
Way back in 2009, GM expressed a healthy dose of skepticism for a Georgetown startup called LivingSocial. Why that skepticism seems ill-placed for a little while, the inevitable came about: last week it was revealed that Living Social was sold to its ostensible rival, Groupon, for $0.
So although there was some rather eye-catching valuations between GM’s original skepticism and the zero dollar valuation, GM still feels justified. And for that reason (and because he doesn’t have any other article ideas at hand) GM will re-run his 2009 article below:
What are your five favorite bands? How about your five favorite movies? How about your five favorite fast food restaurants? If you’re a Facebook user, these inane questions probably sound awfully familiar. That’s because the ubiquitous social networking site has been lousy recently with people announcing to the world their top five favorite-things-that-nobody-else-cares-about. The application that enables this pointless ranking system is called LivingSocial, and surprisingly enough it was developed by a start-up company based right here in Georgetown.
And as of this week, LivingSocial became the number one Facebook application, registering 20 million active users. In doing so, it knocked out of the top spot another application called Causes that helps charities raise money.





















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