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Except for the giant screen, I don't see much that looks particularly extravagant. Too much space (why all those meeting rooms?) and too many employees, probably, but it's hardly Ion Storm.



>Too much space (why all those meeting rooms?) and too many employees, probably, but it's hardly Ion Storm.

Keep in mind that space in DC is anything but cheap [1][2] and LS has some prime locations.

1: http://www.businessnewsdaily.com/2855-most-expensive-commerc...

2: http://www.inc.com/news/articles/2010/10/washington-dc-rents...


The giant screen was my first real "huh" moment, but also: rock walls really aren't cheap, nor is that office space, or the multiple stainless steel appliances.

It's not that I think this money was mis-spent -- at best those things might have been able to pay for the salaries of only a few employees -- it's that, taken together, it seems to be a sign of a company that might be distracted where its resources are concerned.

Or maybe they just got really good deals on everything. :-)


The sheer number of Herman Miller SAYL chairs and iMacs is unbelievable, not to mention the sheer number of employees.

Is Living Social even profitable?

Edit: To answer my own question, a $558 million loss last year: http://www.bizjournals.com/washington/news/2012/02/01/regula...


DC office space has to be expensive, they can only build up 7 or so stories by law (nothing can be taller than the Treasury building).


The part about the Treasury building is a common misconception! It's actually related to the size of the street in front of the building: http://www.welovedc.com/2009/05/19/dc-mythbusting-the-height...




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