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		<title>Former Yahoo Shashi Seth to Join Tribune as President of New Digital Ventures Unit</title>
		<link>http://allthingsd.com/20130521/former-yahoo-shashi-seth-to-join-tribune-as-president-of-new-digital-ventures-unit/</link>
		<comments>http://allthingsd.com/20130521/former-yahoo-shashi-seth-to-join-tribune-as-president-of-new-digital-ventures-unit/#comments</comments>
		<pubDate>Tue, 21 May 2013 20:39:33 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Amy Banse]]></category>
		<category><![CDATA[AOL]]></category>
		<category><![CDATA[cable]]></category>
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		<category><![CDATA[Comcast Ventures]]></category>
		<category><![CDATA[connections]]></category>
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		<category><![CDATA[Industry Moves]]></category>
		<category><![CDATA[Marissa Mayer]]></category>
		<category><![CDATA[Peter Liguori]]></category>
		<category><![CDATA[photo-sharing]]></category>
		<category><![CDATA[product]]></category>
		<category><![CDATA[service]]></category>
		<category><![CDATA[Shashi Seth]]></category>
		<category><![CDATA[Silicon Valley]]></category>
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		<category><![CDATA[Tribune Company]]></category>
		<category><![CDATA[Tribune Digital Ventures]]></category>
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		<category><![CDATA[Yahoo Mail]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=324098</guid>
		<description><![CDATA[A new investment arm of the media giant gets a new exec to find new ideas.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/files/2013/05/shashi_seth_380.png"><img src="http://allthingsd.com/files/2013/05/shashi_seth_380.png" alt="shashi_seth_380" width="380" height="284" class="alignright size-full wp-image-324103" /></a></p>
<p>Shashi Seth, former top product exec at Yahoo, has joined the Tribune Company as president of Tribune Digital Ventures, according to sources.</p>
<p>He will be reporting to CEO Peter Liguori and based in Silicon Valley, apparently to set up a brand new digital arm of the Chicago-based media company.</p>
<p>Sources said TDV would seek to invest in, buy and partner with innovative startups, not unlike the Comcast Ventures unit of the cable giant, which is run by Amy Banse.</p>
<p>Seth ran a wide variety of product groups for Yahoo &#8212; the last as SVP of its Connections division &#8212; and <a href="http://allthingsd.com/20130115/yahoo-connections-svp-shashi-seth-is-out/">left in January</a>, some months after new CEO Marissa Mayer took over.</p>
<p>Seth had been in charge of a swath of key products at Yahoo including Yahoo Mail, the Flickr photo-sharing service and many others.</p>
<p>Previous to Yahoo, Seth also worked at Google and AOL.</p>
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		<title>I'm Still Here: Stock Soars as Groupon Shows Stronger-Than-Expected Q1 Revenue</title>
		<link>http://allthingsd.com/20130508/im-still-here-stock-up-as-groupon-shows-stronger-than-expected-revenue-while-earning-meet-estimates/</link>
		<comments>http://allthingsd.com/20130508/im-still-here-stock-up-as-groupon-shows-stronger-than-expected-revenue-while-earning-meet-estimates/#comments</comments>
		<pubDate>Wed, 08 May 2013 20:32:42 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[analyst]]></category>
		<category><![CDATA[Andrew Mason]]></category>
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		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[committee]]></category>
		<category><![CDATA[conference call]]></category>
		<category><![CDATA[consensus]]></category>
		<category><![CDATA[consumer]]></category>
		<category><![CDATA[customer]]></category>
		<category><![CDATA[decline]]></category>
		<category><![CDATA[device]]></category>
		<category><![CDATA[earnings]]></category>
		<category><![CDATA[expectations]]></category>
		<category><![CDATA[firing]]></category>
		<category><![CDATA[first quarter]]></category>
		<category><![CDATA[GAAP]]></category>
		<category><![CDATA[gross billings]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[Illinois]]></category>
		<category><![CDATA[international]]></category>
		<category><![CDATA[Kal Raman]]></category>
		<category><![CDATA[leader]]></category>
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		<category><![CDATA[North America]]></category>
		<category><![CDATA[official]]></category>
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		<category><![CDATA[press release]]></category>
		<category><![CDATA[profit]]></category>
		<category><![CDATA[Q1]]></category>
		<category><![CDATA[results]]></category>
		<category><![CDATA[revenue]]></category>
		<category><![CDATA[search]]></category>
		<category><![CDATA[sentiment]]></category>
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		<category><![CDATA[statement]]></category>
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		<category><![CDATA[strategy]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=319635</guid>
		<description><![CDATA[On the other hand, I could use a nice cup of hot growth.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/files/2013/05/tombstone-300x1801.jpg"><img src="http://allthingsd.com/files/2013/05/tombstone-300x1801.jpg" alt="tombstone-300x1801" width="300" height="180" class="alignright size-full wp-image-319645" /></a></p>
<p>Groupon said it had revenue of $601.4 million, up eight percent, in the first quarter, and earnings of three cents. Those profits were in line with Wall Street expectations, but sales were better than the expected $590 million at the daily deals site.</p>
<p>The stock was up nearly 12 percent in after-hours trading to $6.21. Shares have risen 42.6 percent in the last six months, although that&#8217;s down 43.9 percent from a year ago.</p>
<p>There was no news of the search for a new leader for Groupon, which fired its CEO, co-founder Andrew Mason, in the quarter.</p>
<p>On a conference call later, co-CEO Ted Leonsis said that Groupon&#8217;s board had formed a search committee, but that it was &#8220;not in a hurry&#8221; to find a new company head.</p>
<p>But, in a statement, co-CEO Eric Lefkofsky said: &#8220;We are encouraged by our results, as our local revenues accelerated and our margins improved over the prior quarter.&#8221;</p>
<p>Anything up is good news for the suffering Groupon, which has been pilloried by Wall Street since its late 2011 IPO, although sentiment has improved since Mason&#8217;s ouster. </p>
<p>Gross billings, which is the amount consumers buy from Groupon overall, without subtracting payments to merchants, were up four percent, to $1.04 billion, on strong growth in North America. Sales were off internationally, though, by 9 percent.</p>
<p>International business, which has a bigger active customer base than North America, was the cause of much of Groupon&#8217;s declines, a problem execs have been trying to address with a new &#8220;One Playbook&#8221; strategy to consolidate systems. </p>
<p>On the conference call, COO Kal Raman called the situation &#8220;a tale of two Groupons.&#8221;</p>
<p>On a GAAP basis, Groupon had a loss of one cent, from two cents in the same period a year ago. </p>
<p>Groupon also said North American transactions on mobile devices accounted for 45 percent of the overall number, up from 30 percent last year, while email fell to less than 45 percent of the deals sold. </p>
<p>On a less happy note, Groupon said that its outlook for the second quarter would be below consensus.</p>
<p>Here&#8217;s the the Chicago-based Groupon&#8217;s official press release, as well as some tasty financial slides, so you can read it all for yourself:</p>
