Guest Post Chicago-based investment research firm Morningstar can’t make the numbers in Groupon’s restatement add up. In a research note it sent to clients, who are institutional investors, it wrote:
Guest Post People frequently ask me about how LivingSocial and Google Offers are different from Groupon.
Guest Post Groupon was forced to restate fourth quarter earnings, sending its stock down 6% in after-hours trading. This surprised me as much as my $2 investment in the Mega Millions jackpot not paying off.
I’ve been testing out the Kindle Fire tablet for the last several weeks. At $199, it’s a tremendous value. It’s no iPad — I just upgraded to the new iPad as well — but it provides a solid base-level tablet and reader. I can think of a lot of uses for it: an e-book reader, a video consumption device, and a dedicated Sonos controller. But the most exciting use I can see for it would be for Amazon to turn into a device that helps small, local retailers.
Guest Post I’ve long suspected that Groupon has a whale problem — that a lot of its revenue comes from a small number of customers. New research from ForeSee indicates that this may be the case.
Redpoint Ventures and BV Capital eVentures announced today that they are teaming up to launch the oh-so-cleverly named Redpoint eVentures, a new venture capital fund for Brazil’s tech industry.
Daily-deals company Groupon has purchased travel site Uptake for an undisclosed amount of cash. This deal marks the third acquisition for the newly public Groupon in February 2012.
Yelp’s advertiser agreement combines some of the worst elements of Yellow Pages, Aol and cell phone agreements. As with many such agreements, it’s very lopsided in Yelp’s favor. (See my analysis of the similarly lopsided Groupon merchant agreement.)
The Hyperpublic team
Galley slave from Wikicommmons
Groupon reported its first quarterly earnings as a public company this week and blew away its numbers — in the sense that it stopped reporting key numbers investors need to assess the health of its business.
There were a lot of doubters who said Groupon was nothing more than a Ponzi scheme looking to cash out with an IPO. Groupon just reported its first quarterly earnings as a public company, and did better than many on Wall Street expected. Yet the stock is taking a beating, dropping 15 percent after hours trading.
Group deals company Groupon has acquired e-commerce data firm Adku for an undisclosed price, the startup announced today.
Flash sale and daily deals sites have gained a lot of popularity in the last year with Groupon, Gilt, and Fab.com bringing consumers discounted products and services.
Groupon CEO Andrew Mason is grumpy. Donning jeans, a white collared shirt and black blazer, and shucking the goofy boy demeanor he’s known for, Mason took the stage at the Digital Life Design conference in Munich today and candidly shot down criticisms of his fast-growing, oft-attacked company.
Cloning or copycatting ideas, companies, and products is nothing new in China. Westerners, especially Americans, loathe cloning; it hurts their pride and is an insult to their creativity and hard work. The Chinese, however, love it. It comes as second nature and presents a grand opportunity to seize a massive market potential.
Guest Post Online group buying is finally proving popular in China, according to a report released on Monday by China Internet Network Information Center (CNNIC). According to the report, Chinese market witnessed an increase of 244.8% in online group buying in the year 2011. Despite a massive blow to Groupon and others last year, Chinese online group buying is finally seeing some light at the end of the tunnel.
The past year in technology was pretty wild.
The government questioned Groupon CEO Andrew Mason for his potentially market-conditioning statements, according to documents released by the SEC today.
Guest Post From delayed IPOs to buyouts and layoffs, 2011 proved to be a volatile year for daily deals companies. In the past 12 months, the industry was defined and legitimized, but had just as many mistakes as successes.
Belly, a loyalty and customer rewards program for small and medium sized businesses, launched today in Chicago, announcing it has received more than $1 million in seed capital from Lightbank, the firm owned by the co-founders of Groupon.
Apache Hadoop-focused management service Cloudera has considerably updated its Cloudera Enterprise software and will begin offering a free version of Cloudera Manager that startups can use, the company announced this morning.
Guest Post Groupon’s stock has fallen precipitously during the last three days. Today, it broke below the Chicago-based couponers IPO price of $20.00 for the first time. At a recent price of $17.41, any IPO investors who were still holding on to the stock would be down nearly 13%.
Guest Post Yelp’s S-1 for its upcoming IPO is a breath of fresh air. After five months of studying the S-1 of daily deals site Groupon, I’m glad to see local-business-reviews site Yelp come out with a reasonably clean document.Groupon tortured many accounting rules and made up some of its own (forcing it to amend its S-1 repeatedly and delaying its IPO), but Yelp seems to be playing by the books.
Daily deals site LivingSocial is close to raising nearly $200 million in venture financing, which will value the site at $5 billion, The New York Times has reported, citing unnamed sources close to the matter. Previous LivingSocial investors such as Amazon.com are expected to participate along with new investors, according to the Times.
[vimeo 32313217 w=640 h=360] Wayfair.com recently surpassed Crate and Barrel to be the number two home goods website, is expecting $500 million in revenue this year, and closed a $165 million round of funding. We sat down with Niraj Shah, co-founder and chief executive officer of the e-commerce deals site, to get his thoughts on the Groupon IPO and the current e-commerce landscape.
Groupon went public earlier this month. Angie’s List went public Wednesday and saw its shares surge 25 percent the following day. And on Thursday, Yelp filed for a $100 million IPO. Has the tech IPO window has opened again, and if so, how long it will stay open?