Why Post-O'Shaughnessy LivingSocial Might Not Be Dead In Its Tracks

Closer to profitability than folks realize, source says

Tim O'Shaughnessy has announced that he will step aside as CEO of LivingSocial after co-founding the company in 2007. Per O'Shaughnessy's letter posted today via the firm's blog, the struggling digital discounts brand will replace him during the first half of this year.

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