<p><font size="2"><a href="http://www.docstoc.com/docs/156053730/GRPN">GRPN</a></font><br /><object id="_ds_156053730" name="_ds_156053730" width="640" height="550" type="application/x-shockwave-flash" data="http://viewer.docstoc.com/"><param name="FlashVars" value="doc_id=156053730&#038;mem_id=1512683&#038;doc_type=PDF&#038;fullscreen=0&#038;allowdownload=1" /><param name="movie" value="http://viewer.docstoc.com/"/><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /></object><script type="text/javascript">var docstoc_docid="156053730";var docstoc_title="GRPN";var docstoc_urltitle="GRPN";</script><script type="text/javascript" src="http://i.docstoccdn.com/js/check-flash.js"></script></p>
<p><font size="2"><a href="http://www.docstoc.com/docs/156057884/GRPN_1Q13_Earnings_Slides">GRPN_1Q13_Earnings_Slides</a></font><br /><object id="_ds_156057884" name="_ds_156057884" width="640" height="550" type="application/x-shockwave-flash" data="http://viewer.docstoc.com/"><param name="FlashVars" value="doc_id=156057884&#038;mem_id=1512683&#038;doc_type=pdf&#038;fullscreen=0&#038;allowdownload=1" /><param name="movie" value="http://viewer.docstoc.com/"/><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /></object><script type="text/javascript">var docstoc_docid="156057884";var docstoc_title="GRPN_1Q13_Earnings_Slides";var docstoc_urltitle="GRPN_1Q13_Earnings_Slides";</script><script type="text/javascript" src="http://i.docstoccdn.com/js/check-flash.js"></script></p>
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		<title>Belly Now Aims Its Loyalty Platform at National Enterprise Businesses</title>
		<link>http://allthingsd.com/20130425/belly-now-aims-it-loyalty-platform-at-national-enterprise-businesses/</link>
		<comments>http://allthingsd.com/20130425/belly-now-aims-it-loyalty-platform-at-national-enterprise-businesses/#comments</comments>
		<pubDate>Thu, 25 Apr 2013 14:00:43 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[analytics]]></category>
		<category><![CDATA[belly]]></category>
		<category><![CDATA[campaign]]></category>
		<category><![CDATA[chain]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[client]]></category>
		<category><![CDATA[consumer]]></category>
		<category><![CDATA[customer]]></category>
		<category><![CDATA[email]]></category>
		<category><![CDATA[engagement]]></category>
		<category><![CDATA[Illinois]]></category>
		<category><![CDATA[in-store]]></category>
		<category><![CDATA[integration]]></category>
		<category><![CDATA[location]]></category>
		<category><![CDATA[loyalty]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[national]]></category>
		<category><![CDATA[platform]]></category>
		<category><![CDATA[StartUp]]></category>
		<category><![CDATA[system]]></category>
		<category><![CDATA[tablet]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=315431</guid>
		<description><![CDATA[Chicago-based Belly said it was rolling out its customer loyalty and marketing platform to larger national enterprise clients. The startup has been aimed at the consumer market and smaller businesses since its launch in 2011, focused on increasing customer engagement, driving repeat business and helping attract new customers. Belly said it has been working with 40 national chains representing more than 500 current locations, using a system that includes a tech platform, an in-store tablet, analytics and marketing, as well as helping clients do email campaigns, social media integration and other mobile marketing.]]></description>
				<content:encoded><![CDATA[<p>Chicago-based Belly said it was rolling out its customer loyalty and marketing platform to larger national enterprise clients. The startup has been aimed at the consumer market and smaller businesses since its launch in 2011, focused on increasing customer engagement, driving repeat business and helping attract new customers. Belly said it has been working with 40 national chains representing more than 500 current locations, using a system that includes a tech platform, an in-store tablet, analytics and marketing, as well as helping clients do email campaigns, social media integration and other mobile marketing.</p>
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		<title>Despite Controversy in Austin and Philly, Ride-Sharing Service SideCar Expands to Boston, Brooklyn and Chicago</title>
		<link>http://allthingsd.com/20130315/despite-controversy-in-austin-and-philly-ride-sharing-service-sidecar-expands-to-boston-brooklyn-and-chicago/</link>
		<comments>http://allthingsd.com/20130315/despite-controversy-in-austin-and-philly-ride-sharing-service-sidecar-expands-to-boston-brooklyn-and-chicago/#comments</comments>
		<pubDate>Fri, 15 Mar 2013 12:00:00 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Product News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Austin]]></category>
		<category><![CDATA[Boston]]></category>
		<category><![CDATA[Brooklyn]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[Lyft]]></category>
		<category><![CDATA[Margaret Ryan]]></category>
		<category><![CDATA[Philadelphia]]></category>
		<category><![CDATA[ride-sharing]]></category>
		<category><![CDATA[Sidecar]]></category>
		<category><![CDATA[Uber]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=303914</guid>
		<description><![CDATA[SideCar's last two launches included a sting, a lawsuit and 20,000 free rides requested, so this should be exciting.]]></description>
				<content:encoded><![CDATA[<p><a href="http://www.side.cr/">SideCar</a>, the peer-to-peer ride-sharing service that has courted controversy in its recent launches, is adding three more cities today. Its last two launches earned a car-impounding sting, a lawsuit and 20,000 free rides requested, so this should be exciting.</p>
<p><a href="http://allthingsd.com/files/2012/06/SideCar1.png"><img class="alignright size-medium wp-image-224342" alt="SideCar1" src="http://allthingsd.com/files/2012/06/SideCar1-190x285.png" width="190" height="285" /></a>The company connects riders and drivers through its smartphone apps, with payment in &#8220;gifts&#8221; rather than fares.</p>
<p>It is launching weekend service in Boston, Brooklyn and Chicago. Previously, the company started operations in San Francisco, then expanded to Seattle, Los Angeles, Philadelphia and Austin.</p>
<p>But those last two cities didn&#8217;t go too smoothly. In Philadelphia, local authorities <a href="http://allthingsd.com/20130225/philly-tries-to-curb-to-peer-to-peer-ride-sharing-company-sidecar/">conducted a sting</a> and impounded the cars of SideCar drivers.</p>
<p>In Austin, the transportation authority declared ride-sharing was illegal, so SideCar <a href="http://blog.side.cr/2013/03/08/our-case-to-defendsharing/">filed a lawsuit against the city</a> a week ago, and made all rides free for now.</p>
<p>Free rides were an easy non-sell during SXSW, with more than 20,000 requested during the Interactive (a.k.a. technology) portion of the festival. (Obviously, not all of those were fulfilled. But such is the nature of the system.)</p>
<p>SideCar spokeswoman Margaret Ryan said of the Austin situation via email, &#8220;We&#8217;ve since had productive meetings with city officials, many of which are pro-rideshare. We&#8217;re hoping to have resolution so we can go back to operating as usual soon.&#8221;</p>
<p>Meanwhile, San Francisco-based SideCar is still in discussions with regulators in its home market, where competitors Uber and Lyft have already settled with the California Public Utilities Commission, but <a href="http://allthingsd.com/20130214/sidecar-buys-an-austin-competitor-let-the-sxsw-ride-sharing-wars-commence/">SideCar had resisted terms</a> that limited an open interpretation of ride-sharing.</p>
<p>In Boston, Brooklyn and Chicago, SideCar will be available from 5 pm to 3 am on weekend nights until it reaches critical mass.</p>
<p>The company had also said last month that it was recruiting drivers in Washington, D.C., for launch this year.</p>
<p>SideCar <a href="http://allthingsd.com/20121010/despite-ride-sharing-regulatory-trouble-sidecar-gets-vcs-to-invest-10m/">raised</a> $10 million in Series A funding last year from investors including Lightspeed Venture Partners and Google Ventures.</p>
