Groupon

  • SumUp and Payleven merge as European ‘Square clones’ consolidate

    SumUp and Payleven merge as European ‘Square clones’ consolidate

    Some consolidation afoot in the world of mobile payments: today Groupon- and BBVA-backed SumUp and Rocket Internet’s Payleven — two of the several European startups that cropped up in the wake of Square with their own smartphone accessories to make debit and credit card transactions — have announced that they are merging, creating a business with 1 million customers in… Read More

  • Why Silicon Valley’s ‘unicorn problem’ will solve itself Crunch Network

    Why Silicon Valley’s ‘unicorn problem’ will solve itself

    The rise was like a tech startup fairytale. Within three years of founding, this unicorn company had raised more than $1 billion in venture capital — closing an astonishing $950 million in its final private round at a nearly $5 billion valuation. Revenue growth was skyrocketing from $30 million in year two to $713 million in year three and a run-rate of $2.6 billion in year four. Read More

  • Groupon launches new Merchant app that puts the daily deal front and center

    Groupon launches new Merchant app that puts the daily deal front and center

    For the last several years, Groupon has been expanding its business beyond the daily deal to position itself as the platform for local commerce. Some of those efforts have proven to be more challenging than others, however. And so, as Groupon now downsizes in less profitable areas, it’s also making a return to products that are tried, tested and lucrative. Groupon says that… Read More

  • SXSW goes apeshit for on-demand startups

    SXSW goes apeshit for on-demand startups

    It’s a tough world out there for on-demand startups — confusion around the W2 vs. 1099 conversation, tough margins, and customer service are but a few of the initial obstacles for these companies. Add in the necessity of huge amounts of up-front capital and it’s an uphill battle at best. But trust me, the on-demand economy will survive and eventually prevail, and 2016 might… Read More

  • Earnings Review: Groupon Spikes, Pandora Mixed and Twitter’s Flat User Growth

    It’s over! (Nearly.) This week was the last set of big earnings reports, barring a few happening early March — Square and Box, to be exact. It was a wild week, to be sure. Groupon (surprise!) beat expectations, sending the stock soaring. Pandora was reportedly in buyout talks, and had a mixed quarter, giving the company a bouncy ride during the day. And then there’s Twitter. Read More

  • Groupon Soars 23% On Favorable Earnings

    Groupon Soars 23% On Favorable Earnings

    Not dead yet, deal site Groupon soared 23% in initial after-hours trading, following a better-than-expected fourth quarter earnings release. The company beat revenue forecasts, bringing in $917 million, instead of the anticipated $846 million, and a 9% year-over-year increase.  Adjusted earnings per share was at four cents, whereas Wall Street was expecting zero. This is quite the bright… Read More

  • Venture Capital Is Terrible At Online Shopping Crunch Network

    Venture Capital Is Terrible At Online Shopping

    Another day, another series of Silicon Valley e-commerce explosions: Gilt Groupe just sold for a fraction of its valuation (and its capital raised) and One Kings Lane is reportedly the next to die. Previously it was Fab.com being sold for nothing after severely underperforming — ah, Fab, the first billion-dollar retail “unicorn” born with crossed eyes and a trick knee. Read More

  • Why Groupon Needs To Go Private To Rebuild Its Vision Crunch Network

    Why Groupon Needs To Go Private To Rebuild Its Vision

    After seeing big and small competitors collapsing or withdrawing altogether from the race, Groupon still enjoys an undisputed leadership in the deal space. However, with slow growth in North America, and no growth at all in the international markets, the once fastest-growing company in history is having a hard time meeting the growth expectations of public markets. Read More

  • A Startup’s Guide To International Expansion Crunch Network

    A Startup’s Guide To International Expansion

    Startups can now reach international markets almost immediately at launch. Product/market fit is geographically, industry and company-size agnostic — SaaS makes your product adoption almost instantaneous. Although this early global traction can happen organically at the beginning, the reality is that startups must be strategic about systematically scaling from a local region to any number… Read More

  • Groupon Exits Sweden, Denmark, Norway And Finland In Ongoing Global Retreat

    Groupon Exits Sweden, Denmark, Norway And Finland In Ongoing Global Retreat

    Yet more news of closures at Groupon, the daily deals and local commerce platform. TechCrunch has learned and confirmed that the company has ceased operations immediately in four more countries, all in Europe, where its business has been in decline: Sweden, Denmark, Norway and Finland. The news comes amid a difficult period at Groupon, which has laid off 1,100 employees, exited several… Read More

