LivingSocial Now Worth 5% Of 2012 Valuation

By  |  October 27, 2013
 | 

Washington, D.C.-based daily deals giant reported a $26 million loss for the third-quarter of 2013, The Wall Street Journal reported on October 25.

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    The company is now valued at $48.4 million, about 5 percent of its $1 billion valuation in June of 2012. The report suggests the company’s recent forays into long-term deals and organizing its own events are not helping it recapture its early spark.

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    For more on LivingSocial and its recent struggles, read the full report here.  

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