D.C.'s LivingSocial expanding

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Capital Land,Liz Farmer

D.C.'s shopping deals website LivingSocial has announced it is expanding into six new markets across the country. The website, a rival to Groupon, recently won a $175 million investment from Amazon. According to sources, the site is the second largest player in the daily deals market, and is reportedly on track to report “well over” $500 million in revenue next year.

LivingSocial's new markets are: Durham/Chapel Hill, N.C.; South Bend, Ind.; Hartford, Conn.; Rochester, N.Y.; Flint, Mich.; and Lincoln, Neb. LivingSocial is available in more than 120 markets in the U.S., Canada, Britain, Ireland and Australia with more than 10 million subscribers worldwide.

The company also recently started LivingSocial Escapes, a travel site.

"We're excited to continue our rapid expansion, helping more people find diverse activities, restaurants and more, while also working with high quality merchants," said Tim O'Shaughnessy, CEO and co-founder of LivingSocial.

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Author:

Liz Farmer

Examiner Staff Writer
The Washington Examiner