So @livingsocial appears to be properly fucked: http://www.privco.com/livingsocial-receives-emergency-110m-cash-infusion-from-existing-investors-to-avoid-bankruptcy …. All employee stock options worthless, thousands of firings coming.
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Replying to @dhh
@dhh do you think the bursting of the deals bubble will take companies outside of that down with it?1 reply 0 retweets 0 likes -
Replying to @thomasfuchs
@thomasfuchs Doubt anyone will be taken down per se. But all that marketing spend is obviously coming out of somebody's P&L.3 replies 0 retweets 0 likes
Replying to @dhh
@dhh @thomasfuchs Facebook got the lion's share of it, then Google, II
RC.
6:34 AM - 21 Feb 2013
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