Holy Crap, LivingSocial Is Losing A Lot Of Money

Top Groupon competitor LivingSocial is still burning money at an incredible rate, according to Amazon's 10-Q. LivingSocial had an operating loss of $96 million last quarter on revenue of $138 million. Amazon has a 29% stake in LivingSocial. As a result, it reports some of LivingSocial's business results.

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