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ICYMI…NYT Breaks Down the State of LivingSocial

LivingSocial was among the biggest unicorns (a company valued at $1B) of its day. The DC company raised over $800M, reached a valuation of $4.5B and talked of going public, wrote the New York Timeslast Friday. Now the company is more of a “unicorpse.” That IPO was never filed and its workforce has shrunk from 4,500 employees to 800. The company is working on “new experiences,” grappling with employee retention, shedding excess real estate and selling off its foreign companies. [NYT]

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