Living Sozial (Instant) hurt the following important patent #8,032,427 of Local Corp
Abstract of patent #8,032,427 of Local Corp
A localization service is provided that provides users with online information on local retailers that sell particular products. A user can perform a search using a web page associated with the localization service or by searching using an internet search engine. The user's search includes a search origin. The search origin may be defined in terms of location information such as a place name or a postal code. A search for a particular product at local retailers may be made using search parameters such as search origins, product names, model numbers, product categories, and product attributes. The localization service may provide the user with search results in the form of web pages that list which retailers sell the desired product in the vicinity of the search origin. A targeted advertisement server at the localization service may use display criteria to determine which targeted advertisements should be displayed for the user.
Yelp has 8-times revenues as the result of a market-cap of 1,200 million and 150 million revenues in 2010. That is the 14-fold of the 0.57-times-revenues of Local Corp as the result of 57 million market-cap and 100 million revenues in 2012.
Google has 4.4-times revenues- this the result of 228 billion market-cap and 44 billion revenues in 2012. This 4.4-times-revenues of Google are the 7.7-fold of the idotic low 0.57-times-revenues of Local Corp (only 57 million market-cap but 100 million revenues in the year 2012).
Competitor Angies List has 3.8-times revenues - as a result of a market-cap of 635 million and revenues of 165 million in 2012. This amount of 3.8-times-revenues of Angiies List is the 6.7-fold of Local Corp's idiotic low 0.57-times-revnues from 100 million revenues in 2012 and a market-cap of only 57 million of today.
Facebook has 12-times revenues as the result of a market-cap of 60 billion and 5 billion revenues in 2012. This 12-times-revenues of Facebook are an extreme 21-fold of the idotic low 0.57-times-revenues of Local Corp (only 57 million market-cap but 100 million revenues in the year 2012).
Open Table has 6.4-times revenues as the result of a market-cap of 1,020 million and 160 million revenues in 2010. That is the 11.2-fold of the 0.57-times-revenues of Local Corp as the result of 57 million market-cap and 100 million revenues in 2012.
Patent #8,032,427 related to location based product search appears to encompass core aspects of services being offered by Groupon (GRPN) (Groupon Now), Living Social (Instant) and Foursquare; and is part and parcel of the product search functionalities offered by eBay's Milo (Nasdaq: EBAY), Gannett's ShopLocal (NYSE: GCI), Jiwire's NearbyNow, Retailigence and Goodzer.
Source: Seeking Alpha