Just a couple months after selling its Spanish operations, LivingSocial is downsizing again, selling off JumpOnIT, its business in New Zealand and Australia.
The Washington Business Journal reports:
Read the full storyA LivingSocial spokesman told me the decision reflects the strategy under new CEO Gautam Thakar: Trimming away superfluous operations in order to refocus the company around the U.S. and Canada, which together make up the company’s most robust and promising market.
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