Groupon Posts

Groupon Planning To Hire Over 100 In Palo Alto


Daily deals website Groupon.com is looking to hire some additional talent in Silicon Valley. They have an office at 409 Sherman Avenue in Palo Alto, California and they plan to hire over 100 developers and other technology jobs there. They are specifically looking for those who have talent in data, analytics, networking, math, and RoR.
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Groupon CEO Andrew Mason Says They Put Too Much Trust In Ad Agency CP&B For Super Bowl Ads


Groupon CEO Andrew Mason said that the company placed too much trust in ad agency Crispin Porter & Bogusky (CP&B) for their Super Bowl commercials and they fired them for it. This is a different perception Groupon portrayed as they defended the controversial ads shortly after they aired.
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Groupon Talking To Bankers About $25 Billion IPO


Group coupon subscription service Groupon.com is talking to bankers about an IPO with a valuation of $25 billion according to Bloomberg. Just as a comparison, Google was given a $23 billion valuation during their IPO. Groupon made $760 million in revenues last year and they are projecting to make over $1 billion this year. Groupon is currently in talks with Morgan Stanley and Goldman Sachs about the IPO. [Bloomberg]

LivingSocial In Talks To Raise $500 Million


In December, LivingSocial raised $183 million from Amazon.com and Lightspeed Venture Partners. Now the company is looking to raise an additional $500 million according to The Wall Street Journal. LivingSocial would use the funding to keep expanding and stay competitive with Groupon.
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Facebook Taking On Groupon By Launching Local Deals Subscription Service


Groupon may have over 50 million e-mail subscribers, but Facebook has over 500 million users and they plan to starting making even more money from them. Facebook has special posts at the top of the News Feed homepage urging people to subscribe to updates about their Deals location based check-in coupon services. They are also suggesting people to invite their friends too. The first cities to receive updates from Facebook Deals include San Diego, San Francisco, Dallas, Austin, and Atlanta. You can pick cities to receive deals from at the website: Facebook.com/deals. [InsideFacebook]

Groupon Launches In China Under The Name Gaopeng.com


Groupon has launched in China under the name Gaopeng.com. The website will initially cover Beijing and Shanghai. Tencent Holdings and Yunfeng Capital are investors in Gaopeng. Yunfeng Capital is a private equity fund started by Alibaba.com Chairman Jack Ma. Some of Gaopeng.com’s competitors include Lashou.com and Meituan.com. [Bloomberg]

Groupon Hit $760 Million In 2010 Revenues


Daily deals website Groupon.com hit $760 million in 2010 revenues. This is a huge increase from their 2009 revenues of $33 million. More than one third of their sales came in from outside of the U.S. Groupon CEO Andrew Mason hopes to hit billions in 2011 revenues.
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Groupon Attempted To Poach Hulu CEO Jason Kilar


Groupon is expanding rapidly overseas and it is rumored that they have approached Hulu CEO Jason Kilar about joining their company. Groupon considered hiring Kilar as the head of worldwide operations and the position that could be filled within the next 30 days. It is uncertain whether Kilar was interested in the job or not. [Hollywood Reporter]