BUSINESS

LivingSocial closes Seattle office

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The D.C.-based daily deals site LivingSocial is closing its Seattle office, according to Forbes.

Although the Seattle office is closed, a LivingSocial spokesperson tells Forbes that the Seattle staffers will work remotely.

LivingSocial posted a $50 million net loss in the first quarter of 2013. Recently, its CTO announced he was stepping down as well.

READ MORE at Forbes.com.

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