LivingSocial posts $50 million loss for 2013 first quarter

D.C.-based LivingSocial posted a $50 million net loss in the first quarter of 2013, according to The Washington Business Journal.

LivingSocial posted the loss on $135 million in revenue, which was posted in co-owner Inc.’s quarterly filing.

LivingSocial also cut its first quarter operating loss to $44 million, down $47 million from the first quarter of 2012.

READ MORE at The Washington Business Journal.