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This article contains content that is written like. Please help by removing and inappropriate , and by adding encyclopedic content written from a. October 2012 LivingSocial is an online marketplace that allows its registered users to buy and share things to do in their city. Formerly headquartered in , LivingSocial had roughly 70 million members around the world in 2013. The company shrank from a peak of 4,500 employees in 2011 to about 200 in 2016. LivingSocial LivingSocial was founded as Hungry Machine in 2007 by four employees from. The company's first major application was their Visual Bookshelf application on Facebook which allowed users to catalog and share their favorite books with friends. Later, the company released PickYourFive and other Polls applications, making LivingSocial the number one application developer on Facebook as measured by page views. In 2012 a lawsuit was filed against LivingSocial with respect to the expiration of deals, following a similar action against. A provisional settlement was reached in November 2012. In 2012, the offered the company a number of tax breaks and incentives to open offices and hire workers in. However, a year later the company did not reach the size it needed to be for the tax breaks to kick in, as it had begun laying off workers and subleased offices it purchased earlier. It also announced it was changing its focus from daily deals to a web site and mobile app. On April 26, 2013 it was announced that LivingSocial's database had been hacked, affecting 50 million registered users. The announcement stated that credit card information was stored in a separate database and was not compromised, but that user information including passwords, previously encrypted by LivingSocial as a precaution, had been exposed. On May 1, 2013, the Attorneys General of Connecticut and Maryland sent a joint letter to LivingSocial requesting additional information about the incident, as well as more details about the company's data management policies and procedures. In November 2013, LivingSocial's website went down for nearly 48 hours after a database error. In 2014 it laid off 400 employees, and in 2015 laid off 200 putting it at about 800 employees, down from a peak of 4,500 in 2011. In 2016, it laid off half of its remaining workforce. The Washington Post reported that its growth and subsequent decline was similar to 's, and that many laid off or departed workers formed new tech companies in LivingSocial's home city of Washington, DC. Leadership changes Since its founding, LivingSocial has undergone many leadership changes. In March 2012, co-founder Eddie Frederick stepped down as President and from the Board of Directors. A year later in March 2013, co-founder and CTO Aaron Battalion stepped down from his post. Most recently, in January 2014, LivingSocial's CEO Tim O'Shaughnessy announced his resignation, remaining CEO until a replacement was named. In July 2014, it was announced that Gautam Thakar, the then-CEO of Shopping. Launched in September 2009 in Barcelona, LetsBonus was an early operator of a service in Europe, particularly in the Spanish market. It sold LetsBonus in 2015. Ruby on Rails is the framework upon which LivingSocial runs. Officially launched in June 2010, Ensogo currently has more than 800,000 members. ONOSYS operates in Cleveland, Ohio, and services over 75 restaurant chains including International Inc. Many of these acquisitions have since been sold. In October 2016, purchased LivingSocial for an undisclosed amount. Groupon began laying off all remaining employees and closed the LivingSocial D. Retrieved 19 June 2014. Retrieved 1 September 2016. Retrieved 20 June 2014. Retrieved 1 Sep 2016. New York Times, Nov. Retrieved 19 June 2014. Retrieved 19 June 2014. Retrieved 19 June 2014. Retrieved 19 June 2014. The Washington Post, Oct. Archived from on 2013-04-28. Retrieved November 8, 2014. Waters May 16, 2013. The National Law Review. Accessed March 3, 2014. Retrieved 22 April 2018. Retrieved 22 April 2018. Retrieved 1 Sep 2016. Retrieved 4 September 2014. Archived from on 26 March 2016. Retrieved 18 March 2016. Accessed March 3, 2014. Retrieved 28 August 2014. Archived from on 2011-04-28. Archived from on 2011-04-24. Retrieved 22 April 2018 — via www.
