Groupon’s board of directors is looking outside the company’s current management for candidates that could assume the now vacant position of CEO.
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.
Despite that whole hooplah over former TechCrunch editor Michael Arrington leaving the company, there was still plenty of excitement over the startups presenting in TechCrunch Disrupt 2011′s Startup Battlefield.
Groupon is extending its group deals service in the UK by offering discounts of more than 80 percent on products sold online, reports Bloomberg.
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.
Like other upcoming public offerings, Groupon’s now has a big shadow hanging over it.
More bad news for Groupon, the group-coupon company heading for an IPO. Its share of the group-buying market declined in May, according to the latest report from Yipit, a site that aggregates deals from 482 sites.
Twitter’s new flash deal service, EarlyBird, kicked off today with an inaugural deal from Walt Disney Co. for a free ticket to see its latest film, “The Sorcerer’s Apprentice.”
Twitter is testing group deals and flash sales through a special EarlyBird account as it fleshes out yet another revenue stream.
Hardly a week goes by where we don’t receive a company pitch from a hopeful startup trying to crash the group deals scene. And it’s for good reason, since venture capital firms seem happy to throw cash at well-executed takes on the business model.