Technology & Computing

Who is Groupon owned by?

By: Alireza JandaghianUpdated: February 20, 2021

Categories

Site Statistics

  • Questions
    94,481
  • Answers
    1,984,101
  • Categories
    21
  • Last Updated
    September 29, 2022
Groupon is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 15 countries.

Groupon.
Type of business Public
Chairman Eric Lefkofsky
CEO Aaron Cooper (interim)
Industry Electronic commerce
Revenue US$2.84 billion (2017)

Regarding this, who is the CEO of Groupon?

Aaron Cooper (Mar 25, 2020–)

Likewise, how much did Groupon sell for?

But that may have been the company's peak. Today, Groupon is valued at just $2.4 billion after a years-long decline in the daily deals category; Groupon acquired its principal competitor LivingSocial for $0 in 2016.

When was Groupon founded?

November 2008

What went wrong with Groupon?

So where did it all go wrong? In fairness, Groupon itself had little to do with investors falling over themselves to buy the stock after its IPO and forcing its price to unsustainable levels. That anecdotal evidence made some businesses reluctant to use Groupon and resulted in generally less attractive coupons.

Related

How does Groupon make money?

Groupon generates money through the sale of vouchers and card-linked deals, which connect consumers with local businesses. The company also sells goods directly to consumers in many cases. Groupon has shifted its focus toward card-linked deals in an effort to streamline the process for customers.

Does Groupon still exist?

Today, Groupon is valued at just $2.4 billion after a years-long decline in the daily deals category; Groupon acquired its principal competitor LivingSocial for $0 in 2016. Amazon once owned a third of LivingSocial in addition to operating its own local deals business, which it shut down in 2015.

Will Groupon survive?

Over time, I believe Groupon will exhaust its user base, a trend that will accelerate as it becomes harder for the company to offer good deals. But that's not why Groupon is at risk of not surviving.

Are Groupons worth it?

Everyone's experience will be different depending on where they are and what they buy. So the bottom line here: Groupons can be worth it if you always read the fine print and are very careful about the Goods you buy. However, if you're on a super-tight budget, I would recommend steering away from Groupon.

Why is Groupon so successful?

The fundamental reason why Groupon is so successful is because they took advantage of an untapped market need. The simple fact is that we all love a great deal. Coupons will always work but they hadn't really expanded that much beyond being cut out of a magazine, with the odd exception of a Pizza Express email voucher.

What is Groupon now?

Groupon has just launched Groupon Now, the company's much-anticipated time-based deals app that wants to redefine how society eats and shops. Groupon Now, which was first revealed in March, is a simple application within Groupon's mobile apps that gives a user the ability to find local deals in realtime.

Where is Groupon headquarters located?

Chicago, Illinois, United States

Can you buy a Groupon for someone else?

Simply click 'Buy as Gift' on the item or experience you want to gift to someone and follow the steps through checkout. Then your gift can be delivered by email or mail, or you can ship it to yourself and give it in person. It's that easy! Currently, our gifting option can only be accessed through the web experience.

How does Groupon work for businesses?

Groupon makes money by charging a marketing fee advertising and promoting their offers. Merchants make money from running deals on Groupon as Groupon customers typically spend more than the value of a deal and 91% return or plan to return to the business.

Who is Rich Williams?

Richard John Williams (born February 1, 1950) is the guitarist for the American rock band Kansas, and has been with them since their 1974 self-titled debut album. Williams lost his right eye in a childhood fireworks accident. He wore a prosthetic eye for many years, but now wears an eye patch instead.

Why was Andrew Mason fired?

Groupon Fires CEO Andrew Mason: The Rise and Fall of Tech's Enfant Terrible. It was only a matter of time. Groupon fired its charismatic CEO Andrew Mason on Thursday after a tumultuous tenure pockmarked by accounting gaffes, sophomoric stunts and a whopping 77% decline in the company's share price.

Why is Groupon so cheap?

The deals offered daily through Groupon start at 50 percent off and can go as high as 90 percent cheaper than the normal price. Groupon can offer such steep discounts because it guarantees business owners a minimum return on their investment and the possibility of becoming an overnight sensation.

Why Groupon is bad for business?

Groupon Deteriorates The Value Of Your Business
If company X can offer a 50% discount and still make a good profit, then they must be jacking up their prices. Once a customer receives a large discount, it trains them to wait for later coupons and deteriorates the value of your products and services.