-
Groupon Strikes Back, Breaks Even, Plans to Sell 30M Shares
Friday, October 21, 2011 - 10:38am | 547The daily deals leader is turning out to be one lean, mean, fighting machine. Though it wasn't too long ago that Groupon CEO and co-founder Andrew Mason got into trouble for writing an internal memo that leaked online, it all seems like a distant memory now. Over the past few months, Groupon has...
-
SEC Questions Groupon Over Leaked Memo; Roadshow Cancelled as the Company Re-examines IPO Timing
Tuesday, September 6, 2011 - 3:48pm | 266According to the Dow Jones Newswires, Groupon has received questions from the Securities and Exchange Commission over the outspoken memo that CEO Andrew Mason sent out to his employees late last month. The memo leaked and, within a matter of days, everyone knew what Mason was thinking. “The reason...
-
Is Groupon Illegally Tooting Its Own Horn?
Friday, August 26, 2011 - 2:02pm | 418There is an article in the Wall Street Journal today discussing Groupon. That's nothing new, the company is set to go public before the end of the year, and many have deemed it the fastest growing tech company of all time. So why is this mention causing such a stir? It's because the company may...
-
Groupon's Andrew Mason: "I've Never Been More Confident and Excited about the Future of our Business"
Friday, August 26, 2011 - 10:54am | 1085In an internal memo sent to thousands of employees, Groupon CEO and co-founder Andrew Mason breaks his silence. Kara Swisher of AllThingsD has scored an exclusive look at the memo, which addresses the silly (if not absurd) controversy surrounding Groupon's accounting practices. Known as ACSOI (...
-
Can Groupon Be The White Knight For Stocks?
Wednesday, August 10, 2011 - 11:56am | 672The Groupon IPO. The one everyone has been waiting for. This morning, some details were released about about the company's second quarter, as it had an amended filing with the SEC to get rid of its accounting metric, known as "adjusted consolidated segment operating income,” or ACSOI. “While we...
-
Groupon IPO Follows a Year of Success, Big Deals and Buyout Offers
Thursday, June 2, 2011 - 5:59pm | 573We knew it was coming. Groupon's prospective IPO has been the talk of the town ever since Google (NASDAQ: GOOG) attempted to acquire the daily deal organization last fall. The reports were all but daily, with every rumor indicating that Groupon would be sold to the search engine giant. Groupon...
-
Why Groupon Didn't Screw Up in Resisting Buyout Offers
Thursday, June 2, 2011 - 3:41pm | 272It's not often that you can turn down $6 billion dollars and still come out ahead, but that's exactly what it looks like Groupon just did. In the world's worst-kept secret, the Chicago-based Groupon filed paperwork Thursday to raise up to $750 million in an IPO. The filing does not specify how...
-
Groupon and Live Nation Team Up for GrouponLive (LYV)
Monday, May 9, 2011 - 11:12am | 275In a joint venture that could forever change the way consumers buy concert tickets, Groupon has teamed up with Live Nation Entertainment, Inc. (NYSE: LYV) to develop a new online ticketing deals channel called GrouponLive. While this announcement isn't likely to signal the end of traditional...
-
Groupon Expanding Into China
Thursday, February 10, 2011 - 9:33am | 185Despite some verbal backlash as a result of the company's Super Bowl ads, Groupon said it plans to expand its Chinese staff to 1,000 within three months, and enter China "very soon." The company had three ads during the pre-game and the game, showing Groupon deals in the context of tragedies around...
-
Is There Something In The Water At Mt. Lebanon?
Monday, December 6, 2010 - 3:02pm | 95Broadcast.com founder Mark Cuban is one of many celebrities associated with the town of Mt. Lebanon. Ming-Na (most well-known for her appearance on ER), Gillian Jacobs (one of the stars of Community) and Pittsburgh Penguins legend Mario Lemieux are just a few of the names in connection to the...
-
Groupon Seeking Venture Funding, May Be Worth $3 Billion
Monday, November 8, 2010 - 9:59am | 109Groupon Inc. is seeking venture capital that may value the company at around $3 billion, according to Bloomberg. Groupon wants to expand beyond the 230 markets it currently operates in, hoping to expand to 300 cities by year end. Groupon's popularity has spawned a flurry of coupon websites from...
-
Groupon Founder On The Verge Of Being A Billionaire
Thursday, September 23, 2010 - 9:29am | 223Chicago investor Eric Lefkofsky, cofounder and 30% owner of the fastest-growing company ever, Web phenom Groupon, has made the Forbes 400 Billionaires List. Groupon, which sends out daily coupons to its users about deep discounts on products and services, was launched in 2008 and employs more...