I was looking on LivingSocial today and remembered that I had forgotten to purchase the Fandango deal earlier this week. When I checked and saw 1 million had been purchased, equating to 2 million tickets, it occurred to me how powerful this is. That’s 9 million dollars going through the web site in one day. I’m not sure how many of the Amazon certificates they sold but I would guess that it was similar.
What does this tell me? Consumers are spending money. Deals are still driving sales for items that people want and use. And if there are many like me, then Living Social likely could have sold double what they did. With most movies lasting 90 minutes, thats 1.5 million hours spent in movie theaters. Not to mention the 6 dollar drinks and 5 dollar popcorn!