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		<title>Groupon Earnings Miss Big, Sending Stock Into After-Hours Swoon</title>
		<link>http://allthingsd.com/20130227/groupon-earnings-miss-big-sends-stock-into-after-hours-swoon/</link>
		<comments>http://allthingsd.com/20130227/groupon-earnings-miss-big-sends-stock-into-after-hours-swoon/#comments</comments>
		<pubDate>Wed, 27 Feb 2013 21:30:48 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[after-hours trading]]></category>
		<category><![CDATA[Andrew Mason]]></category>
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		<category><![CDATA[fourth quarter]]></category>
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		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[guidance]]></category>
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		<category><![CDATA[loss]]></category>
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		<category><![CDATA[Q4]]></category>
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		<category><![CDATA[stock]]></category>
		<category><![CDATA[third quarter]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=299181</guid>
		<description><![CDATA[Uh-oh.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/files/2013/02/url5.png"><img src="http://allthingsd.com/files/2013/02/url5-380x199.png" alt="url" width="380" height="199" class="alignright size-medium wp-image-299200" /></a></p>
<p>Despite a large uptick in the stock earlier today, Groupon&#8217;s fourth-quarter results caused its shares to plunge 23 percent in after-hours trading.</p>
<p>The Chicago-based company said its revenues were $638.3 million in the three months, just below expectation of $640 million and up 30 percent from a year ago.</p>
<p>But the fourth-quarter GAAP loss was 12 cents per share, or $81.1 million, which included a loss of seven cents from a non-operating item. That compares to a 12 cent loss a year ago, but was well over the two cent loss Wall Street had expected.</p>
<p>This comes after <a href="http://allthingsd.com/20121108/liveblog-groupon-talks-about-its-third-quarter-miss/">Groupon&#8217;s third-quarter miss</a>, which puts the fate of CEO Andrew Mason into some question. He and several board members had a <a href="http://allthingsd.com/20121127/exclusive-is-andrew-mason-on-the-bubble-as-ceo-of-groupon/">bit of a kerfuffle several months ago over this management abilities</a>.</p>
<p>Still, on a <a href="http://allthingsd.com/20130227/groupon-ceo-all-is-well-nothing-to-see-here-carry-on/">conference call on the results</a> today, Mason struck a positive tone on the poor results.</p>
<p>In addition, the company&#8217;s guidance was also disappointing, with first-quarter revenue between $560 million and $610 million. That&#8217;s much lower than the $650.3 million, that investors were estimating. Groupon also said it would have a possible operating loss in Q1 up to $10 million.</p>
<p>Groupon shares were down to $4.63 after the markets closed, after a nearly eight percent run-up earlier in the day.</p>
<p>Here is the company&#8217;s official press release on Q4:</p>
<p><font size="2"><a href="http://www.docstoc.com/docs/147152910/GRPN">GRPN</a></font><br /><object id="_ds_147152910" name="_ds_147152910" width="640" height="550" type="application/x-shockwave-flash" data="http://viewer.docstoc.com/"><param name="FlashVars" value="doc_id=147152910&#038;mem_id=1512683&#038;doc_type=PDF&#038;fullscreen=0&#038;allowdownload=1" /><param name="movie" value="http://viewer.docstoc.com/"/><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /></object><script type="text/javascript">var docstoc_docid="147152910";var docstoc_title="GRPN";var docstoc_urltitle="GRPN";</script><script type="text/javascript" src="http://i.docstoccdn.com/js/check-flash.js"></script></p>
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		<title>In Another Onstage Interview, Groupon's Andrew Mason Says Nothing (But Charmingly)</title>
		<link>http://allthingsd.com/20121211/in-another-onstage-interview-groupons-andrew-mason-says-nothing-but-charmingly/</link>
		<comments>http://allthingsd.com/20121211/in-another-onstage-interview-groupons-andrew-mason-says-nothing-but-charmingly/#comments</comments>
		<pubDate>Tue, 11 Dec 2012 18:44:03 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=276875</guid>
		<description><![CDATA[Shhhhhhh! Someone might be listening.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/files/2011/09/masonglg.png"><img src="http://allthingsd.com/files/2011/09/masonglg.png" alt="" title="masonglg" width="380" height="285" class="alignright size-full wp-image-124433" /></a></p>
<p>Today at a local mobile conference in San Francisco, Groupon CEO and co-founder Andrew Mason appeared for <a href="http://allthingsd.com/20121128/groupons-andrew-mason-of-course-my-board-is-discussing-replacing-me-but-i-want-to-stay/">another onstage interview</a> and was immediately asked about the various and sundry mishegas of late at the daily deals site.</p>
<p>And said, <em>um</em>, not much. It wasn&#8217;t exactly his fault &#8212; there is almost no plus to him saying much.</p>
<p>So Mason did not.</p>
<p>Not much about thinly sourced rumors of acquisition interest by Google. </p>
<p>Not much about the <a href="http://allthingsd.com/20121127/exclusive-is-andrew-mason-on-the-bubble-as-ceo-of-groupon/">palpable tension and discussions between him and some board members</a> about whether he should remain as Groupon&#8217;s top leader. </p>
<p>Not much about its lackluster stock, down more than 80 percent since its IPO just over a year ago.</p>
<p>Not much about its issues in Europe or about its growth prospects.</p>
<p>&#8220;What I have said about Groupon is everything I will say about it,&#8221; he said. &#8220;I am focused on looking forward.&#8221;</p>
<p><em>Bokay!</em> </p>
<p>Actually, Mason, who is a very clever man, joked effectively, &#8220;Let&#8217;s not talk about mobile,&#8221; which was the actual focus of the <a href="http://mobileloco.net/">Mobile-Loco conference</a> he was appearing at.</p>
<p>Fair point, and he moved into explaining what Groupon was up to these days (more of the same, but more with the mobile).</p>
<p>About one-third of the Chicago-based company&#8217;s business is now done via mobile, by the way.</p>
<p>&#8220;Our mobile customers have been our best customers,&#8221; he noted, making the point that smartphones appeal to a more cutting edge consumer and also merchants.</p>
<p>&#8220;I think they are willing to use technology when the value proposition is clear to them,&#8221; Mason said about retailers, one of whom he worked at recently. &#8220;They do it because it is important to them.&#8221;</p>
<p>Mason also talked about local, payments and other generalities about the social daily deals business.</p>
<p>All of which he answered with a level of nice confidence that belies troubles that the novice CEO is trying to overcome. It&#8217;s a tough task for anyone, of course, and not one that many would be able to handle with as much equanimity as Mason does in public. So, on one level, you have to hand it to Mason for putting himself out there so much at a difficult time and chatting away.</p>
<p>But not about what the audience wanted to hear about. Which is to say: What&#8217;s <em>really</em> next?</p>
]]></content:encoded>
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		<title>Exclusive: Is Andrew Mason on the Bubble as CEO of Groupon?</title>
		<link>http://allthingsd.com/20121127/exclusive-is-andrew-mason-on-the-bubble-as-ceo-of-groupon/</link>
		<comments>http://allthingsd.com/20121127/exclusive-is-andrew-mason-on-the-bubble-as-ceo-of-groupon/#comments</comments>
		<pubDate>Tue, 27 Nov 2012 21:04:03 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=273033</guid>
