LivingSocial lost half a billion dollars last year

Maybe it's a good thing LivingSocial opted for a venture capital infusion instead of going public last year. Thanks to a line in AMZN)" href="http://www.insideipo.com/tag/amazon">Amazon's 10-K filing, Business Insider reports, the daily deals site lost $558 mn last year on revenues of $245 mn. Of course, there's probably more to the story. Business Insider continues:

The numbers Amazon reported do not give a complete picture of LivingSocial's finacials. They don't include revenues from two foreign joint ventures, and they only include the final quarter of another LivingSocial acquisition.

Nonetheless, it's going to take a lot to make that loss look pretty. But, it may not be a big deal. After all, LivingSocial is still chasing rapid growth – which is probably why it went for VC cash instead of turning to the investing public.

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Source: Business Insider