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Living Social 500,000 Amazon Gift Certificates

Living Social 500,000 Amazon Gift Certificates - Close to a million people will tell you it's hard to pass up a good sale. Within a matter of about eight hours, over 800,000 people signed up for group buying site Living Social's half price deal for Amazon.com today.

The deal offered is a $20 voucher to Amazon for $10. The 24-hour time limit is ticking away, but if you haven't snapped the gift card up yet, you've still got about 16 hours left.

According to Business Insider, Living Social could be close to grossing $4 million from the deal. That comes down to a net revenue of $2 million that the Groupon competitor will split with Amazon.

Living Social 500,000 Amazon Gift Certificates

Living Social has likely seen a flurry of today's activity driven its way via social-networking sites like Facebook and Twitter. There's an incentive to share the deal with others, too. If three of your Facebook friends sign up for the deal through the link you post to your profile, your Amazon voucher is free.

Living Social is one of the many group-buying sites that have cropped up recently. These sites are able to provide deep discounts on items and services when a large volume of consumers sign up for the particular deal. Often it's a slashed price on a meal, spa service, and a limited amount of time is allotted to purchase a limited number of coupons, organized by location.

Living Social 500,000 Amazon Gift Certificates

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