LivingSocial Buys For $3 Million

Daily coupon e-mail company LivingSocial is acquiring for $3 million. LivingSocial recently raised $400 million in funding and this deal was made entirely in stock. raised $10 million in funding since they launched around September 2007. was one of the first companies to use Facebook friends’ pictures in ads.’s 2008 revenues was $15 million and 2009 revenues was $25 million. Facebook attempted to acquire according to a source with TechCrunch.’s revenues declined ever since and Facebook threatened legal action against the company for privacy policy violations.


This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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