		<description><![CDATA[Is a boardroom showdown looming for the troubled daily deals company and its affable co-founder?]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/files/2012/11/d9-20110601-133626-4324-2.png"><img src="http://allthingsd.com/files/2012/11/d9-20110601-133626-4324-2.png" alt="" title="d9-20110601-133626-4324-2" width="380" height="253" class="alignright size-full wp-image-273052" /></a></p>
<p>According to sources close to the situation, several Groupon board members have been seriously discussing making major leadership changes at the Chicago-based daily deals company, including bringing in a more experienced CEO to take over for co-founder Andrew Mason.</p>
<p>The board of Groupon has a regularly scheduled meeting later this week; sources said such management issues are likely to be discussed there, due to increasing frustration by some directors about the novice CEO&#8217;s performance so far.</p>
<p>To be clear, a move to replace Mason is not likely to happen immediately, if at all. And, in any case, any changes are likely to be done with his involvement. In addition, Mason also has support on the eight-member board &#8212; director and former AOL exec Ted Leonsis has always been a key mentor to him, for example.</p>
<p>But it has become obvious over the last months that a substantive rift has been developing between Groupon&#8217;s key players.</p>
<p>That has centered on Mason&#8217;s co-founder and Groupon executive chairman, Eric Lefkofsky, and board member and co-founder Brad Keywell. They, as well as several other directors, have been urging Mason to be more aggressive and public about the company&#8217;s turnaround efforts, sources said.</p>
<p>&#8220;The question is not whether Andrew is a good guy, but whether Groupon needs an Eric Schmidt,&#8221; said one person close to the situation, referring to the former Google CEO who was brought in to work closely with the company&#8217;s two founders. &#8220;And there&#8217;s been a lot more pressure now on the board to consider this seriously.&#8221;</p>
<p>The thoughtful and affable Mason &#8212; who has been the heart and soul of Groupon&#8217;s quirky culture and innovative product strategy &#8212; has indeed sometimes seemed to be in over his head in terms of leadership once the stakes got higher and the pressure increased after its IPO was announced last June.</p>
<p>While the company&#8217;s struggles have been well known for a while now, discussions about Mason&#8217;s tenure as CEO have increased as its stock has dropped precipitously. That has prompted its directors and management to seek to find a way to get the company on more stable footing as a business and, perhaps more importantly, with investors.</p>
<p>That has included the promotion of former Amazon exec <a href="http://allthingsd.com/20121114/groupon-tries-out-having-a-coo-again-promotes-kal-raman/">Kal Raman</a> to COO recently to give Mason more support. Raman is now, in effect, in charge of many operational aspects of the company, although not product, marketing or technology.</p>
<p>Another bright light recently has been a <a href="http://allthingsd.com/20121124/can-the-hedge-fund-dudes-save-groupons-stock/">major investment by Tiger Global Management</a>, a well-regarded hedge fund and private equity firm, which bought up close to 10 percent of Groupon. The move sent its shares up 24 percent in the last week, to $3.88, with a $2.5 billion valuation.</p>
<p>But that&#8217;s still 85 percent below its public offering price a year ago, and a far cry from the hype around the company when it exploded on the scene several years ago. Once the darling of the start-up space, with its innovative new social e-commerce model and lightning-fast growth, Groupon attracted huge funding from a panoply of top-tier Silicon Valley investors.</p>
<p>With that came a stunning $6 billion acquisition offer from Google and, later, an even huger valuation of more than $10 billion. </p>
<p>All that goodwill changed immediately after the company announced its IPO last June, with continued controversy around everything from Groupon&#8217;s accounting to management turmoil to its business model to rocky relations with merchants.</p>
<p>And while Mason has <a href="http://allthingsd.com/20120817/video-exclusive-heres-groupons-andrew-mason-talking-about-daily-deals-sites-stock-smack-future-plans-and-ipo-regrets-or-lack-thereof/">labored to affect a more professional tone</a> in his own style, and seemed to have created a more stable management team, continued issues in Europe and getting enough traction for a <a href="http://allthingsd.com/20121109/groupons-not-trying-to-become-amazon-but-andrew-mason-says-products-are-key/">number of new promising product initiatives</a> has been tougher to solve.</p>
<p>Therefore, Mason&#8217;s performance is naturally under increased scrutiny, said sources. He will surely get questions on his record tomorrow, when he is scheduled to appear onstage at <a href="http://www.businessinsider.com/event/ignition-2012/speakers">Business Insider&#8217;s Ignition conference in New York</a>.</p>
<p>Charles Sipkins, a spokesman for the board, declined to comment, as did Groupon spokesman Paul Taaffe.</p>
]]></content:encoded>
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		<title>Can the Hedge Fund Dudes Save Groupon's Stock?</title>
		<link>http://allthingsd.com/20121124/can-the-hedge-fund-dudes-save-groupons-stock/</link>
		<comments>http://allthingsd.com/20121124/can-the-hedge-fund-dudes-save-groupons-stock/#comments</comments>
		<pubDate>Sat, 24 Nov 2012 21:39:19 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=272069</guid>
		<description><![CDATA[The capitalist kind can be very helpful.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/files/2012/11/pigs-to-rescue.jpeg"><img src="http://allthingsd.com/files/2012/11/pigs-to-rescue-355x285.jpeg" alt="" title="pigs to rescue" width="355" height="285" class="alignright size-medium wp-image-272354" /></a></p>
<p>Here&#8217;s something you haven&#8217;t seen in a while &#8212; Groupon shares rose more than 36 percent last week after Chase Coleman&#8217;s Tiger Global Management disclosed Monday that it had bought 65 million shares.</p>
<p>The well-known hedge fund and private equity firm, which has also bought a decent-sized stake in Yahoo recently, actually purchased the stock of the much-beleaguered daily deals company on November 9, according to its <a href="http://www.sec.gov/Archives/edgar/data/1167483/000091957412006556/d1335719_13-g.htm">filing with the Securities and Exchange Commission</a>. At the time, Groupon was at $2.76, down about 90 percent from its IPO a year ago.</p>
<p>That&#8217;s nearly a 10 percent stake overall for Tiger.</p>
<p>It seems to be part of a hedge fund party at Groupon. Paul Tudor Jones of Tudor Investments also disclosed a small buy of 150,000 shares last week &#8212; as well another from George Soros&#8217; Soros Fund Management, which recently disclosed it had bought 2.5 million shares of Groupon.</p>
<p>Groupon stock closed at $3.95 Friday, a huge improvement &#8212; though still massively off its IPO price. Its market valuation is just $2.6 billion. </p>
<p>The Chicago-based Groupon had to be happy about the purchase, which give the company &#8212; as well as its CEO and co-founder Andrew Mason &#8212; some much needed breathing space. One source close to the situation noted that Coleman is considered to be a friendly and well-regarded investor.</p>
<p>And a reassessment of Groupon by Wall Street could also help. In a note on Monday, Deutsche Bank analyst Ross Sandler wrote that he was considering an upgrade of the stock, noting that the &#8220;everything is imploding&#8221; meme around the company was not accurate. </p>
<p>Still, slower growth and management changes, as well as continued troubles in its European business, remain worries. Groupon recently <a href="http://allthingsd.com/20121114/groupon-tries-out-having-a-coo-again-promotes-kal-raman/">promoted Kal Raman</a>, who had previously been SVP of global sales and operations, to COO to help stabilize leadership.</p>
