Posts Tagged ‘Groupon’

The location-based mobile check-in and rating service Ditto now belongs to the online coupon giant Groupon. The Ditto team is looking forward to working together with Groupon, according to the company blog. The App, developed by Pingpin Inc., was first released last year as a mobile application. Users can check-in to certain locations, see where their friends are, communicate with them in real-time in order to meet up, and post and read ratings using Ditto. Read the rest of this entry »

At the end of last year, Groupon was celebrated as the star of the stock exchange. The company’s IPO brought them a whopping €700 million, the largest IPO since Google’s, and was launched to having a net worth of $13 billion. Now, negative press has caused the growing-stock to fall, and Groupon’s current valued worth is around $8 billion. What happened? Discontentment has been growing among the investors, customers, and users. Read the rest of this entry »

As announced at the end of February by Groupon is now becoming reality: in the first half of 2012, the location-based group discount service will be introducing new deals in Europe, this including Germany, as quoted by Groupon founder and chief Andrew Mason in Wirtschaftswoche. Read the rest of this entry »

Despite numerous speculations regarding the end of the never-ending row of online coupons, but investors continue to pump large sums into companies like LivingSocial and Plum District. The deal portals, which have specialized themselves in location-based group deals, especially wish to expand their unique selling points with the extended financial support in order to improve their position against competition. But the competition is still strong: the leader of the pack Groupon has introduced a new online-booking possibility with an appointment planner with its new Groupon Scheduler. Read the rest of this entry »

The big step was virtually confirmed for mid-September by insiders, but the market leader for online coupons is taking a step back. According to The Wall Street Journal, Groupon cancelled its “Roadshow” for investors and has further delayed its initial public offering (IPO).
The reason for this is, according to professionals, the worldwide financial crisis as well as the growing doubts of the business model. Although insiders believed Groupon to be capable of a multi-billion dollar IPO – even the company wanted to get 750 million from investors – the company is still making minuses. The latest reports claim a 50 percent loss in business. Read the rest of this entry »

Looks like the daily-deal market is losing significance to some of the major players in the market: shortly after Facebook’s announcement to suspend their daily-deal program, the rating community Yelp is following suit. Well, not quite as extreme, but 50% of the workforce has been cut back. Yelp said that it is going to be focusing on “good” deals instead of having no choice but to offer those with an “inherently declining quality.” Read the rest of this entry »

The speculation has been going on for weeks – now it’s official: the check-in/geolocation service Foursquare, which just began expanding its coupon market with the integration of deal offerings from five new partners, has now caught the big fish, Groupon. Starting immediately, Foursquare offers its users offerings from Groupon Now!, the special platform that offers real-time coupons. Read the rest of this entry »

Google is still a bit angry that it wasn’t about to buy out Groupon last year. Even Facebook has taken the opportunity to attack the ever-growing deal portal: Facebook Deals has officially launched in five US cities.
San Francisco, San Diego, Dallas, Austin, Atlanta – Facebook users in these cities can now get the latest deals on the “alpha”-version of the new service. Payment is accepted in the form of credit card or Facebook Credits. And of course, users can see which deals friends have taken advantage of, and there is a direct deal search for deals in your vicinity. Read the rest of this entry »

Deal giant Groupon is wearing the seven-league boots on its way to the stock market. The executive suite has been polished with gleaming, noble names, six million US Dollars have been acquired on the side as capital, and the supermarket chain General Mills has cut a deal…not a bad way to get going…
American media has knighted Groupon as a “Juggernaut”, a real player in the market. The company could easily reap in about a billion US Dollars from investors, and just about everyone is certain that the company will go public soon. Read the rest of this entry »