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Groupon doubles users, will drop controversial metric

Groupon Inc, which more than doubled subscribers this year to 115 million, plans to abandon the use of a controversial financial measure it once touted as a good indicator of performance, two sources with knowledge of the situation said.
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Spam King charged with bombarding Facebook users

Sanford Wallace, known as the Spam King, has turned himself in to U.S. authorities after he was indicted for masterminding a scheme that sent more than 27 million unsolicited junk messages through Facebook's servers.
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LivingSocial enters Korea with biggest acquisition

LivingSocial agreed to buy South Korean online daily deal provider TicketMonster in a stock-swap to expand further into the Asian market, the companies said on Tuesday, without disclosing the value of the deal.
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Google buys daily deal aggregator The Dealmap

Google Inc has bought The Dealmap, expanding further into a potentially lucrative daily deals market now dominated by the likes of Groupon and LivingSocial.
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Metro says market tough as profit slumps

Metro , the world's No. 4 retailer, missed expectations for second quarter results as high food prices and the European debt crisis hit consumer sentiment and said its 2011 earnings target depended on economic improvements.
Gap Jeans

Gap Jeans Cleaning Tip: Freezing Overnight Kills Germs

Gap is launching a new marketing campaign targeting smartphone shoppers. The company is releasing a video tip that tells shoppers they can clean their jeans by putting them in the freezer overnight.
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Taking aim at Groupon, Gannett expands DealChicken

Gannett Co is expanding its DealChicken daily deals service, which will be in more than 50 cities by the end of year, as the top U.S. newspaper chain tries to capitalize on the online coupon craze.
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3 Reasons Why Apple Won't Buy Hulu

According to a recent report by Bloomberg, it was revealed that Apple may be interested in bidding for Hulu, the online streaming service. But the chances of that occurring are probably highly unlikely. Here are 3 main reasons why Apple won't be cracking open its enormous piggy bank on Hulu.
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Analysis: Groupon growth lures rivals, regulators

Groupon Inc's rapid growth has attracted rivals and regulators, a twin threat to the largest online daily deal company as it gets ready for an initial public offering.
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Exclusive: Americans to stay thrifty this back-to-school season

Almost two-thirds of U.S. shoppers plan to spend the same or less this back-to-school season as last year, a survey showed, in an early sign that retailers may not obtain a huge boost from the second-biggest selling season of the year.

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