<p>Still, the best medicine right now seems to be a little confidence from a rich guy, as you can see from this chart:</p>
<p><a href="http://ycharts.com/companies/GRPN/chart#series=calc:price,type:company,id:GRPN&#038;maxPoints=650&#038;zoom=5d&#038;format=real"><img src="http://media.ycharts.com/charts/7b193c5a8e27cfdd833630af797da93b.png" alt="GRPN Chart" /></a>
<p style="font-size: 10px;"><a href="http://ycharts.com/companies/GRPN">GRPN</a> data by <a href="http://ycharts.com">YCharts</a></p>
<p>And here&#8217;s Mason, in an <a href="http://allthingsd.com/20120817/video-exclusive-heres-groupons-andrew-mason-talking-about-daily-deals-sites-stock-smack-future-plans-and-ipo-regrets-or-lack-thereof/">video interview with me in August</a>, talking about trying to bring back the company:</p>
<p><div class="video-wsj"><object width="640" height="360"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=3CA265B6-8FAE-42D3-8ECF-7C1BCC8382DB&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={3CA265B6-8FAE-42D3-8ECF-7C1BCC8382DB}&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="640" height="360" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object></p>
]]></content:encoded>
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		<title>Goodbye to Daily Deals? Groupon Emphasizes Always-On Deals.</title>
		<link>http://allthingsd.com/20121115/goodbye-to-daily-deals-groupon-emphasizes-always-on-deals/</link>
		<comments>http://allthingsd.com/20121115/goodbye-to-daily-deals-groupon-emphasizes-always-on-deals/#comments</comments>
		<pubDate>Thu, 15 Nov 2012 23:21:43 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=270124</guid>
		<description><![CDATA[Today, in New York and Chicago, consumers will start seeing a new Groupon, where offers will be browsable and searchable -- and won't disappear after a set period of time.]]></description>
				<content:encoded><![CDATA[<p>Groupon is rolling out a new deal structure and homepage redesign today that will allow consumers to search and find offers for things they are immediately interested in buying, instead of having to wait for a coupon to arrive in their in-box.</p>
<p>In an interview today, Jeff Holden, the company&#8217;s SVP of Product, explained that Groupon has mastered serendipity, but it has not always been good at giving people a place to shop for things they are already looking to buy.</p>
<p>&#8220;Groupon was the ultimate place where people would buy things that they didn&#8217;t know they were going to buy when they woke in the morning,&#8221; he said. &#8220;Our model was about talking to merchants, agreeing on a deal, then running the deal. Then it would disappear and be gone.&#8221;</p>
<p>Today, in New York and Chicago, <a href="http://www.google.com/url?q=https%3A%2F%2Fblog.groupon.com%2Fcities%2Flaunched-groupons-local-marketplace&amp;sa=D&amp;sntz=1&amp;usg=AFQjCNGb4hUQeYbArMto-BDr8xN4FDZ5gg">consumers will start seeing a new homepage</a>, where offers will be browsable and searchable &#8212; and won&#8217;t disappear. Instead, there will be a catalog of offers spanning categories such as food, spas, health, fitness, home and auto. So far, Groupon has amassed 27,000 deals in North America as part of the new direction for the company.</p>
<p>While this launch may seem like a relatively small move, it is just one aspect of the business that the company must nail if it wants to continue growing its traditional daily deals business. If Groupon is extremely successful in this endeavor, these deals will start appearing in search results on Google or Bing, much like a Yelp page or other local listings site. That does not happen today because of the temporary nature of Groupon&#8217;s current deals.</p>
<p>The evolution started about 18 months ago with the creation of Groupon Now, which got merchants to offer deals that could be used immediately. However, with the move being announced today, the Groupon Now category will go away. At first, consumers may not notice a drastic difference because they will continue getting emails, but when they visit the site, there will be a new layout. In the first image below, you&#8217;ll notice the new search bar and location field.</p>
<p><div id="attachment_270125" class="wp-caption aligncenter" style="width: 650px"><img class="size-large wp-image-270125" title="Screen Shot 2012-11-15 at 1.25.50 PM" src="http://allthingsd.com/files/2012/11/Screen-Shot-2012-11-15-at-1.25.50-PM-640x312.png" alt="" width="640" height="312" /><p class="wp-caption-text">New Groupon homepage</p></div></p>
<p>When searching for &#8220;car,&#8221; more than a dozen offers are returned for auto detailing, car washes and repairs.</p>
<p>In the old format, which still exists for most cities in the U.S., there was no search bar, and when a consumer clicked on &#8220;all deals,&#8221; they would only surface a few options &#8212; not the entire database. Holden said merchants have not been nervous about adopting this format, even though it seems like surfacing the same deals every day would eventually hurt a merchant&#8217;s brand. &#8220;They&#8217;d much rather have a unit sold through Groupon than a seat go empty,&#8221; he said. &#8220;It makes perfect economic sense. The vast majority have participated immediately, and we aren&#8217;t hearing concerns from merchants over that.&#8221; He said merchants will also have the option of capping how many times a consumer can redeem a particular offer.</p>
<p>So far, Holden says, the new format is performing well. &#8220;We are seeing a significant lift from people who experience the &#8216;pull&#8217; experience,&#8221; he said. &#8220;It will take time for people to discover it and for it to ramp up, but the immediate embracing of this shows that people were hungry for capability.&#8221;</p>
<p>For comparison, here&#8217;s a look at the Seattle homepage, which still has the old format:</p>
<p><div id="attachment_270128" class="wp-caption aligncenter" style="width: 650px"><img class="size-large wp-image-270128" title="Screen Shot 2012-11-15 at 1.26.22 PM" src="http://allthingsd.com/files/2012/11/Screen-Shot-2012-11-15-at-1.26.22-PM-640x366.png" alt="" width="640" height="366" /><p class="wp-caption-text">Old Groupon Homepage</p></div></p>
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		<title>Eight Questions for Hewlett-Packard Software Head George Kadifa</title>
		<link>http://allthingsd.com/20120925/eight-questions-for-hewlett-packard-software-head-george-kadifa/</link>
		<comments>http://allthingsd.com/20120925/eight-questions-for-hewlett-packard-software-head-george-kadifa/#comments</comments>
		<pubDate>Tue, 25 Sep 2012 14:48:17 +0000</pubDate>
		<dc:creator>Arik Hesseldahl</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=253890</guid>
		<description><![CDATA[His job is simple: Grow HP's software business. Getting it done won't be easy.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120925/eight-questions-for-hewlett-packard-software-head-george-kadifa/hp-6/" rel="attachment wp-att-253919"><img src="http://allthingsd.com/files/2012/09/HP-380x285.jpg" alt="" title="HP" width="380" height="285" class="alignright size-Featured wp-image-253919" /></a>It wasn&#8217;t so long ago that Hewlett-Packard looked like a hardware company transforming itself into a software company. Until former CEO Léo Apotheker was fired by the company&#8217;s board of directors and replaced with current CEO Meg Whitman, the official line at HP was that the way out of its troubles was to divest itself of things like PCs and invest heavily in software.</p>
<p>One expression of that strategy &#8212; and a controversial one at that &#8212; was the nearly $12 billion acquisition of the British software firm Autonomy, <a href="http://allthingsd.com/20110818/liveblogging-hps-everything-including-the-kitchen-sink-conference-call/">announced 13 months ago</a>. HP ultimately didn&#8217;t spin off its PC business, but its acquisition of Autonomy stuck. Now it is firmly part of HP&#8217;s software business.</p>
