“After much soul searching, I have decided to leave LivingSocial to pursue some new ideas,” Batalion wrote on his blog. “No new adventure to announce yet, just a urge to go create… that there is more to do.”
In February, it was revealed that LivingSocial had raised $110 million in additional funding. The new funds are intended to help the company ”build our reserves, solidify our long-term plans and execute against our vision for the future.”
In the third quarter of last year, Amazon, which has a minority stake in LivingSocial, reported a $169 million loss related to its share of the company.
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