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The fast rise and slow demise of a daily deals business

Washington startup LivingSocial was acquired by chief rival Groupon for $0

For a time, LivingSocial was hiring dozens of workers each month, breaking into cities across the globe and collecting hundreds of millions of dollars from investors to bankroll it all.


LIVINGSOCIAL, the Washington startup that rode the daily deals craze to markets across the globe, has died as a stand-alone company. It was nearly 10 years old.

Groupon, its chief rival, revealed last week that it acquired LivingSocial's remains for $0.


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