Daily deals sites fell out of favor

groupon office

Amazon closed its local daily deals site and mobile app, Amazon Local. The company also closed its travel business, Amazon Destinations, after less than a year.

Groupon said it plans to lay off 1,100 people over the next year.

And LivingSocial announced 200 job cuts, or about 20% of its workforce.

First published December 17, 2015: 12:53 PM ET

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