 | This article's "Business" section contains text that is written in a promotional tone. (January 2024) |
  Headquarters at the Leo Burnett Building in Chicago, Illinois | |
| Type of business | Public |
|---|---|
Type of site | Online deal marketplace |
| Traded as |
|
| Headquarters | Leo Burnett Building, , U.S. |
| Area served | Global |
| Founder(s) | |
| Chairman | Ted Leonsis |
| CEO | Dušan Šenkypl (interim) |
| Industry | Electronic commerce |
| Revenue |  US$515 million (2023) |
| Operating income |  US$−18 million (2023) |
| Net income | US$−55 million (2023) |
| Total assets | US$571 million (2023) |
| Total equity | US$−41 million (2023) |
| Employees | 2,213 (2023) |
| Subsidiaries | Groupon MyCityDeal, Ideel, LivingSocial, CommerceInterface, Adku, SnapSave, Swarm, Mob.ly, PrettyQuick LLC, Groupon Getaways, Aisle50, GrouponLive, Plumfare, Boomerang, Inc., Cloud Savings Company |
| URL | groupon |
| Launched | November 2008 |
| Current status | Active |
| Native client(s) on | iOS, Android |
| References:[1] | |
Groupon, Inc. is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 13[2] countries. Based in Chicago, Groupon was launched there in November 2008, launching soon after in Boston, New York City and Toronto. By October 2010, Groupon was available in 150 cities in North America and 100 cities in Europe, Asia and South America, and had 35 million registered users.[3][4][5][6] By the end of March 2015, Groupon served more than 500 cities worldwide, nearly 48.1 million active customers and featured more than 425,000 active deals globally in 48 countries.[7][8][9]
The idea for Groupon was created by former CEO and Pittsburgh native[10] Andrew Mason.[11] The idea gained the attention of his former employer, Eric Lefkofsky, who provided $1 million in seed money to develop the idea. In April 2010, the company was valued at $1.35 billion.[12] According to a December 2010 report conducted by Groupon's marketing association and reported in Forbes magazine and the Wall Street Journal, Groupon was "projecting that the company is on pace to make $1 billion in sales faster than any other business, ever."[10]
In its first earnings release as a public company, Groupon reported a 2011 fourth-quarter loss of $9.8 million on an adjusted basis, disappointing investors.[13] Additional investor concerns arose after the company restated 2011 revenues downward in March 2012.[14]
- ^ "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. March 15, 2024. Retrieved March 16, 2024.
- ^ Ebuehi, Francis. "Groupon closes shop in South Africa as part of strategic re-alignment – Innovation Village". innovation-village.com. Retrieved 2018-02-01.
- ^ "Groupon About".
- ^ "Groupon Expands to New Markets in Florida" (Press release). October 12, 2010.
- ^ MacMillan, Douglas; Galante, Joseph (December 6, 2010). "Groupon Prankster Mason Not Joking in Spurning Google". Bloomberg.
- ^ "Groupon hits 50m Subscribers – Shopping site sensation". January 21, 2011. Archived from the original on January 28, 2011.
- ^ "Groupon Q1 2015 Public Fact Sheet." Groupon. Retrieved June 1, 2015. http://investor.groupon.com/index.cfm Archived 2017-11-04 at the Wayback Machine.
- ^ Kerin, Roger (2013). Marketing. p. 147.
- ^ "Annual investor reports (2017, 2016)". investor.groupon.com. Groupon investors website. Retrieved 3 December 2018.
- ^ a b Bari Weiss (December 18, 2010). "Groupon's $6 Billion Gambler". Wall Street Journal. Retrieved December 18, 2010.
30-year-old CEO Andrew Mason who possessed an entreprineul spirit at the age of 15 with a bagel delivery service, Bagel Express(Rafferty, 2019). He's on the cover of Forbes magazine labelled "The Next Web Phenom."
- ^ Coburn, Marcia Froelke (July 14, 2010). "The Real Deal". Retrieved July 14, 2010.
- ^ Steiner, Christopher (August 30, 2010). "Meet The Fastest Growing Company Ever". Forbes. Retrieved November 23, 2010.
- ^ Groupon Posts Loss of $9.8 Million
- ^ Taylor, Colleen (2012-03-30). "Groupon's Profit In 2011 Was Actually $22.6 Million Less Than They Previously Said". TechCrunch. Retrieved 2013-07-04.