitted them.” (Poynter)
LivingSocial is busily expanding its daily deal footprint both in the U.S. and abroad. According to a new SEC filing, LivingSocial issued $143 million in stock as part of a “business combination transaction, such as a merger, acquisition or exchange offer.” (TechCrunch)
In a video clip from the Deals 3D conference, Mike Boland interviews Foursquare’s director of business development, Tristan Walker, about a range of subjects relating to the collision of deals and mobile. (BIA/Kelsey)
22-year-old British entrepreneur Rich Martell is pivoting his company towards location-based offers. Martell developed the FitFinder mobile social network for students, renamed Floxx, but has clearly realised that this is a narrow niche, and is now working on a new offers project called Spottd (TechCrunch)