LivingSocial lost $558 million in 2011

February 2, 2012

You'd be hard-pressed to convince me that Groundhog Day isn't the single dumbest “holiday” that this nation celebrates with such fervor. And D.C. has joined the fray. Of course. #facepalm


February 2, 2012, was officially declared "D.C. Groundhog Day" with an official resolution passed unanimously by the council of the District of Columbia. (AJ Chavar)

I always wonder how these daily deal sites make money . Turns out one of them is most definitely not. LivingSocial, which is based in Washington, incurred losses of $558 million in 2011, a staggering number, it would seem. But, they're owned partly by Amazon, so they're not in danger of folding anytime soon. If you're wondering, LivingSocial is second in the online coupon game to Groupon, by the numbers. The Post's Thomas Heath reports on the details.

When President Obama made his State of the Union speech , it took about 30 seconds for him to mention Osama Bin Laden. And while terrorism is clearly a matter of importance for potential voters, it doesn't hold the weight that one might think. But overall, killing bad guys might not necessarily translate to more votes. The Post's Scott Clement writes a piece for Foreign Policy analyzing exactly how eliminating enemies affects a president's approval ratings.

I have a healthy respect for Mother Nature . The power of the Earth is something that I personally believe is not to be messed with unless absolutely necessary. There is a group of Russian scientists that take the exact opposite approach. After drilling into Antarctic ice for over 20 years, they are planning to enter "a vast, dark lake that hasn’t been touched by light for more than 20 million years," as The Post's Marc Kaufman writes. Unknown subglacial Antarctic life forms. Yeah, count me out.

I saw the Hoyas live in 3D last night and was glad to do it . After getting down early to start the game, they asserted themselves and eventually handled U-Conn. in a game that turned out to be a bit of a beat-down. More importantly, Henry Sims threw down a vicious tomahawk that effectively sealed the game in the second half, a play that I contend has been four years in the making. His confidence and ability are both peaking at the right time. The Post's Tarik El-Bashir has the gamer.

Extra Bites

• A former Harper's Bazaar intern is suing Hearst Corp. for unpaid wages. This is gutsy to say the least, but if she wins, it could be a real breakthrough in the world of media internships. Many a college student is watching this one closely.

• All of Southeast is not Anacostia in case you didn't know that. Here's an interesting discussion about what is and isn't a neighborhood east of the river.

• Cute, furry animal alert: newborn wolf pups! Please don't go all Kristen Bell over them.

Check out my Facebook fan page, my Twitter feed, or e-mail me at clinton.yates@wpost.com .

Read more on The Root DC

Don Cornelius, creator of ‘Soul Train’ dies at 75

Q&A with comedian, author Baratunde Thurston

Slave exhibit opens at Smithsonian

Beyond Black History month?

Young, black men redefine their style

Clinton Yates is a D.C. native and an online columnist. When he's not covering the city, pop culture or listening to music, he watches sports. A lot of them.
Comments
Show Comments
Most Read

local

therootdc

Success! Check your inbox for details.

See all newsletters