  • Groupon Slides Nearly 30% On Market Jitters Over CEO Change, Weak Q4 Guidance

    Groupon Slides Nearly 30% On Market Jitters Over CEO Change, Weak Q4 Guidance

    It’s a bad deal today for Groupon, the company that built a business around daily deals for goods and services and has since expanded into areas like commerce solutions for small businesses. The company’s stock opened at $2.81 after dropping more than 30% in pre-market trading, on the heels of a triple-whammy of news: a CEO change; a mixed Q3 report; and weak guidance for the… Read More

  • Groupon Names Rich Williams CEO In Mixed Earnings Report

    Groupon Names Rich Williams CEO In Mixed Earnings Report

    The deal service Groupon on Tuesday announced CEO and co-founder Eric Lefkofsky would step down, and Rich Williams would take over the company immediately. The company said Lefkofsky would return to the role of chairman of the board. Williams told TechCrunch in an interview that he plans to renew investment in customer acquisition and increase focus on streamlining international… Read More

  • Groupon Is Laying Off 1,100 At A Cost Of $35M, Shutters Operations In 7 Countries

    Groupon Is Laying Off 1,100 At A Cost Of $35M, Shutters Operations In 7 Countries

    Some significant downsizing is underway at Groupon, the daily deals and local-commerce site. The company is today announcing that it will be cutting 1,100 jobs — mostly in its sales (aka “deal factory”) and customer service operations — taking a pre-tax charge of $35 million in the process. As part of the restructure, Groupon is also ceasing operations in several… Read More

  • Our Marketplace Obsession And Bubble Crunch Network

    Our Marketplace Obsession And Bubble

    Service marketplaces have recently become Silicon Valley darlings. The marketplace model has been a popular way for VCs to efficiently tap into the local economies at scale, specifically the $800 billion home services space. It’s a model that dates back to the initial concept of Yellow Pages in 1883. And it makes sense — giving homeowners a convenient way to find local… Read More

  • Groupon Launches Its Own Food Delivery Business, Groupon To Go

    Groupon Launches Its Own Food Delivery Business, Groupon To Go

    Following its acquisition of food delivery service OrderUp earlier this month, Groupon is today announcing its own nationwide delivery and takeout service, Groupon To Go. The program is initially available in Chicago, where it has been in pilot testing with 500 restaurants since March, but the company says it will expand to other metro regions throughout the year, including Boston and Austin… Read More

  • Groupon Acquires OrderUp Food Delivery Service

    Groupon Acquires OrderUp Food Delivery Service

    Groupon appears to be readying itself to expand into food delivery and take on services like GrubHub. Today, the company announced its acquisition of food-delivery service OrderUp and detailed its plans to expand into the $70 billion sector. Read More

  • Groupon’s New Apple Watch App Alerts You To Nearby Deals, Lets You Buy From Your Wrist

    Groupon’s New Apple Watch App Alerts You To Nearby Deals, Lets You Buy From Your Wrist

    Groupon’s deal-finding iOS application was updated today to include support for Apple Watch. Like many Watch apps, Groupon takes advantage of its ability to tap into a user’s location by way of their connected iPhone, then uses this awareness to alert you to deals available near you. Unlike with Groupon’s mobile application, whose home screen features deals in your general… Read More

  • Groupon Names Rich Williams COO As CFO Jason Child Steps Down To Take Up CFO Role At Jawbone

    Groupon Names Rich Williams COO As CFO Jason Child Steps Down To Take Up CFO Role At Jawbone

    Some more exec shifting afoot at daily deals and local commerce site Groupon. Today the company announced that Rich Williams would be its next chief operating officer. And at the same time, the company said that it would be losing its CFO, Jason Child, who will be leaving at the end of July to join Jawbone as its CFO. Perhaps to soften the blow of the financial exec change, the company… Read More

  • Groupon Launches Breadcrumb Live To Bring Point-Of-Sale Management To The iPhone

    Groupon Launches Breadcrumb Live To Bring Point-Of-Sale Management To The iPhone

    Groupon has been expanding its footprint beyond daily deals for some time, and today the company is doubling down on its investment in its restaurant point-of-sale system Breadcrumb with a new app designed to bring live sales data to the iPhone. With Breadcrumb Live, the company is offering restaurant owners the ability to pull up sales information, check counts, performance trends and… Read More

  • Groupon’s Shares Gyrate In Wake Of Profit Beat, Revenue Miss In Q1

    Groupon’s Shares Gyrate In Wake Of Profit Beat, Revenue Miss In Q1

    After the bell today, Groupon reported its first-quarter financial performance. The company, best known for its discount coupons to local businesses, earned an adjusted $0.03 per share on $750.4 million during the period. Those figures compare to street expectations of a $0.01 per-share profit, and revenue of $812.19 million. Down around 3 percent in regular trading, Groupon is now mostly flat… Read More

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