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Best Schadenfreude

The downfall of LivingSocial
Photograph by Darrow Montgomery
Ah, to be young and employed by LivingSocial in 2012. The daily deal company had improbably built a post-grad kegger empire on the back of laser hair removal coupons, and landed D.C. government tax breaks to boot. It didn’t look like hard work, and considering the existence of Groupon, it definitely wasn’t original. But the layoffs started, and then CEO Tim O’Shaughnessy bailed in January. Two weeks later, the company closed its Gallery Place event building, which presumably means the city won’t see a repeat of LivingSocial Gangnam Style-themed dance parties or their dreidel-heavy “Greed” room. Cheering lost jobs is a bad look, but what about when the jobs shouldn’t have existed in the first place?
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