Groupon Registers Loss With Waning Daily Deals Fortunes
Feb09

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...

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Groupon Snaps Up Ex-Googlers’ E-Commerce Startup
Feb06

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...

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