LivingSocial revenue drops 40% YOY, Doug Miller promoted to CRO
by Sharon Hill
28 Apr 2014For the first quarter of 2014, LivingSocial has just reported net income of $177 million, as compared to a net loss of $45 million for Q1 2013. The positive figure was primarily based on its sale of Ticket Monster to Groupon, while overall revenue actually dropped 40 percent. As part of its turnaround efforts, in Q1 LivingSocial introduced an automated refund process called
Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.