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tocomment on Feb 21, 2013 | parent | context | favorite | on: LivingSocial: Employees' and Founders' Common Stoc...

You mean "were" a rails shop? (Or am I misunderstanding this news?)

bitcartel on Feb 21, 2013 [–]

The investors have thrown the company a lifeline to avoid filing for bankruptcy, but in exchange have taken full control and wiped out the founders and employee stock. This is the last roll of the dice.

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