Comments on: Losses are mounting for LivingSocial http://gigaom.com/2012/07/27/losses-are-mounting-for-livingsocial/ Wed, 22 May 2013 01:46:41 +0000 hourly 1 http://wordpress.com/ By: Cash http://gigaom.com/2012/07/27/losses-are-mounting-for-livingsocial/#comment-872720 Wed, 01 Aug 2012 18:28:08 +0000 http://gigaom.com/?p=547605#comment-872720 How much cash could they possibly have left? They raised a lot of money, but several hundred million went to cash out founders and early investors and they aren’t doing enough revenue relative to those losses to be generating much cash from the float like Groupon does.

]]> By: darrellellens http://gigaom.com/2012/07/27/losses-are-mounting-for-livingsocial/#comment-869769 Fri, 27 Jul 2012 23:42:34 +0000 http://gigaom.com/?p=547605#comment-869769 It seems to be a bad week for tech. The Daily Deal industry seems to be taking a beating in the last few months. Groupon’s stocks seems to be on a steady decline. Now LivingSocial’s numbers come in low. Recently LivingSocial had to lay off some of their upper management.

There still seems to be a lot of funding, Fab.com just raised a ton of money and had a high evaluation.

It look like the Summer Olympics and tech have something in common… they both have Gold, Silver and Bronze… “Divers”

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