<p>As CEO Meg Whitman struggles to turn HP around, software is still a key part of her plans. While Whitman has made no secret of her opinion that Autonomy needs attention, there are some solid bits of HP&#8217;s software business &#8212; like Vertica and ArcSight &#8212; that are showing significant promise, if only they could grow. </p>
<p>Finding a way to get them growing is the job of George Kadifa. In June, <a href="http://www.hp.com/hpinfo/newsroom/press/2012/120530b.html">HP named him as executive vice president</a>, head of the company’s software business and a member of its executive council. Kadifa knows a bit about the software business. He spent seven years as a senior vice president at Oracle, and then ran his own company, Corio, for six years, until it was <a href="http://www-03.ibm.com/press/us/en/pressrelease/7487.wss">acquired by IBM for $182 million in 2005</a>. From there, he went to investment firm Silver Lake, where, as partner, he pushed portfolio companies to improve their operations.</p>
<p>Kadifa sat down with <strong>AllThingsD</strong> last week at the software unit&#8217;s new headquarters in Sunnyvale, Calif., for his first interview since joining HP. We talked about how he plans to fix its weaknesses, improve its strengths and make software a more sizable piece of HP&#8217;s overall business.</p>
<p><a href="http://allthingsd.com/20120925/eight-questions-for-hewlett-packard-software-head-george-kadifa/george_kadifa_2/" rel="attachment wp-att-254042"><img src="http://allthingsd.com/files/2012/09/george_kadifa_2-170x170.jpg" alt="" title="george_kadifa_2" width="170" height="170" class="alignright size-Speaker wp-image-254042" /></a><strong>AllThingsD: George, you joined HP to head up its software business unit in June. You&#8217;ve reached the 100-day mark, so give us your assessment of where you see things now and where they&#8217;re going.</strong></p>
<p><strong>Kadifa:</strong> A lot of good things are happening. We&#8217;re at about $4 billion in revenue, so if you look at HP Software as its own business, we&#8217;re about the fifth- or sixth-largest software business in the world. We have a great customer base; having worked at IBM and Oracle and now HP, customers really like us, versus previous experience. And we have a lot of products. A lot of them we acquired rather than built in-house. </p>
<p><strong><br />
Among the recent acquisitions, Vertica is one where the consensus seems to be that it was a pretty good deal. Where do you see Vertica going in particular, and what sets it apart?</strong></p>
<p>One is the technology, which we think is second to none. When you think about it, the idea of taking data in columns and then arranging it in a row fashion, it seems like sort of a trivial difference. But it&#8217;s really unbelievable what it gives you in terms of capabilities. Say you&#8217;re storing a thousand names, you&#8217;ve got first names and last names. Let&#8217;s say five of those guys are named Arik. Normally you&#8217;d store five Ariks in a column. But here, instead of listing the name five times, you make a note above it with a five, so you know the name occurs five times. Now when you search through that list it&#8217;s so much more efficient, it&#8217;s two or three orders of magnitude faster, which means it&#8217;s 100 to 1,000 times faster than classic relationional technology. It has turned out to be a real diamond for us.</p>
<p><strong>Yet it&#8217;s a small diamond. Yes, it&#8217;s growing, but how do you get it to grow fast enough that it becomes a more meaningful part of HP?</strong></p>
<p>It&#8217;s a fair question. What we started with was a business with revenue in the low millions. It wasn&#8217;t in the $100 million range in revenue. It was really a project with some customers. We took it, and now it&#8217;s in the middle-double-digit millions. I can see us getting to $100 million with Vertica in a very short period of time. And there&#8217;s no reason it can&#8217;t be a billion-dollar business.</p>
<p><strong>Let&#8217;s wrestle with the situation at Autonomy a little. You just <a href="http://allthingsd.com/20120907/hp-names-microsoft-exec-robert-youngjohns-to-run-autonomy/">named Robert Youngjohns</a> to run it. Unlike Vertica, the consensus here is that Autonomy was an expensive deal that hasn&#8217;t come close to meeting expectations yet. What do you see happening there?</strong></p>
<p>We just had a two-day planning meeting with everyone from Autonomy, where we went through the current status and looked at where we&#8217;re heading. The key for us right now is to get fiscal year 2013 on track, and that starts Nov. 1, so we&#8217;re working on that right now. Basically, when you look at Autonomy, the core unit is the <a href=http://www.google.com/url?sa=t&#038;rct=j&#038;q=&#038;esrc=s&#038;source=web&#038;cd=4&#038;cad=rja&#038;sqi=2&#038;ved=0CFAQFjAD&#038;url=http%3A%2F%2Fidol.autonomy.com%2F&#038;ei=PaphUJLMEei80AHcjIG4DA&#038;usg=AFQjCNGQO1SJXkdSXOcJQmajQ01qwnT8dQ>IDOL Engine</a>, which is the unique capability of meaning-based computing. We&#8217;re going to double down on that. In our labs in Cambridge, England, we have 40 or 50 mathematicians writing algorithms. And we&#8217;re going to build a team here in the U.S. to productize it and create a platform around it, because it has that potential. Frankly, the way Autonomy was managed previously, they put a lot more emphasis into enabling applications, which was fine, but our belief is that there&#8217;s a broad agenda, which is creating a platform around meaning-based computing. So we will maintain those apps, but at the same time we&#8217;ll open up the capabilities to a broader set of players outside HP.</p>
<p><strong>It sounds like what Autonomy was doing was growing by acquisitions and then creating a more vertical stack of applications prior to HP&#8217;s ownership, rather than taking a broader, more horizontal approach. It sounds to me like HP wants to make Autonomy more horizontal. Is the potential there?</strong></p>
<p>You&#8217;re correct. And, yes, the potential is there. I asked Autonomy that very question about why they went vertical instead of horizontal, and the answer that I got was that it came down to a difference of culture between the U.S. and Europe. In Europe, they tend to make things complex in order to create more value. For example, they saw the IDOL engine as too complex to just give it to people. Instead they thought they should acquire vendors and then create value by enabling applications. Here we take something that&#8217;s complex and we ask how we might simplify it in order to give it more scale for a bigger market. So, some of that difference was cultural, and some of it was that I think they fell in love with these acquisitions. &#8230; We think Autonomy&#8217;s technology has broader implications. And to reach that potential, we have to open it up as much as possible. And we&#8217;re also working with other organizations inside HP &#8212; PCs, printers, servers &#8212; to basically produce additional synergies.</p>
<p><strong>Are the teams ready and primed? Meg Whitman, your CEO, and CFO Cathie Lesjak have made no secret that, so far, they have seen Autonomy&#8217;s ability to respond to deals that had been teed up by HP as lacking. Is the structure in place to address that problem?</strong></p>
<p>It&#8217;s not in place yet, but the situation has settled down somewhat. The processes are working. The reason is that initially we kind of left Autonomy alone, and then we tossed a bunch of deals at Autonomy. The initial plan was to keep it intact, have the HP salesforce bring in deals, and everyone would be happy. One problem is that there were too many deals, and second is that the deals weren&#8217;t well-qualified. So what we did next was put in place a management process around sales cycles at Autonomy.</p>
