Tumblr: 108M blogs and 51 billion posts are worth more than $1.1B

Tumblr, which famously hates advertising and only started trying to make money after five years in existence, is in a bit of a pickle, as its $125 million in funding is running out, giving the service only a few-month window in which to raise a new round or find a sugar daddy.

Groupon stock surges 10% on strong earnings, company says it’s ‘still a toddler’

Groupon has had a tough past few months, but at least today's Q1 earnings beat expectations.

TikTakTo debuts its all-in-one approach to e-commerce

TikTakTo combines flash sales, product search, social features and daily deals to create "the ultimate online shopping experience."

Founders of German deals site DailyDeal buy the company back from Google

The founders of German coupon and deals site DailyDeal have purchased their company back from Google about 17 months after it was acquired.

LivingSocial investors pump another $110M into the ailing deals service

Think the group-coupon craze is nearing the end of its life cycle? Tell that to LivingSocial's investors.

Groupon stock is downgraded after hitting all-time low

Groupon stock fell to the lowest it has ever been today, under $5 a share. The daily deals company reported poor earnings last week, causing one financial advisory firm to downgrade its stock.

Groupon’s battle-weary sales force is an easy target for competitors

The deals provider fell short of its Wall Street's top-line estimate, and it's facing rumors that its sales force are abandoning ship.

Ford and Roximity team up to bring daily deals to your car

Today in "Something we really didn't need, but here it is anyway": Auto powerhouse Ford and app maker Roximity have teamed up to bring location-aware deal alerts to consumers while they drive.

HotelTonight opens shop in London, offers last-minute hotel options for Olympics

Tourists who find themselves stranded in London without a hotel room will have a new friend in last-minute stay startup HotelTonight, which has made its mobile hotel-booking apps for iPhone, iPad, and Android available in the UK today.

“Ultimately, we …