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Daily Deal Bubble Wire

groupon-clones.jpgCould this be the daily deal site bubble burst? With Groupon's stock down 80 percent, CEO Andrew Mason has been busy defending his job. The Wall Street Journal hears that the company "is prepared to discuss a possible search to replace him as CEO." Meanwhile, things also aren't looking good for LivingSocial, which reportedly will announce today 400 job cuts — or 9 percent of its staff. [WSJ]

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