<p><strong>There&#8217;s been a lot of turnover there. Obviously, the former <a href="http://allthingsd.com/20120523/hewlett-packard-scores-a-second-quarter-beat/">CEO, Mike Lynch, left</a>, but so did <a href="http://allthingsd.com/20120620/search-underway-at-hp-for-autonomys-next-chief/">a lot of the people</a> who worked with him. Does that hurt the institutional memory at all?</strong></p>
<p>No. Basically we lost the top half-dozen people. And you always expect that with an acquisition, especially with people who have grown up as entrepreneurs and will always be entrepreneurs. The remaining people running the products lines are still around, and so is the salesforce. The development guys in Cambridge and Chicago are still there.</p>
<p><strong>Michael Dell has basically said he intends to keep <a href="http://allthingsd.com/20120821/after-two-missed-quarters-can-dell-make-investors-happy-at-last/">growing his company by acquisition</a>. Your boss, Meg, has said that we can expect no major acquisitions for the forseeable future &#8212; at least until the balance sheet is in better shape. If there were going to be acquisitions, even small ones, I would imagine they&#8217;d more likely be in software. Is that a fair statement? </strong></p>
<p>I don&#8217;t want to say anything on Meg&#8217;s behalf. From a software point of view, if there are tuck-in acquisitions that can help us develop our technology, I&#8217;ll go and request to do it. The cash we generate from software would cover us. So that&#8217;s the thinking right now. We need to learn as a business how to grow organically because that&#8217;s where all the value is. At Silver Lake we did analysis on companies that grew by acquisition: Oracle, SAP, Microsoft, IBM, EMC and others. You find that their revenues grow and their profits grow. But what doesn&#8217;t grow, and what actually shrank from 2006 to 2011, is their multiples. Their valuations multiples shrank. What the market is saying is that just making acquisitions doesn&#8217;t add any value unless they create organic growth. That is how we look at it here. We&#8217;ve done a ton of acquisitions, so the task now is to create more organic growth because that is what the market will value.</p>
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		<title>AT&amp;T Opening Really Big Store on Chicago's Michigan Avenue</title>
		<link>http://allthingsd.com/20120829/att-opening-really-big-store-on-chicagos-michigan-avenue/</link>
		<comments>http://allthingsd.com/20120829/att-opening-really-big-store-on-chicagos-michigan-avenue/#comments</comments>
		<pubDate>Thu, 30 Aug 2012 04:01:47 +0000</pubDate>
		<dc:creator>Ina Fried</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=246395</guid>
		<description><![CDATA[The 10,000-square-foot store will feature a connected car and a mock home equipped with the company's forthcoming security and automation service.]]></description>
				<content:encoded><![CDATA[<p>AT&#038;T on Thursday is opening its largest-yet retail store, a 10,000-square-foot flagship outlet on Chicago&#8217;s Michigan Avenue.</p>
<p><a href="http://allthingsd.com/files/2012/08/ATT-chicago-flagship-store.png"><img src="http://allthingsd.com/files/2012/08/ATT-chicago-flagship-store-380x212.png" alt="" title="AT&amp;T chicago flagship store" width="380" height="212" class="alignright size-Medium380 wp-image-246399" /></a></p>
<p>The store will have some things not normailly found on its shelves, including a demo of a &#8220;connected car&#8221; &#8212; the 2012 Nissan Leaf, along with a mock home equipped with the home security and automation service the company announced earlier this year.</p>
<p>AT&#038;T will also employ biometrics, having its employees use their fingerprints to log in to PCs and open cash drawers. Sales will be completed via tablets.</p>
<p>On the customer side, an apps bar will allow people to discover programs based on their interests, along with the usual assortment of devices.</p>
<p>Now, if only it had the iPhone 5 &#8230;</p>
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		<title>Video Exclusive: Here's Groupon's Andrew Mason Talking About Daily Deals Site's Stock Smack, Future Plans and IPO Regrets (Or Lack Thereof)</title>
		<link>http://allthingsd.com/20120817/video-exclusive-heres-groupons-andrew-mason-talking-about-daily-deals-sites-stock-smack-future-plans-and-ipo-regrets-or-lack-thereof/</link>
		<comments>http://allthingsd.com/20120817/video-exclusive-heres-groupons-andrew-mason-talking-about-daily-deals-sites-stock-smack-future-plans-and-ipo-regrets-or-lack-thereof/#comments</comments>
		<pubDate>Fri, 17 Aug 2012 14:14:50 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=242517</guid>
		<description><![CDATA[The CEO of Groupon tries to explain how the daily deals site is going to make it (and how it is Amazon, and not Webvan).]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120817/video-exclusive-heres-groupons-andrew-mason-talking-about-daily-deals-sites-stock-smack-future-plans-and-ipo-regrets-or-lack-thereof/d9-20110601-133626-4324-2/" rel="attachment wp-att-242518"><img src="http://allthingsd.com/files/2012/08/d9-20110601-133626-4324-380x253.png" alt="" title="d9-20110601-133626-4324" width="380" height="253" class="alignright size-medium wp-image-242518" /></a></p>
<p>It&#8217;s not well known, but last year, before it went public, Groupon almost didn&#8217;t.</p>
<p>With pressure from former board member <a href="http://allthingsd.com/20120430/exclusive-schultz-and-efrusy-to-leave-groupon-board-accounting-types-joining/">Howard Schultz</a>, and also doubts about timing expressed to CEO Andrew Mason by outside investors such as Silicon Valley luminaries Marc Andreessen and Mary Meeker, the Chicago-based daily deals site pressed forward, anyway.</p>
<p>Since then, it has been a tough ride for Groupon and, perhaps most of all, for Mason.</p>
<p>Yesterday afternoon, I got on Skype to do a video interview with him about the continued swirl &#8212; much of it very negative &#8212; around the company he co-founded and leads. </p>
<p>&#8220;I love Groupon,&#8221; he said. &#8220;Groupon is my life.&#8221;</p>
<p>Not so much everyone else these days &#8212; who are starting to compare the company to Web 1.0 flameout Webvan and even, in the ultimate digital insult, Pets.com.</p>
<p>That&#8217;s a false comparison &#8212; those were both never profitable, and had negative cash flow, unlike the much larger Groupon.</p>
<p>Still, Groupon&#8217;s stock has been under pressure pretty much since the time of its IPO last year, with critics hammering on everything from whether its business plan is fundamentally flawed to its controversial accounting to the goofy nature of Mason himself.</p>
<p>He even got dinged for drinking a beer at a Groupon all-hands employee meeting. (I&#8217;m fine with that one, by the way.)</p>
<p>Groupon <a href="http://allthingsd.com/20120813/why-groupons-shares-fell-20-percent-even-though-profits-are-up/">shares hit a new low last week</a>, after it reported second-quarter earnings that showed better profits, but a revenue miss. Growth prospects in its core coupon business, or lack thereof, was pointed to by Wall Street investors for the continued sell-off.</p>
<p>One bright spot was its nine-month-old Groupon Goods, which sells a variety of products and which has grown to $200 million in annualized revenue. But the lower-margin offering makes up a smaller part of the company&#8217;s overall results, as does its impressive improvements in <a href="http://allthingsd.com/20120815/what-does-it-mean-if-groupon-is-indeed-the-largest-mobile-commerce-company/">mobile commerce</a>.</p>
<p>These two positive developments have failed to impress, though, with the stock at even lower lows today &#8212; at $4.74 a share. That&#8217;s down 82 percent since Groupon went public, making the company worth $3 billion, or about half of what Google had once offered to buy it, and a little more than double its cash on hand.</p>
