Google developing Groupon competitor called Offers
Google Inc., which has expanded beyond its core search operations into mobile phones and other products, is developing a local coupon service similar to Groupon.
Google Inc., which has expanded beyond its core search operations into mobile phones and other products, is developing a local coupon service similar to Groupon.
Internet
Jan 21, 2011
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(AP) -- Google Inc.'s attempt to buy local-coupon site Groupon Inc. appears to have failed for now, according to published reports.
Business
Dec 4, 2010
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Daily deals site Groupon on Wednesday issued its first earnings report as a publicly traded company, saying it failed to turn a profit despite revenue nearly tripling from a year earlier.
Business
Feb 8, 2012
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Mark Johnson is something of a miracle worker for Groupon. No, he isn't a Master of the Universe salesman, nor a code-slinging prodigy. What he does is just as important.
Business
Aug 12, 2011
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(AP) -- Groupon's board has authorized the local-coupon site to raise up to $950 million in funding, a recent Delaware regulatory filing says.
Internet
Dec 29, 2010
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US coupon deals website Groupon will likely pick Goldman Sachs Group and Morgan Stanley to be principal underwriters for its public offering later in the year, valuing the company at up to $20 billion, the Wall Street Journal ...
Business
Apr 15, 2011
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Online deals company Groupon says it will buy online retail manager CommerceInterface for an undisclosed amount.
Business
Dec 21, 2012
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(AP) -- Daily deals pioneer Groupon raised about $700 million with an initial public offering of stock priced well above expectations.
Business
Nov 4, 2011
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Groupon Inc. may be the undisputed king of Internet coupons in the United States.
Business
May 19, 2011
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Chicago real estate brokerage firm Dream Town Realty launches Friday a week-long deal on Groupon, hoping to tap the popular social buying model to attract clients.
Business
Apr 11, 2011
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Groupon (a portmanteau derived from "group coupon") is a deal-of-the-day website that features discounted gift certificates usable at local or national companies. Groupon was launched in November 2008, the first market for Groupon was Chicago, followed soon thereafter by Boston, New York City, and Toronto. As of October 2010[update], Groupon serves more than 150 markets in North America and 100 markets in Europe, Asia and South America and has amassed 35 million registered users. In October 2011, a report from Forrester Research suggested that the Groupon business model was a "disaster", and that the firm had become an example of "how fast an Internet darling can fall."
The idea for Groupon was created by now-CEO and Pittsburgh native Andrew Mason. The idea subsequently gained the attention of his former employer, Eric Lefkofsky, who provided $1 million in "seed money" to develop the idea. In April 2010, the company was valued at $1.35 billion. According to a report conducted by Groupon's marketing association and reported in Forbes Magazine, which was reported by the Wall Street Journal, Groupon is "projecting that the company is on pace to make $1 billion in sales faster than any other business, ever".
Groupon owns numerous international operations, all of which were originally deal-of-the-day services similar to it, but most of which were subsequently re-branded under the Groupon name after acquisition; these have included the European-based MyCityDeal (17 May 2010), the South American ClanDescuento (22 June 2010), the Singaporean Beeconomic.com, the Japanese service Qpod.jp, Russian Darberry.ru (both on 17 August 2010). Groupon has recently bought the Indian deal-of-the-day website SoSasta.com and will be re-branding it soon as well. The Groupon acquisitions of uBuyiBuy launched services under the Groupon name in Hong Kong, Singapore, the Philippines and Taiwan. Groupon also acquired GroupsMore.com in Malaysia to expand its business there. Prior to these acquisitions, Groupon had bought out the mobile technology company Mob.ly. The Point, Inc., the predecessor to Groupon, bought the trademark "GROUP-ONS" from its originator in February 2009 under terms which allows the originator and first registrant of the trademark to continue the use of this trademark. In June 2011, Groupon filed with the SEC to raise up to $750 million in an initial public offering.
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