Guest Post GoPago is making a big pivot, and Square is getting yet another competitor. GoPago this morning announced GoPago Live, a complete point-of-sale and payments system that it’s offering for free.
Guest Post Groupon, the troubled daily deals company, has found a new way to mislead its investors. By my estimates, Groupon inflated its first quarter North American revenue by 5% to 8%. (Disclosure: I have various puts and wagers against Groupon.)
Guest Post Daily deals site LivingSocial is taking on online shopping. Although many will compare it to Groupon Goods, it’s a very different product targeted at a different audience. (Disclosure: I have puts and several wagers against Groupon.)
Guest Post With its stock continually reaching new lows, Groupon is going to greater heights to find customers. The daily-deals site is now advertising deals to customers via Gogo’s in-flight wireless service. (Disclosure: I have puts and several wagers relating to Groupon.)
Guest Post Since the mid-1990s, entrepreneurs have been trying to tackle the local market. Many have failed. Others, like Yelp and Groupon, have been successful selling services to small businesses, but those services are of dubious value. (Disclosure: I have puts against Yelp and Groupon.)
Earnings season starts this week for tech companies, and no one is expecting outstanding second-quarter results. If the reports turn out to be weaker than expected, then tech investors might run for the hills, the San Jose Mercury News reported.
Guest Post Groupon stock hit another all-time low today. That in itself is not news — the company has had a habit of setting all time lows.
Guest Post Mobile payments company Square just got another new competitor: RevCoin’s Coin service.
Guest Post Discount hotel app HotelTonight announced $23 million in funding yesterday. It’s the kind of deal company I can get behind. (Disclosure: HotelTonight provided me a $100 credit to try the service.)
Groupon’s stock price has taken a beating lately, and when it closed today at $8.95, it brought the valuation of the company to a mere $5.78 billion. That’s less than Google reportedly offered for the company in 2010.
Guest Post Groupon today launched a unique deal: You can have a Groupon employee come and tuck you into bed. As far as strange deals go, this one even beats out the deal offered by Groupon Philippines for 76% off circumcisions. (Disclosure: I have options against Groupon.)
Guest Post Groupon shares dropped to a new all-time low today as its lockup ended, releasing a torrent of new shares onto the market. Thirty minutes into the trading session, Groupon had already traded 75% of its average daily trading volume. This was Groupon’s third highest volume trading day. (Disclosure: I have various puts against Groupon.)
Groupon’s POS order entry screen
Restaurant and hospitality point of sale startup Breadcrumb has joined the Groupon family. The Chicago-based online couponing firm has acquired the New York-based startup, Groupon reported Tuesday in a blog post.
Guest Post Groupon is testing out an offering of its own in the increasingly crowded payments space, according to an email I was forwarded by a business that was solicited for the service. (Disclosure: I have various puts against Groupon.)
Guest Post Have you had the feeling the quality of Groupon deals is going down? If so, you’re right. A report released this morning by Giorgos Zervas, a postdoctoral fellow of computer science at Yale University, shows that the average rating of a Groupon merchant before a deal runs is declining as Groupon matures. Zervas and other researchers had shown earlier that a business’s individual Yelp ratings dropped after running a Groupon. Yelp ratings by Groupon customers were, on average, 10% lower than those of their peers. (Disclosure: I met Zervas after the initial study and offered my theory that the average Yelp rating of merchants featured would be declining.)
Guest Post I’ve voiced quite a bit of opposition to the daily deals industry, but that doesn’t mean I’m opposed to discounting in general. Discounting can be an important part of the marketing mix, especially for encouraging trials.
Guest Post Recently, people have questioned my motivations around writing about Groupon. They have tried to insinuate that I’m writing about Groupon for personal financial gain.
In Andrew Mason’s recent letter to shareholders and in a press release touting 1.5 million Groupon Now deals sold, Groupon has been highlighting the product as an example of innovation and a potential positive for the beleaguered company.
After an accounting restatement, a shuffling of its board of directors and Groupon’s stock falling to below 50 percent of its initial public offering price (and 66 percent off the high it reached on its first day of trading), Groupon CEO Andrew Mason wrote a letter to shareholders yesterday to try to swing the momentum back in the company’s favor.
Groupon is changing its payment terms with merchants, according to several sources familiar with Groupon’s business and contracts. The company has traditionally used two different payment models. In the United States and Canada, merchants have been paid in three installments.
Local advertising startup Signpost grew its business a little bit Tuesday with a $3.75 million investment and a new employee. Christopher DePatria, former head of sales at AOL Patch, joined the team as the vice president of revenue.
In the first quarter of 2012, investor confidence rose to the highest point it’s been in more than a year. The latest Silicon Valley Venture Capitalist Confidence Index — which measures how much statup investing confidence VCs have — shows a significant jump in confidence over the fourth quarter of 2011.
Guest Post Facebook’s $1 billion purchase of Instagram was the topic on everyone’s lips at Mega Startup Weekend last Saturday and Sunday. The world’s most expensive “Like” has clearly gotten tech entrepreneurs buzzing about who will be next. While there’s no way to know which big deal will be next, here are five tech deals that make sense and need to happen:
In the midst of all the turmoil of Groupon, which is now trading at a market cap below $8 billion and broke below the $12 mark in trading today, the company’s hometown newspaper had a sitdown with Groupon chairman Eric Lefkofsky. As a former journalist who once aspired to work at the Tribune, I’m embarrassed for them.
I’ve spent much of the last year talking about how the sites small businesses rely on to advertise and promote themselves — think Yelp and Groupon — are failing them. In fact, helping small businesses at the local level is extremely challenging for technology companies, for the following reasons:
Guest Post With all of the doom and gloom surrounding Groupon, which reached yet another all-time low in trading today, I thought it would be useful to write up my best practices for buying Groupons and other daily deals.
Guest Post This is the Groupon Promise, prominently plastered all over the Groupon site:
Guest Post Groupon faced a deluge of bad press and unfavorable comparisons this week following its accounting restatement on March 30. This morning, I searched for Groupon and got this on Google News: