WASHINGTON (WUSA9) -- D.C. daily deals company LivingSocial continues its efforts to stay in business.

The company has decided to stop producing live events and close its facility at 918 F St. NW this spring.

LivingSocial lost $183 million for all of 2013. Still, it's an improvement over the $653 million it lost in 2012.

LivingSocial is also in the process of looking for a new CEO after chief executive Tim O'Shaughnessy announced plans to step down earlier this month.

Read or Share this story: