Posts Tagged ‘tech’

LivingSocial Lost $650 Million in 2012

Looks like jobs weren't the only things being lost at LivingSocial in 2012. According to new SEC filings from investor Amazon.com, the D.C.-based deals company took a net loss of $650 million in 2012, even as its revenue doubled.
LivingSocial took in $536 million in revenue last year, compared to $862 million in operating expenses—a $326 [...]

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