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LivingSocial's new CEO eyes an experience-oriented future
LivingSocial's new CEO eyes an experience-oriented future

Some big challenges lie ahead for LivingSocial, the online marketplace known for its daily deals and discounted prices on restaurants, spas and local activities. But that’s where the company’s new chief executive, Gautam Thakar, comes in.  LivingSocial hit its fair share of roadblocks over the last couple years, including multiple changes in leadership. The Groupon competitor cut some 400 employees in 2012, after it took a loss of $566 million in the third quarter of that year because of poor acquisitions that dropped in value. It posted a net loss of $183 million for 2013; in October of that year, hackers stole the data of more than 50 million customers.   ...

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