All Posts Tagged Tag: ‘Groupon’
The company that supposedly turned down a $6 billion acquisition offer from Google may now plan to one-up it in another way. A new report indicates Groupon is discussing an initial public offering that could value the organization at $25 billion, even though Google’s own IPO valued it at closer to $23 billion. We should note that $25 billion isn’t …
At retail stores, unusual payments often bring things to a halt. Food stamps, tax exemptions, and even things like two-dollar bills can baffle cashiers (and computers) who aren’t used to dealing with them. So to ease the burden Groupon puts on some businesses (and perhaps increase its influence), it’s possible we’ll see cash registers with Groupon buttons introduced. We know, …
Skype said today that for the first time advertising will appear in the “Home” tab of Skype for Windows starting this week. The first advertisers on Skype include Groupon, Nokia, Universal Pictures and Visa. Skype said ads would initially appear in the U.S., U.K. And Germany. Skype “Home” features a sponsored masthead space of 650 x 170 pixels expandable to …
Groupon Founder and CEO Andrew Mason wrote a post on the company’s official blog about the things Groupon will not be transparent about.
"As press interest in Groupon has grown, I’ve found myself increasingly uttering two words that have always annoyed me: ‘no comment,’" says Mason. "We like to be as transparent with our customers as possible, but, just as people don’t walk around naked, there are some things that we as a company don’t talk about (for obvious reasons)."
When it comes to handling money, citizens of the United Arab Emirates know what they’re doing. This small federation (115th in terms of total area) actually counts as the world’s 35th-largest economy, according to the International Monetary Fund. So UAE residents should appreciate the fact that a local version of Groupon has launched.
When Groupon was said to have turned down a $6 billion acquisition offer from Google, many onlookers wondered what could possibly have motivated that decision. Now we know: the ability to earn $760 million in revenue in 2010, along with the goal of bringing in over a billion this year.
Can Groupon own the deals space the way Google owns search? It’s hard to imagine the space being dominated by any one company. Forget for a second that it has Google and Facebook to contend with, and even LivingSocial (previously cited as its closest competitor).
What deals sites have you tried? How successful were your campaigns? Tell us about it.
YouGov BrandIndex shared some findings with us regarding brand perception around Groupon in light of the company’s (what some might refer to as) blunders.
A spokesperson for the firm tells WebProNews, "With two strikes under its belt within 10 days of each other (Super Bowl ad, flower debacle), how’s Groupon consumer perception faring? People love the bargains of Groupon, but they are becoming increasingly dissatisfied with what’s been going on."
Groupon has posted a video showing off what a typical Wednesday looks like at the Groupon headquarters.
It’s almost as if nobody’s there at all…
Groupon says the video is an "effort to remain transparent."
It could turn into a nice little viral video to follow up the ill-concieved Super Bowl spots.
On Super Bowl Sunday, Groupon began running some ads that that some people found offensive. After the widespread outcries, Groupon CEO Andrew Mason posted an apology/explanation on the company’s blog.
Still, talk of the ads has hardly died down. Conan O’Brien has been ripping into them all week long.
Groupon employees might want to look for the quality of coffee at their workplace to improve in the near future. This afternoon, Groupon announced that Howard Schultz, the CEO of Starbucks, has joined its board of directors. Groupon got an unspecified amount of money from a VC firm, too.
Let’s cover the funding news first, since there’s not much to say. Groupon only explained in a statement, "Maveron LLC, a venture capital firm co-founded by Mr. Schultz, has invested in the company."
Assuming it didn’t already, OpenX should definitely have Google’s attention now. The company launched an updated version of its OpenX Enterprise ad technology today, and in the process, announced that it’s secured Groupon and Orange (the telecommunications entity) as customers.
Groupon made a lot of noise with its Super Bowl commercials. Initially, before they ever aired, the simple fact that they were advertising before the Super Bowl was interesting news in itself. It would give a growing company mass exposure, and potentially make it a household name. As competition mounts in the daily deals space, extending that brand lead would seem crucial.
Google has a new project in the works that appears to be a direct competitor to Groupon. It’s called Google Offers. According to an official fact sheet about the product, obtained by Mashable, Google Offers is "a new product to help potential customers and clientele find great deals in their area through a daily email."
Most of you would probably agree that local is one of the biggest trends on the web these days, fueled by a variety of factors: increased mobile and smartphone usage, localized deals services (like Groupon), and of course search. Local is a major focus of Google right now, as evidenced by an increasing number of local results being returned for queries, as well as products like Google Places, Hotpot and Google Offers.
Ok, I’ll admit it, I’m liking Groupon, SwarmJam, and other email-driven and mobile local coupon deals.. heck, what’s not to like about the service?
