Alibaba has bought nearly 33 million shares of online daily deal service Groupon.
Take another discount on the stock price: Groupon fell hard on Wednesday as the company's new chief executive laid out his strategy in the face of a weakening sales.
Two years after his ouster as Groupon's CEO, Andrew Mason is embarking on a new entrepreneurial journey selling unconventional audio tours of major cities on a new iPhone app called Detour.
Online deals firm LivingSocial said Thursday it was slashing 400 jobs, or 20 percent of its staff, in the latest cutback in the sector that includes companies like Groupon.
Groupon's stock soared Thursday after the beleaguered online deals company named co-founder Eric Lefkofsky permanent CEO and posted stronger-than-expected revenue for the second quarter.
Struggling online deals pioneer Groupon has ousted its quirky founder and CEO Andrew Mason amid worries that people are tiring of the myriad of online restaurant, spa and Botox deals that Groupon built its business on.
(AP)—Groupon has halted gun-related promotions such as deals for shooting ranges and concealed weapons courses in the wake of last month's massacre in Newtown, Conn.
Online deals company Groupon says it will buy online retail manager CommerceInterface for an undisclosed amount.
Groupon shares surged Friday as market players reacted to chatter about a possible takeover for the troubled online deals company.
(AP)—Groupon, the No. 1 online deals service, says it had a small loss in the third quarter as higher revenue failed to make up for stock compensation and other expenses.