Tag Archives: Groupon
Loopt Teams Up With Groupon To Pull Real-Time Offers Based On Location
Loopt and Groupon have partnered with each other to pull real-time offers of Groupon Now! If an iOS owner is near a certain location, Loopt will pop up an alert notification. Groupon Now! will appear on place pages within Loopt. [Loopt Blog]
Categories Groupon, Groupon Now!, Loopt
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LivingSocial Vs. Groupon Vs. Facebook Deals vs. Google Offers [INFOGRAPHIC]
The daily deals industry is growing at a rapid pace. Groupon turned down a $6 billion offer from Google in order to pursue an IPO. And LivingSocial is closing in on Groupon’s market share. This infographic shows LivingSocial vs. Groupon vs. Facebook Deals vs. Google Offers. [via]
Categories Facebook Deals, Google Offers, Groupon, Infographics, LivingSocial
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Groupon Poaches Google VP of Global Sales Ops Margo Georgiadis
Daily coupon deals website Groupon.com has hired Google Inc. (NASDAQ:GOOG) VP of Global Sales Operations Margo Georgiadis. Georgiadis will become the chief operating officer of Groupon. Groupon COO Rob Solomon exited the company in March and as the company prepares for an IPO, they need a fully staffed board. Georgiadis won’t have to move far to start her new job. She worked at Google in Chicago and that is where Groupon is based too. [BusinessInsider]
Categories Google, Groupon, Margo Georgiadis, Rob Solomon
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Groupon Acquires Pelango, Makers Of Whrrl Mobile App
Pelango, the mobile application development company that created Whrrl, has been acquired by Groupon. Whrrl allows users to check in to locations and discover new places. Pelango founder Jeff Holden will become an executive of Groupon’s product development team as part of the acquisition. The terms of the deal were undisclosed.
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T. Rowe Price Reveals Social Media Investments: $190.5M In Facebook, $71.8M In Zynga, And $86.8M In Groupon
T. Rowe Price Group, Inc. (NASDAQ:TROW) has revealed some of their investments in social media companies. They have invested a total of $190.5 million in Facebook as of the end of March. The company also invested $71.8 million in Zynga and $86.8 million in Groupon. Two years ago T. Rowe participated in a $100 million round in Twitter along with Insight Venture Partners, Benchmark Capital, and Morgan Stanley. Other investments include $10 million worth of equity in Ning, $35 million equity in Angie’s List, and $114 million equity in YouKu.com. [NYT]
Categories Angie's List, Facebook, Groupon, Ning, T. Rowe Price, Twitter, Youku, Zynga
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Groupon Hires Goldman Sachs and Morgan Stanley As Lead Underwriters For IPO
Groupon Inc. has hired Goldman Sachs and Morgan Stanley as the lead underwriters for an IPO that they are planning for later this year according to sources with The Wall Street Journal. Groupon is expected to be valued at between $15 and $20 billion when the company goes IPO. JP Morgan Chase & Co. is expected to be a co-manager for the IPO according to the same sources.
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Groupon Acquires Indonesia Based Disdus
Groupon has acquired Disdus, an Indonesia based daily deals website, which will be renamed Groupon Indonesia. Disdus is a portfolio company of East Ventures. Disdus serves the Jakarta and Bandung markets. This acquisition makes Groupon available in 46 countries and puts them at about 6,000 employees worldwide. Disdus was co-founded by Jason Lamuda and Ferry Tenka. The two raised a round of seed funding from East Ventures at the end of 2010. [TechCrunch]
Groupon COO and President Rob Solomon Departs
Rob Solomon, the COO and President of daily deals website Groupon.com, has stepped down. It is uncertain why he is leaving, but Groupon CEO Andrew Mason said that he is moving back to Woodside, California. “He will remain a friend and advisor to the company into perpetuity,” said Mason. [AllThingsD]
Categories Andrew Mason, Groupon, Rob Solomon
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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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Categories Groupon
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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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Categories Crispin Porter and Bogusky, Groupon
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