LivingSocial Buys For $3 Million

Posted Apr 16, 2011

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.