LivingSocial Hitting $50 Million In Revenue Per Month

After acquiring in stock, the numbers about daily coupon e-mail company LivingSocial was revealed. will be getting 545,000 shares of common stock in LivingSocial, which is valued at about $3 million. LivingSocial has about 520 million shares outstanding and based on the Series E preferred price of $5.65 per share, it gives the company a $2.9 billion valuation. According to a source with TechCrunch, LivingSocial is hitting $50 million in revenue per month. The company is projecting $1 billion in 2011 revenues. [TechCrunch]

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

LivingSocial Hitting $50 Million In Revenue Per Month Comments

  1. Nora says:

    LivingSocial is huge right now, and they have really hit their stride. Many people are using them to save money with their daily deals and group-buying options.

    A great site for consumers to find the best deals and sales in their area is This site will email you daily with a list of the best buys, ensuring you don't miss out on a great local or online deal.

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