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Groupon, Inc.
Headquarters at the Leo Burnett Building in Chicago, Illinois
Groupon, Inc. is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 13[2] countries. Based in Chicago, Groupon was launched there in November 2008, launching soon after in Boston, New York City and Toronto. By October 2010, Groupon was available in 150 cities in North America and 100 cities in Europe, Asia and South America, and had 35 million registered users.[3][4][5][6] By the end of March 2015, Groupon served more than 500 cities worldwide, nearly 48.1 million active customers and featured more than 425,000 active deals globally in 48 countries.[7][8][9]
The idea for Groupon was created by former CEO and Pittsburgh native[10] Andrew Mason.[11] The idea gained the attention of his former employer, Eric Lefkofsky, who provided $1 million in seed money to develop the idea. In April 2010, the company was valued at $1.35 billion.[12] According to a December 2010 report conducted by Groupon's marketing association and reported in Forbes magazine and the Wall Street Journal, Groupon was "projecting that the company is on pace to make $1 billion in sales faster than any other business, ever."[10]
In its first earnings release as a public company, Groupon reported a 2011 fourth-quarter loss of $9.8 million on an adjusted basis, disappointing investors.[13] Additional investor concerns arose after the company restated 2011 revenues downward in March 2012.[14]
^"2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. March 15, 2024. Retrieved March 16, 2024.
^Ebuehi, Francis. "Groupon closes shop in South Africa as part of strategic re-alignment – Innovation Village". innovation-village.com. Retrieved 2018-02-01.
^"Groupon About".
^"Groupon Expands to New Markets in Florida" (Press release). October 12, 2010.
^MacMillan, Douglas; Galante, Joseph (December 6, 2010). "Groupon Prankster Mason Not Joking in Spurning Google". Bloomberg.
^"Groupon hits 50m Subscribers – Shopping site sensation". January 21, 2011. Archived from the original on January 28, 2011.
^"Groupon Q1 2015 Public Fact Sheet." Groupon. Retrieved June 1, 2015. http://investor.groupon.com/index.cfm Archived 2017-11-04 at the Wayback Machine.
^ abBari Weiss (December 18, 2010). "Groupon's $6 Billion Gambler". Wall Street Journal. Retrieved December 18, 2010. 30-year-old CEO Andrew Mason who possessed an entreprineul spirit at the age of 15 with a bagel delivery service, Bagel Express(Rafferty, 2019). He's on the cover of Forbes magazine labelled "The Next Web Phenom."
^Coburn, Marcia Froelke (July 14, 2010). "The Real Deal". Retrieved July 14, 2010.
^Steiner, Christopher (August 30, 2010). "Meet The Fastest Growing Company Ever". Forbes. Retrieved November 23, 2010.
^Groupon Posts Loss of $9.8 Million
^Taylor, Colleen (2012-03-30). "Groupon's Profit In 2011 Was Actually $22.6 Million Less Than They Previously Said". TechCrunch. Retrieved 2013-07-04.
Groupon, Inc. is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services...
American businessman and entrepreneur. He is the founder and former CEO of Groupon, a Chicago-based website offering users discounts on local businesses and...
discounts and coupons. Initially, it was a deal-of-the-day website similar to Groupon, but it later changed focus. Rather than a small number of prepaid offers...
Groupon MyCityDeal is a collective buying power, deal-of-the-day website that is focused on bringing discounted price deals in the lifestyle and leisure...
billionaire businessman. He is the founder of Tempus, and the co-founder of Groupon, Echo Global Logistics (ECHO), InnerWorkings (INWK), and Mediaocean. He...
is best known as the Founder and Chairman of Endy and as Co-Founder of Groupon International via acquisition of his company Citydeal. Ruparell was born...
acquired by Grubhub, OrderUp was a part of the Groupon family of companies and operated as both OrderUp and Groupon-To-Go. OrderUp started as an online food...
employees in 2011 to about 200 in 2016. LivingSocial was purchased by Groupon in 2016. LivingSocial was founded as Hungry Machine in 2007 by four employees...
mobile app development company. Xtreme Labs' clients included Microsoft and Groupon. In December 2019, Pivotal Labs was acquired by VMware and renamed VMware...
sold to an investor group that included Zeller Realty Group as well as Groupon co-founders Eric Lefkofsky and Brad Keywell. The company has been headquartered...
Groupon, an award-winning mobile app to book hotels last minute in Europe. When Blink was acquired by Groupon in September 2013, she joined Groupon....
in Europe, Israel and North America. He is best known for co-founding Groupon International (Citydeal), Canadian Mattress brand Endy, prop tech startup...
in Groupon. Barris is currently on the Board of Directors of nine companies; Broadview Networks Holdings, Inc., Echo Global Logistics, Inc., Groupon, Hillcrest...
software provider. He is an early investor of Tempus Labs, co-founder of Groupon, Echo Global Logistics, Mediaocean, DRIVIN, and Lightbank. He founded WNDR...
Facebook Daily Active Users (DAU), Monthly Active Users (MAU) Twitter Monthly Active Users (MAU), Timeline Views Per MAU Groupon Active Customer Units...
companies, including the website Groupon. Lightbank's Eric Lefkofsky was an original co-founder and Andrew Mason of Groupon. Other Lightbank investments include...
million members. It is a deal of the day sales website similar to Groupon. Groupon, Wowcher, and Barclaycard’s Bespoke Offers service were growing quickly...
trades as Groupon, to change some of its trading practices following an OFT investigation. The investigation found widespread examples of Groupon's practices...
From April to September 2011, she served as Groupon's COO for a five-month stint, during which Groupon filed a Form S-1 in anticipation of its IPO. In...
direct competitor to other social commerce sites such as LivingSocial and Groupon for online coupons and deals-of-the-day. Facebook users were able to use...
equivalent amount of the funds raised during a joint initiative by UNICEF and Groupon for a higher-quality learning environment in Indian schools. She was elevated...
highest-valued, privately held social media companies at the time: Facebook, Groupon, Twitter, and Zynga. Andreessen Horowitz has also invested in Airbnb, Lytro...
The company's investors included cofounders of Facebook, YouTube and Groupon. After a meeting between Doug Imbruce and Marissa Mayer, the company was...
otherworldly resort within an immortality field. Jerry encounters Risotto Groupon, an alien who blames Rick for his kingdom being usurped. Risotto enlists...
after its $6 billion acquisition offer to Groupon was rejected. Google Offers functions much like Groupon as well as its competitor LivingSocial. Users...
Global Information
US$515 million (2023)
US$−18 million (2023)