LivingSocial, the other social commerce company, is not yet a public company. But its results are public, thanks to the investment it received from Amazon. The Seattle-based retail and web services company reported its earnings earlier this week and in its 10-Q revealed that during the for the second quarter of 2012, LivingSocial lost $ 93 million on sales of $ 138 million.
In other words, it is burning about $ 90 million a quarter, tweets uber VC Bill Gurley of Benchmark Capital. Amazon gives its LivingSocial investment a book value of $ 271 million. Amazon invested $ 175 million in LivingSocial in December 2010. GroupOn will announce its results on August 13.
