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NEWS ABOUT: Groupon

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Groupon Stock Hike Probed

Trading spikes ahead of release of strong results

(Newser) - Did Groupon insiders try for a daily deal of their own? A Wall Street regulator is probing some fishy trading activity in the hours before the company released stronger-than-expected financial results earlier this week, sources tell the Wall Street Journal . Shares in the company—which had fallen more than 50%... More »

Groupon Shares Surge After First Profit

Coupon site says it has boosted revenue, slashed costs

(Newser) - Groupon is starting to look like a good buy for investors again. The daily deals company's shares surged 18% yesterday, and climbed further in after-hours trading after it recorded its first-ever quarterly profit, excluding a one-off charge for tax expenses, reports Reuters . Revenue leaped 89% from a year earlier... More »

'Widespread' Abuses by Groupon: UK Regulator

Company given three months to clean up its act

(Newser) - The UK's Office of Fair Trading today found Groupon guilty of "widespread" violations of consumer protection rules, citing concerns over "pricing, advertising, refunds, unfair terms, and the diligence of its interactions with merchants," the BBC reports. The regulator gave Groupon three months to clean up its... More »

Groupon Offers $12K Trip to See Titanic

You'll head down to see the ship itself in a small submarine

(Newser) - Attention, serious Titanic buffs with cash to burn and no issues with claustrophobia: Groupon is offering a $12,500 deal today (actual value: $59,680) on an excursion to see the sunken ship up close and personal, reports the Chicago Tribune . The highlight of the 13-day trip, which departs from... More »

Groupon Sees Backlash Over 'Dahmer Tour' Coupon

It yanks affiliation after Milwaukee residents complain

(Newser) - A gruesome Groupon has sparked an uproar in Milwaukee. The daily deal website offered a coupon for a tour of "the hunting grounds" of serial killer Jeffrey Dahmer. The deal sold out, but a flurry of negative reaction caused Groupon to pull its affiliation with the company organizing the... More »

Groupon Posts $42.8M Loss

First results since IPO disappoint investors

(Newser) - Groupon's first earnings release as a public company may leave those who flocked to buy shares after its IPO with buyer's remorse. The daily deals site posted a fourth-quarter net loss of $42.7 million, sending its shares tumbling 13% and surprising analysts who had predicted a modest... More »

Groupon Shares Going Gangbusters on Day One

Thanks, but no thanks, says Henry Blodget

(Newser) - Groupon is having a big debut as a public company. The stock was selling for about $30 a share at the market's open today, way above the $20 IPO price the company set last night, reports the Wall Street Journal . Which means that, on paper anyway, the company is... More »

Groupon IPO Values Firm at $12.8 Billion

Daily deals king overpriced, analysts say

(Newser) - Groupon has raised $700 million in the biggest initial public offering by a US Internet firm since Google's 2004 IPO. The daily deals leader floated some 5% of the firm for $20 a share, above an initial range of $16 to $18, giving the company a market value of... More »

Groupon Expects $480M From IPO

Had hoped for $750M just months ago

(Newser) - Early this summer, Groupon was aiming to raise $750 million in its initial public offering; now, it expects to raise no less than $480 million but no more than $540 million from the sale of 30 million shares, the AP reports. In a tough market for stock offerings, the firm... More »

Groupon to Start IPO Roadshow

Despite questions about its accounting, valuation, and leadership

(Newser) - Groupon is going ahead with its IPO plans , and will launch its official roadshow to drum up interest next week, sources tell Reuters . The move comes despite recent turmoil in the stock market and questions about Groupon’s own accounting practices. The IPO is expected to value the company at... More »

Devices Spy on You 24 Hours a Day

Personal data sells for billions of dollars

(Newser) - Companies are observing nearly every move you make and selling your personal data for billions of dollars—and Washington appears helpless to stop them, the Los Angeles Times reports. Whether it's your smart phone, cable box, Facebook page, or video game, devices are amassing reams of data on your... More »

More Groupon Workers Suing for Overtime

This time, 50 employees allege they weren't paid overtime

(Newser) - Groupon employees have filed a class action lawsuit against the company claiming unpaid overtime, the second such suit filed against the daily deals website in the past month. This time around, Groupon’s so-called “deal vetters”—a position that no longer exists—say they weren’t paid overtime... More »

Grad School Offers Groupon Deal on Tuition

At least for one $2,232 teaching course, which will go for $950

(Newser) - Is Groupon the future of financial aid? Probably not, but National Louis University is taking the site for a spin, offering prospective grad students almost 60% off its introduction to teaching course, the Chicago Tribune reports. The course is specifically designed for Groupon, and assumes students have no prior teaching... More »

Facebook Kills 'Deals'

Move should bode well for Groupon

(Newser) - Lots of bloodshed at Facebook this week: First 'Places' was axed . Now its four-month-old Groupon-competitor, 'Deals', is officially being killed off. "After testing Deals for four months, we've decided to end our Deals product in the coming weeks," explained Facebook in a statement sent to... More »

Groupon Is Watching You

Site will start collecting sharing more user data

(Newser) - Beware, bargain hunter: Groupon is looking over your shoulder. The daily deals site announced yesterday that it will collect and share more information about its users, in a move sure to attract the attention of federal regulators and privacy advocates. Also announced in the privacy policy changes: Groupon will market... More »

Is Buying Medical Services on Groupon a Good Idea?

Surprise, surprise: Experts aren't so sure that it is

(Newser) - Groupon and other "daily deal" sites are great places to snag discounted meals, outings, and—somewhat counter-intuitively—medical services. When you're looking at paying $2,400 for a $5,000 dental procedure or getting 81% off an eye exam, it probably seems pretty tempting. But is it a... More »

7 Startup Ideas That've Been Beaten to Death

Sick of Groupon knockoffs yet?

(Newser) - Sure, maybe the little kid down the block just happened to think of setting up a, um, limeade stand right after you started hawking lemonade, but in the real-life world of startups the consequences are somewhat more serious—and annoying. Business Insider runs down the seven moldiest startup trends out... More »

Another High-Profile IPO: Groupon Going Public

Online coupon company expects to raise $750M

(Newser) - If you think Groupon's online coupon idea will continue to be a surefire success against mounting competition , you'll have a chance to bet on it: The company filed paperwork for its much-anticipated initial public offering today, reports MarketWatch . Groupon plans to raise $750 million with its IPO and... More »

Groupon: We Owe Our Success to Good Writing

Daily deals site differentiates itself through the 'Groupon Voice'

(Newser) - Pop Quiz: What’s the best way to describe a 4,700-pound chandelier? If you want to work at Groupon, your answer should be “More brilliant than a studious Christmas tree.” That’s an actual question the booming Internet company asks its prospective employees, reports the New York ... More »

Look Out, Groupon: Facebook Debuts ‘Deals’

Looks to copy successful group coupon model

(Newser) - In its relentless quest for total world domination, Facebook today unveils its latest ploy: Deals, an unapologetic attempt to capitalize on the bargain-wielding model of Groupon and LivingSocial. Debuting in five test markets—Atlanta, Austin, Dallas, San Diego, and San Francisco—Deals is separate from the check-in-based deals model it... More »

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