Indeed, I’ve been pretty skeptical about the insane valuations being thrown around about Groupon, although Google and their recent announcement to jump into this lucrative space may derail the huge valuation of Groupon… wait and see I guess. So how popular has Groupon, Living Social and other services become??
The company that’s said to have turned down a $6 billion acquisition offer from Google has now lured an important employee away from the second-biggest name in search. Michael Shim, Vice President of Mobile Business Development and Partnerships at Yahoo, will soon start at Groupon.
Shim’s resume is quite impressive. After graduating from Georgetown University and Cornell Law School, he worked for a time as a corporate lawyer. Then he collected some paychecks from AOL before starting at Yahoo in 2006.
As previously reported, Groupon has apologized for a recent deal gone bad in Tokyo. In the apology, CEO Andrew Mason mentioned that Groupon has "capacity planning formulas" to help merchants figure out the number of customers they can handle from a Groupon deal. As you may know, a common complaint about Groupon is that it can send too many people to a business, which does not have the means to meet customer demand.
Groupon CEO Andrew Mason apologized to users in Tokyo for a deal that went bad a few days before the New Year’s holiday. The deal involved the delivery of food, and became too popular for the business providing the deal to handle.
They sold 500 "Groupons", and the business was unable to process the orders, leading to late deliveries, and deliveries of product in "terrible condition", as Mason describes it.
Groupon is launching in India, Israel, and South Africa as it has acquired similar deals sites in each of those countries – SoSata, Grouper, and Twangoo respectively.
"Collective buying is in its infancy in India, Israel and South Africa and we see strong potential," said Rob Solomon, president and COO of Groupon. "Groupon is shaping the way local merchants market themselves in every corner of the world."
Groupon announced that it has completed its $950 million round of financing, which has been discussed in the tech press over the last couple weeks. The company says it will use the funds to fuel global expansion, invest in technology, and provide liquidity for employees and early investors.
If Groupon’s not already a household name, it may be soon. According to AdAge, the company is getting ready for some big time TV advertising, starting with spots during the Super Bowl pre-game show (the Super Bowl itself was already sold out).
Groupon has had a few ads flagged after some issues with the Advertising Standards Authority, an independent watchdog for ad standards in the UK.
The ads in question were found to be misleading, because they failed to make clear certain terms, such as the fact that one person had to pay full price for a meal to get a second one at a discounted price, or that another deal didn’t apply to weekends. One "misleadingly exaggerated" the savings it offered, according to the ASA.
The company that supposedly turned down a $6 billion acquisition offer from Google has now given another sign that it has some very interesting financial plans. Groupon announced today that it’s secured Jason Child, a high-ranking exec at Amazon, as its chief financial officer.
Child held the title "Vice President of Finance" for Amazon’s international business prior to this move, and that role put him in within a department worth about $14 billion. So Child has valuable experience with large, public companies that operate in more than one country.
Legend has it that Groupon turned down a $6 billion offer from Google, which if accepted would have been Google’s biggest acquisition to date. Time will tell if this was a smart move or not, but Andrew Mason, Groupon’s CEO seems fairly confident in the company’s future.
Daily deals site Groupon might soon become the property of another company whose name starts with "G" and contains a couple "o"s, according to a new report. Supposedly Google (the company in question, if you couldn’t guess) is willing to write a pretty big check, too.
File this one in "maybe, possibly, perhaps" category: rumor has it that Yahoo, with its history of dealing in search, advertising, and content, just might acquire popular deal of the day site Groupon.
Kara Swisher reported earlier this afternoon, "Sources said Yahoo has been eyeing [Groupon] for possible acquisition, which would put it smack dab in the hot space around local purchasing and consumer information."
eBay announced that it is working with Groupon to offer eBay Bucks members another way to earn bucks. Members of the eBay Bucks program can sign into their eBay account, access a Groupon offer from an eBay site page, and complete a transaction.
Members of the rewards program will earn 5% in eBay Bucks for Groupon deals that they purchase by clicking on the ad in their My eBay Bucks accounts and transactions on the Groupon site. In order for eBay to track and issue Bucks, users must click to the Groupon site.
DealOn, which has declared itself "Groupon’s biggest threat", has announced the launch of what it calls the web’s first ever daily deal offer exchange called OfferEx. "Think DoubleClick for daily deals. This is revolutionary and reduces the risk and increases profits for both sides of the table," a representative for the company tells WebProNews. She calls it "a technology that will level the daily deal playing field."
Visitors to McClatchy sites will get deals from Groupon that aren’t even available at Groupon.com. These will initially launch in Sacramento and Kansas City, with other regions following over the coming months.