Groupon

  • 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

  • Is Seattle Silicon Valley’s Next Favorite Stop? Crunch Network

    Is Seattle Silicon Valley’s Next Favorite Stop?

    In the last ten years, the Seattle tech scene has changed quite dramatically. In the 1990s and early 2000s, the only gigantic software companies in town were Microsoft and Amazon. For a time it even became common knowledge that most Seattle-based startups had only two viable exit strategies: go public, or get acquired by Microsoft. Read More

  • Groupon Sells 46% Of Korea’s Ticket Monster To KKR Consortium For $360M

    Groupon Sells 46% Of Korea’s Ticket Monster To KKR Consortium For $360M

    The long-running question mark over Groupon’s ownership of Ticket Monster has been resolved. Today the company announced that it is selling a controlling stake in the Korean online shopping platform to a consortium that includes Anchor Equity Partners, KKR and TMON management. The group is taking a 46% of the company for $360 million, valuing Ticket Monster at $782 million, assuming… Read More

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