LivingSocial causes Amazon a $169m ‘impairment’
Amazon posted its first quarterly net loss in more than five years, due in part to a $169 million impairment charge from its stake in LivingSocial.
View ArticlePrivCo Defends Scathing Report on LivingSocial Financing
Financial research firm PrivCo is firmly standing behind its report last week that claimed LivingSocial was forced to accept a $110 million infusion of debt to avoid filing for bankruptcy within days....
View ArticleBloomberg: LivingSocial Alerts 50 Million Customers of Cyber Attack
Bloomberg reports that daily deals site LivingSocial Inc. has informed more than 50 million of its customers that they could have been subject to a cyber-attack, and the company is working together...
View ArticleLivingSocial Inches Closer to Profitability in First Half of ’13
LivingSocial, the DC-based daily deals giant, inched closer to profitability in the first six months of this year, according to a new earnings report from minority-owner Amazon. The company posted a...
View ArticleTim O’Shaughnessy to Depart as CEO of LivingSocial
Tim O'Shaughnessy, the co-founder and CEO of daily deals giant LivingSocial, plans to depart the company later this year, he informed employees Friday morning. "We will start a search for a new CEO...
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