Advertisement  Articles for 01/26/2013 | Group Commerce Confirms 31 Layoffs as It Withdraws From Local Deals | | Tricia Duryee | | Jan 25, 2013 04:03 pm | | | New York-based Group Commerce, which runs a daily deals platform for media companies, has laid off 31 people, or roughly 30 percent of its 109-person staff. BusinessInsider first reported the news, confirmed by CEO Jonty Kelt in an email to AllThingsD. The layoffs mean that Group Commerce will no longer source deals locally, and instead will focus on national offers. "We incurred the cost of sourcing local offers, yet did not have control over distribution," he said, which in turn meant it couldn't control its revenue. read more » | | Twitter Now Reportedly Valued at $9 Billion | | Mike Isaac | | Jan 25, 2013 02:44 pm | | | Twitter now holds a $9 billion valuation after investment firm BlackRock made an $80 million offer to purchase stock from early Twitter employees, the Financial Times reported on Friday. The new $9 billion number is a 10 percent valuation increase since the company last raised money in 2011, yet lower than the $10 billion and $11 billion valuations made last year after two secondary stock transactions. Twitter declined to comment on the report. read more » | Get the latest news & reviews on AllThingsD.com: News | Reviews | Mobile | Media | Social | Enterprise | Commerce | Conferences | Voices | Video | Jobs About Us | Contact Us | FAQ | Privacy Policy | Advertise | Send a Tip | | |
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