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A comment on LivingSocial: Employees' and Founders' Common Stock Now Worthless. Parent comment

Re:LivingSocial: Employees' and Founders' Common Stock Now W... by leetrout on Thursday February 21, 2013 @09:36AM (#5257581)
No. They're a rails shop.
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Re:LivingSocial: Employees' and Founders' Common Stock Now W... by tocomment on Thursday February 21, 2013 @09:40AM (#5257592)
You mean "were" a rails shop? (Or am I misunderstanding this news?)
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Re:LivingSocial: Employees' and Founders' Common Stock Now W... by bitcartel on Thursday February 21, 2013 @12:43PM (#5258763)
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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