Groupon Registers Loss With Waning Daily Deals Fortunes

Groupon have announced that they sustained a loss over the financial year ending December 2011. The earning calls, made by Groupon CEO Andrew Mason and CFO Jason Childs, indicated that over the last quarter, Groupon had incurred a loss of $43 million even though overall revenues shot up by an impressive 194% from $172.2 million in 2010 to current levels of $506.5 million over the last year.
This revenue increase is attributable to the fact that Groupon has been working hard to diversify its …

Groupon Snaps Up Ex-Googlers’ E-Commerce Startup

Groupon has continued on its buying spree of fledgling social buying and e-commerce outfits with its latest acquisition being e-commerce startup Adku. Started one and a half years back by ex-Google employees who had branched out to set up their own startup, Adku uses a unique algorithmic method to craft shopping experiences in a so-called data-driven model.
This model is fairly new and this may be a big reason why Groupon have swallowed the bait. It’s however also interesting to note that …