LivingSocial To Close 918 F St. Facility & Stop Producing Live Events

January 31, 2014

1:10 pm

The Washington Post’s Steven Overly is reporting that Washington DC-based LivingSocial is going to close their 918 F. St NW class & events facility, as well as cease production of all live events as of this spring.

Additionally, as part of the’s regulatory filing, it was revealed that LivingSocial had a net loss of $183M for 2013. This is up from their $653M net loss in 2012. Amazon owns 30 percent of LivingSocial, which is why LivingSocial’s financials are included in Amazon’s.

With new leadership coming, a new and sizable war chest, and renewed focus on their online platform for merchants, it’ll be interesting to see if LivingSocial will be able to close the gap and finally hit profitability in 2014.


Did you like this article?

Get more delivered to your inbox just like it!

Sorry about that. Try these articles instead!

Justin is the product evangelist for AddThis. Previously, he ran marketing at Tech Cocktail, online marketing at HelloWallet, and marketing at Clearspring. He lives in St Louis, MO.

  • Shares

Leave a Reply

  • (will not be published)