Living Social offering 1 dollar lunches

Financial details of daily deals service LivingSocial were recently leaked, The information was revealed during Living Social’s negotiations to purchase advertising network Social Media for 545,000 shares of Living Social common stock valued at $3 million, LivingSocial, is still far behind generating the kind of revenue its lead competitor Groupon is doing, but if they continue on their current pace they could clear upward of $1 billion in 2011.

LivingSocial has a slew of dollar lunch deals today for people in Washington D.C. Maybe Living Social will do something like that for every area sometime but this is just to help show off a cool feature. Now on Living Social you can get multiple coupon offers instantly based on businesses that are a half mile of your location. That is pretty cool. They thought that they would do a little something special for the people of D.C. by allowing them to see how it works. This is why Living Social and more than 100 restaurants around D.C. are participating.