Livingsocial*getaways Site

The story of (originally known as LivingSocial Escapes ) is a classic arc of the "daily deal" era—a rapid ascent fueled by venture capital, a fierce rivalry with Groupon , and an eventual quiet absorption into its biggest competitor. 1. The Meteoric Rise (2009–2012)

LivingSocial on why group buying works for the travel industry livingsocial*getaways

: While many "clones" disappeared, the LivingSocial brand was kept alive to serve a slightly older, more affluent demographic that favored travel and high-end events. The story of (originally known as LivingSocial Escapes

: As the global economy improved post-recession, consumers moved away from "flash sale" sites toward more traditional booking platforms. : As the global economy improved post-recession, consumers

By 2012, the novelty began to wear off. The company faced a class-action lawsuit over expiring vouchers and struggled with massive losses, dropping nearly $500 million in 2011 despite high revenue.