Georgetown University’s Newspaper of Record since 1920

The Hoya

Georgetown University’s Newspaper of Record since 1920

The Hoya

Georgetown University’s Newspaper of Record since 1920

The Hoya

BILL OLEARY/THE WASHINGTON POST
Tim OShaughnessy (MSB 04) spent seven years as CEO
LivingSocial Chief Executive Officer and Georgetown alum Tim O’Shaughnessy (MSB ’04) announced Jan. 10 that he is stepping down from the company as it continues to report fiscal losses.

While LivingSocial’s model of publicizing discounts via daily emails garnered enormous success and spurred competition from similar sites such as Groupon, the company suffered $106 million in losses in the first nine months of 2013, according to The Washington Post.

O’Shaughnessy announced his decision in an email to staff on Jan. 10 and will remain in his position until a replacement is found in the first half of 2014, the Post

LivingSocial CEO Steps Down

By Natasha Khan January 17, 2014

LivingSocial Chief Executive Officer and Georgetown alum Tim O’Shaughnessy (MSB ’04) announced Jan. 10 that he is stepping down from the company as it continues to report fiscal losses. While LivingSocial’s model...

Tax Breaks Aim to Keep LivingSocial in District

By Laura Zhang April 24, 2012

Mayor Vincent Gray has proposed tax benefits as a means of ensuring that LivingSocial, an online daily discount provider co-founded by a Georgetown graduate, keeps its headquarters in D.C. after the...

LivingSocial a Questionable Deal for Local Businesses

By Laura Zhang March 1, 2012

While many local Georgetown businesses are increasingly using LivingSocial as a way of boosting sales, business owners described mixed experiences with the site. Launched in 2007 by Georgetown alum...

More than Just Deals

By Michelle Cassidy and Michelle Cassidy February 15, 2012

by Michelle Cassidy It looks like daily deals are about to get a luxury upgrade in the District. Two weeks ago, The Guide explored the origins of Livingsocial, a startup co-founded by Georgetown grad...

From Leo’s Meals to Daily Deals

By Kaley Beins February 1, 2012

Eight years ago, Tim O’Shaughnessy (MSB ’04) was frequenting The Tombs and walking campus with other ambitious undergraduate students. Now, he is co-founder and CEO of a $3 billion business. Although...

From Leo’s Meals to Daily Deals

By Kaley Beins February 1, 2012

Eight years ago, Tim O'Shaughnessy (MSB '04) was frequenting The Tombs and walking campus with other ambitious undergraduate students. Now, he is co-founder and CEO of a $3 billion business. Although...

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