Groupon is planning a network of North American warehouses for its physical goods business. Goods is actually doing well, and CEO Eric Lefkofsky said that bringing shipping in house will improve the company’s margins.
Plumfare, a mobile discovery app for foodies, has been acquired by Groupon.
Groupon up 20 percent in after-hours trading after officially appointing executive chairman Eric Lefkofsky to CEO.
Former Groupon CEO Andew Mason’s album debuted on iTunes yesterday. Predictably, it sucks.
Diners can use Groupon Reserve to book tables at fancy restaurants for a discounted rate (up to 40 percent), no pre-payment required.
“Larry Ellison has done a lot of hand-waving about the cloud,” CEO Dave Kellogg told me this morning. “But I haven’t seen any traction for Oracle moving any existing products into the cloud. They’re trying, but their customers are getting there faster than Oracle is.”
It is indeed an honor when a year-old startup with two or three million dollars in annualized revenue scores a $100 million investment. An unusual honor, as well. But there’s method behind the madness.
Groupon co-chief executives Ted Leonsis and Eric Lefkofsky aren’t racing to find the next CEO as the current executive team is ”gelling.”
Groupon has had a tough past few months, but at least today’s Q1 earnings beat expectations.
Groupon’s board of directors is looking outside the company’s current management for candidates that could assume the now vacant position of CEO.
Guest Post As Groupon’s most vocal critic, I wanted to take a look at what changes we might see and the state of the business today.
Andrew Mason said his time at Groupon was like getting to the Terra Tubes without dying.
Groupon reported its fourth quarter 2012 earnings today almost exactly where analysts had expected: with $638 million in revenue, up 30 percent over last year.
The problem was that analysts wanted a profit.
“It’s a way better deal than Groupon,” Kim said. “Also, advertisers can track this.”
Think the group-coupon craze is nearing the end of its life cycle? Tell that to LivingSocial’s investors.
In 2012, 2,357 private technology companies were bought for a combined total of $84 billion, according to a new report from research firm PrivCo. That’s slightly up 22 percent from 2011, but the real surprise is who is doing the acquiring.
When it came time for VC firm Lightbank to open its first office outside of Chicago, its partners — including Groupon founders Brad Keywell and Eric Lefkofsky — looked east to New York City, instead of Silicon Valley.
ChowNow gives restaurants streamlined mobile-and-online-ordering templates and marketing consulting services.
Guest Post Rovio’s success with Angry Birds, the fastest growing game in history, is a great example of how app developers are applying some ‘traditional’ marketing lessons to drive more revenue.
VC funding was down 15 percent in 2012, while crowdfunding grew 91 percent, as a new infographic from Startups.co shows
Groupon’s shares soared about 23 percent today on a sketchy rumor that Google was interested in buying it, according to a report.
What is Wall Street’s beef with Groupon CEO Andrew Mason?
Don’t call it a home run, but slumping deals company Groupon isn’t striking out with Major League Baseball — quite the opposite, actually. The organizations announced Thursday that Groupon is now official daily deals site of MLB.com.
Groupon today announced changes to its Goods business to make its discounted wares more attractive to bargain-hunting holiday shoppers.
Guest Post Yesterday was the one-year anniversary of Groupon’s IPO. And it’s been a bad year. Here’s what lies ahead in the deals landscape.
Guest Post Out-of-home ads, such as those on billboards, transit, and street benches, may get a lot of eyeballs, but they can’t account for our preferences. Mobile can.
It’s not just about daily deals anymore: Soon you may be using Groupon’s new iPad register service Breadcrumb to check out of restaurants.
Groupon has devoured New York-based reservation and dining discount startup Savored.
Guest Post After more than a year on the Groupon beat, I’m retiring. But I have one final question for Andrew Mason.
Groupon is now offering all of its merchants in the U.S. a way to accept credit card payments at low rates through mobile software and card reader attachments for iPhone and iPod Touch devices.
Guest Post I’ve noticed an uptick in recent months from small businesses claiming that Groupon is threatening to sue them.
It wasn’t the sweetest deal ever had, but Silicon Valley investment firm Andreessen Horowitz made nearly $14 million in profit by disposing of its stake in Groupon in June.
Groupon stock fell to the lowest it has ever been today, under $5 a share. The daily deals company reported poor earnings last week, causing one financial advisory firm to downgrade its stock.
Guest Post To me, debating whether Groupon is a good company is the equivalent of debating where Obama was born. The overwhelming evidence is that Groupon is a bad company. And that’s what I write.
Guest Post In Groupon’s earnings call yesterday, the daily deals site tried to put a positive spin on a lot of negative developments.
Guest Post Analysts missed the biggest red flag in Groupon’s recent earnings call: The company is taking its loan sharking business global.
Groupon’s stock took a sharp turn today, falling 20 percent in after hours trading. The daily deals company missed Wall Street estimates in its second quarter earnings.
The deals provider fell short of its Wall Street’s top-line estimate, and it’s facing rumors that its sales force are abandoning ship.
Groupon missed Wall Street’s top-line estimate and reported $568.3 million in revenue for the second quarter of 2012.