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This article was published on March 29, 2013

    LivingSocial co-founder and CTO Aaron Batalion leaves ‘to pursue some new ideas’

    LivingSocial co-founder and CTO Aaron Batalion leaves ‘to pursue some new ideas’ Image by: Getty Images/iStockphoto
    Josh Ong
    Story by

    Josh Ong

    Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him a Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him at [email protected].

    Aaron Batalion, daily deals site LivingSocial’s co-founder and CTO, has announced that he is leaving the company, which has struggled to turn a profit as interest in the industry has waned.

    “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.

    We’re curious to see what Batalion gets up to next. Maybe now he can go on that sake-tasting trip he pitched for the Google Glass Explorers program.

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    Image credit: iStockphoto