LivingSocial

LivingSocial
Type of site
Electronic commerce
Available inEnglish and others (for 27 countries)
HeadquartersChicago, U.S.
OwnerGroupon
Created by
Key people
  • Gautam Thakar
  • (CEO & President before company was acquired by Groupon)[1]
Revenue$536,000,000 (2012)[2] $57,000,000 (2015)[3]
URLLivingSocial.com
CommercialYes
LaunchedJune 29, 2007; 17 years ago (2007-06-29)[4] (as Hungry Machine)
Current statusActive

LivingSocial is an online marketplace that allows its registered users to buy and share things to do in their city.[5] Formerly headquartered in Washington, D.C., LivingSocial had roughly 70 million members around the world in 2013.[2] The company shrank from a peak of 4,500 employees in 2011 to about 200 in 2016.[6][7] LivingSocial was purchased by Groupon in 2016.

  1. ^ "Groupon to lay off last 95 LivingSocial staffers, close D.C. office". Washington Business Journal.
  2. ^ a b "LivingSocial Company Profile". inc.com. Inc. Retrieved 19 June 2014.
  3. ^ "LivingSocial cuts its Q4 loss but revenue down, expenses up". Washington Business Journal. Retrieved 1 September 2016.
  4. ^ "HungryMachiene.com WHOIS, DNS, & Domain Info - DomainTools". WHOIS. Retrieved 2016-07-10.
  5. ^ "Company Overview of LivingSocial, Inc". www.businessweek.com. Bloomberg. Archived from the original on July 15, 2009. Retrieved 20 June 2014.
  6. ^ Peterson, Andrea. "LivingSocial is laying off more than half of its workers". Washington Post. Retrieved 1 Sep 2016.
  7. ^ Issac, Mike and Benner, Katie. New York Times, Nov. 20, 2015. "LivingSocial Offers a Cautionary Tale to Today’s Unicorns". Accessed Sept. 1, 2016.