As the tech IPO window creaks open, contractor reviewing site Angie’s List has announced a $13 opening share price for a planned initial public offering later this month.
Daily deals aggregator Yipit is today releasing its app on the iTunes App Store, bringing shoppers customized deals recommendations from more than 750 deals sites nationwide.
More than a fifth of people who bought Groupon stock on the day of its initial public offering sold their shares the same day.
Daily deals service Groupon plans to boost its end-of-year profits by pushing sales during the upcoming holiday season.
Groupon (GRPN), the popular daily deal company, saw brisk trading on its first day of public trading, peaking at $30 per share and closing the day at $26 per share.
Groupon shares soared in early trading this morning to $28, a 40 percent increase over its $20 price announced last night, as the company made its initial public offering.
Guest Post If you’d told me 5 months ago that I would spend a lot of 2011 studying accounting, talking to businesses and saying bad things about a company that everyone once loved, I never would have believed you.
Groupon shares will be priced at $20 when the company begins trading publicly tomorrow on the NASDAQ exchange under the symbol GRPN, according to AllThingsD, which would value the company at $13 billion.
Suffering from Daily Deal fatigue? Dublin startup Redeem&Get aims to make the process of redeeming a deal smoother for customers and more profitable for merchants. The company just won the Spark of Genius competition at the Dublin Web Summit, with prizes that included 40,000 EUR ($56,000) in cash and a 100,000 EUR ($141,000) termsheet from ACT Venture Capital.
Group deals startup Groupon is launching a new service called Groupon Reserve, the company announced today.
Groupon is taking its show on the road this week to pitch wary investors on its stock. Can the company prove it will be profitable in the long term even though it’s posting nothing but losses so far?
Shopping-tool startup Slice is available for for Gmail users today, the company announced, which opens up the ecommerce tracking tool to an additional 200 million users worldwide.
Guest Post Daily deals site Groupon is launching its IPO roadshow this week and is seeking a $10 billion valuation for the company, less than half of what was rumored when the company first filed to go public in June. That’s a big haircut.
Groupon’s first technology product Groupon Now appears to be a stinking dud, according to data released on Sunday. The Groupon Now mobile app chalking up some very dour numbers, according to a new report compiled by Yipit, an industry performance tracker. The app has generated approximately $2.6 million in gross sales nationwide in the six months since its launch in May of 2011.
Groupon is set to go public on November 4, 2011.
Yesterday’s massive layoffs at daily deals site BuyWithMe were the result of shrinking capital markets, the company’s chief operating officer said today.
Editor's Pick Daily Deals site BuyWithMe, which gorged itself buying smaller rivals, has laid off more than half its workforce, the company’s chief executive officer Jim Crowley announced yesterday. BuyWithMe was the No. 3 daily deals site in the U.S. behind Groupon and Living Social.
After an avalanche of negative press and a general market downturn, Groupon is gearing up for its IPO at a valuation of less than $12 billion.
Editor's Pick “Sorry we ripped you off. Your best bet is to go to Groupon and get your money back. We’re too chicken shit to answer the phone, so you got this message anyway. Sorry for your problems. Better luck next time.”
Daily deals startup Groupon plans to significantly reduce its spending on online marketing to acquire new customers to its service, the company stated in a regulatory filing today.
Think twice before buying that daily deals voucher; a little research might yield a much lower price than that “bargain” through an online service like Groupon.
Guest Post Daily deals company Groupon is in the bad-news spotlight again, this time due to a class-action lawsuit filed last month on behalf of its current and former employees. The lawsuit alleges Groupon failed to pay its account executives overtime, and later paid overtime at an incorrect and illegally low rate. The suit seeks substantial back wages, liquidated damages and attorney’s fees.
Google has acquired German Groupon-like deals site DailyDeal, according to a homepage message from DailyDeal. Google has not confirmed the acquisition nor have terms of the deal been disclosed.
Groupon’s highly anticipated IPO, which stalled amid market volatility earlier this summer, is back on track.
Groupon is extending its group deals service in the UK by offering discounts of more than 80 percent on products sold online, reports Bloomberg.
Google had launched its Offers service in five more cities — Austin, Boston, Washington D.C., Denver and Seattle, the company said today.
Group deals service Groupon has delayed its plans for an initial public offering due to stock market volatility, according to a Wall Street Journal report.
Editor's Pick With Groupon clones lining the digital streets like “GIRLS GIRLS GIRLS” signs in the seedy parts of Reno, you’d think the model was an easy one to replicate.
Local business review aggregator Yelp is going back to its roots. The company is scaling back its year-old Yelp Deals service, which was designed to compete with daily deal giant Groupon, and focusing its resources on more on user-based reviews.
Guest Post Every morning, somewhere between 4 and 6 a.m., my inbox is assaulted by daily deal emails. This morning I fought back, feeling a sense of accomplishment as I deleted my last offer: 50 percent off a Brazilian Wax. Sound familiar? Groupon, the inventor of daily deals, has become one of the fastest growing companies in the history of the world. Much to its chagrin, Groupon seems to have created one of the fastest growing, most competitive industries in the world: 581 daily deal copycats now compete for your inbox.
A record number of companies delayed their initial public offerings this week in the wake of market upsets.
Group coupon start-up Groupon filed an updated S-1 filing with the SEC Tuesday, revealing that while Groupon’s business continues to grow at a steady rate, it’s also hemorrhaging money in the process.
Deals site Groupalia doesn’t do something new, but does it in a new place. The year-old consumer deals company has exploded onto the southern European and Latin American markets and is raking in millions.
Like other upcoming public offerings, Groupon’s now has a big shadow hanging over it.