Tag Archives: The Business Insider
Groupon’s Financial Situation May Mean Trouble
Cue the panic: Groupon is running low on money and could be on a fast-track to financial disaster. Business Insider says the company will be okay as long as it remains in the black until its IPO, but that Groupon owes merchants $392 million and only has $225 million cash to work with. Further, Groupon owes $680 million but only has a total of $376 million in assets.
Categories Groupon, The Business Insider
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Business Insider Blog Raises About $5 Million In Series C
The Business Insider is a blog that recently relaunched under one brand. The Business Insider was founded by Henry Blodget and this is the third round of funding. Although Blodget never announced himself how much was raised, it is rumored to be around $5 million.
The participants in this round of funding is believed to be Allen & Co., Marc Andreessen, Jim Friedlich, and Matt Luckett. Previous investors may have also participated. The last round of funding was around July 2008.
It is not known what The Business Insider plans to do with this round of funding, but it is expected that they will be revamping their entertainment section.
[via paidContent]