Groupon

Groupon shares drop on Q1 revenue miss, shutters businesses in 11 more markets

Groupon — the once-dominant daily deals business that has more recently tried to shift to other kinds of local commerce — today reported first-quarter earnings that pointed to a company st

Groupon closes up 23% after Q4 report, says it paid nothing for LivingSocial

Groupon, the daily deals platform that has been restructuring itself and trying to shift into more profitable areas of e-commerce, today reported its Q4 earnings. The company reported sales of $934.9

Asia’s answer to ClassPass is pivoting to become a marketplace for local services

One of Asia's most-funded clones of U.S.-based subscription fitness service ClassPass is pivoting to local services.

Groupon is buying LivingSocial, plans to downsize business to 15 markets from 27

Some significant consolidation is going down in the world of daily deals — going down being the operative phrase here. Today, Groupon announced it would acquire LivingSocial, its onetime big r

Groupon reports better-than-expected revenue, still not profitable

Deal site Groupon saw its shares rising today in after-hours trading, following a better-than-expected second quarter earnings report. Analysts expected the Chicago-based company to report negati

Groupon is selling its Indonesia business to fitness membership startup KFit

Groupon continues to streamline its business in Asia after it announced the sale of its operations in Indonesia to a somewhat unlikely buyer. KFit, a startup that sells gym and fitness memberships in

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

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

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 challe

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 compan

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!)

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 millio

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. Pr

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,

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 instantan

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 i

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 compa

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 t

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 “

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 bill
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