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.
Google announced Wednesday that Offers, its daily deal arm, is getting new deal partners and is rolling out its service in Austin, Houston, Philadelphia, and Miami.
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.
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.
Group deals company Groupon has acquired e-commerce data firm Adku for an undisclosed price, the startup announced today.
Amazon spent $175 million for a 31 percent stake in number two daily deals site LivingSocial, and in so doing bought us all the best look yet at the privately-held Groupon competitor’s financials.
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.
Sulky James Dean model needs a new gig
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.
Group buying services have grown explosively over the last few years. Groupon, LivingSocial, Yipit, Foursquare and even Google have jumped into the suddenly hot arena of offering consumers discounts on local merchants’ products and services.
Daily deals site LivingSocial has closed a monster $176 million round of financing, according to documents filed with the Securities and Exchange Commission today. VentureBeat has learned that the $176 million is the first tranche of $400 million the company hopes to raise over the next weeks and months to finance continued operations and expansion.
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.
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.
Dining deals search service BiteHunter has closed a new $800,000 round of funding, the company announced today.
Guest Post Amazon is automatically unsubscribing some users from its AmazonLocal daily deals mailing list. Deal fatigue, the idea that consumers are tiring of daily deal emails, has been one of the longstanding concerns with the daily deals space. Amazon’s move is another indicator that this is happening.
Struggling daily deals site BuyWithMe has been scooped into the shopping cart of Gilt City, a subsidiary of flash-sales business Gilt Groupe.
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.
A boatload of BuyWithMe employees are about to take a permanent “Gilt trip” after the startup’s acquisition.
Group deals startup Groupon is launching a new service called Groupon Reserve, the company announced today.
Google Offers is expanding its selection to include a number of new partners, Google announced today in an official blog post.
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.
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.
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.
Daily deals service Signpost is growing its sales force at a rapid pace that could surpass competitors like Groupon and LivingSocial by the end of the year, the company’s CEO Stuart Wall told VentureBeat.
HomeRun hit one out of the park with its recent exit. The daily deals company was purchased by e-commerce provider Rearden Commerce today, which also announced a $133 million round of funding.
One Kings Lane, a flash deal site that sells high-end furniture and home decor products, announced today that it has raised $40 million in its third round of funding led by Tiger Global Management.
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.