<p>In other words, it is crunch time for Mason, who must answer to shareholders, employees and his board, and must somehow get Groupon to a better place, and fast.</p>
<p>Among the myriad of risks for him as he does: Everything from new management to the sale of Groupon.</p>
<p>That is not in the cards right now, of course. And, as usual, the affable exec talks with confidence about the company.</p>
<p>To his credit, in this long interview, he is also pretty candid about the struggle.</p>
<p>It&#8217;s well worth a watch (except for me looking like I just got off a red-eye flight, which I did).</p>
<p>Here&#8217;s Mason:</p>
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		<title>Before Q2 Earnings, Groupon Book Author Sennett and Former COO Solomon Talk About About Daily Deals Site (Video)</title>
		<link>http://allthingsd.com/20120813/before-q2-earnings-groupon-book-author-sennett-and-former-coo-solomon-talk-about-about-daily-deals-site-video/</link>
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		<pubDate>Mon, 13 Aug 2012 17:17:00 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=240547</guid>
		<description><![CDATA["Groupon's Biggest Deal Ever: The Inside Story of How One Insane Gamble, Tons of Unbelievable Hype, and Millions of Wild Deals Made Billions for One Ballsy Joker" is the book title.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120813/before-q2-earnings-groupon-book-author-sennett-and-former-coo-solomon-talk-about-about-daily-deals-site-video/attachment/9781250000842/" rel="attachment wp-att-240548"><img src="http://allthingsd.com/files/2012/08/9781250000842-188x285.jpeg" alt="" title="9781250000842" width="188" height="285" class="alignright size-medium wp-image-240548" /></a></p>
<p>With a title like this &#8212; &#8220;Groupon&#8217;s Biggest Deal Ever: The Inside Story of How One Insane Gamble, Tons of Unbelievable Hype, and Millions of Wild Deals Made Billions for One Ballsy Joker&#8221; &#8212; it&#8217;s pretty easy to imagine that Frank Sennett&#8217;s book on the formation of Groupon chronicles a pretty wild ride.</p>
<p>And indeed it has been a wild ride for the Chicago-based daily deals site, as depicted in innumerable media accounts and also in Frank Sennett&#8217;s book on the juicy subject.</p>
<p>Today, Groupon will <a href="http://allthingsd.com/20120812/its-been-a-relatively-mellow-quarter-for-groupon-will-earnings-surprise/">report its second-quarter earnings</a>, which Wall Street investors are expecting will finally be better than the company has performed since its IPO.</p>
<p>In fact, its shares rebounded last week by 13 percent, to close Friday at $7.44, although the stock is still down 70 percent since Groupon went public last November.</p>
<p>I did a video interview with Sennett, who brought along former <a href="http://allthingsd.com/20110322/exclusive-groupon-president-rob-solomon-steps-down/">Groupon President and COO Rob Solomon</a>, to talk about where the company has been and where it might be going.</p>
<p>Here&#8217;s the chat:</p>
<p><div class="video-wsj"><object width="640" height="360"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=D4054AA0-50F3-4F01-B63C-D3517EC490DE&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={D4054AA0-50F3-4F01-B63C-D3517EC490DE}&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="640" height="360" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object></p>
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		<title>Do You Have a Reservation?</title>
		<link>http://allthingsd.com/20120713/do-you-have-a-reservation/</link>
		<comments>http://allthingsd.com/20120713/do-you-have-a-reservation/#comments</comments>
		<pubDate>Fri, 13 Jul 2012 08:19:35 +0000</pubDate>
		<dc:creator>Voices</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=229818</guid>
		<description><![CDATA[I didn’t realize how hard it was to run a small business. &#8211; Andrew Mason, speaking to Lauren Etter and Douglas MacMillan of Businessweek about his gig as a maitre d’ in a Chicago restaurant]]></description>
				<content:encoded><![CDATA[<blockquote><p>I didn’t realize how hard it was to run a small business.</p></blockquote>
<p class="attribution">&#8211; <a href="http://www.businessweek.com/articles/2012-07-12/the-education-of-groupon-ceo-andrew-mason">Andrew Mason</a>, speaking to Lauren Etter and Douglas MacMillan of Businessweek about his gig as a maitre d’ in a Chicago restaurant</p>
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		<title>Confirmed: Schultz and Efrusy to Leave Groupon Board; "Accounting Types" Joining</title>
		<link>http://allthingsd.com/20120430/exclusive-schultz-and-efrusy-to-leave-groupon-board-accounting-types-joining/</link>
		<comments>http://allthingsd.com/20120430/exclusive-schultz-and-efrusy-to-leave-groupon-board-accounting-types-joining/#comments</comments>
		<pubDate>Mon, 30 Apr 2012 19:40:37 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Commerce]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=201483</guid>
		<description><![CDATA[Will a shake-up of the board of the daily deals company help its prospects?]]></description>
				<content:encoded><![CDATA[<p><div id="attachment_201512" class="wp-caption align right" style="width: 390px"><img src="http://allthingsd.com/files/2012/04/shultz380.jpg" alt="" title="Howard Schultz headshot" width="380" height="285" class="size-full wp-image-201512" /><span class="media-attribution">Spencer Platt | Getty Images News</span><p class="wp-caption-text"> </p></div></p>
<p>According to sources close to the situation, Starbucks Chairman and CEO Howard Schultz and Accel Partners&#8217; Kevin Efrusy will be stepping down from the board of Groupon.</p>
<p>Schultz&#8217;s departure will be effective today, but Efrusy &#8212; who was critical to the initial funding around the Chicago-based daily deals site &#8212; will not be standing for re-election at the company&#8217;s annual meeting in June. </p>
<p>The departures are voluntary, but sources said the pair will be replaced by two new directors with significantly more fiscal oversight experience, whom one source characterized as &#8220;accounting types.&#8221;</p>
<p>(<strong>Update</strong>: Groupon just posted a press release noting the board departures, with the names of the new board pencil pushers: Daniel Henry, CFO of American Express, and Deloitte Vice Chairman Robert Bass. Henry joins immediately in Schultz&#8217;s place. Full press release below.)</p>
<p>It is a move that is critical, given Groupon&#8217;s recent series of missteps around its financial reporting that have hurt both its <a href="http://allthingsd.com/20120421/as-stock-continues-to-dive-can-groupon-regain-investor-confidence/">reputation and, more importantly, its stock</a>.</p>
<p>Interestingly, several sources noted that Schultz almost left the board right before Groupon&#8217;s public offering last fall, after several ongoing disputes with its management, but stayed on so as not to scuttle its IPO.</p>
<p>The board of the company has not involved itself as prominently in the accounting messes at the company, but it appears as if they will begin to now.</p>
<p>It must, given Groupon shares have been trading at a low of $11. Its stock has dipped to $10.98 today.</p>
<p>As Tricia Duryee wrote recently about the fall:</p>
<blockquote class="memo"><p>At that price, it is now worth just over $7 billion, down 57 percent since the company went public last November and well off the more than $10 billion it was valued at as <a href="http://allthingsd.com/20111021/groupon-to-raise-up-to-540-million-at-11-4-billion-valuation/">tech&#8217;s hottest start-up of 2011</a>.</p></blockquote>
<p>Ironically, Groupon&#8217;s current market valuation is actually not much more than the <a href="http://allthingsd.com/20101129/googles-groupon-offer-5-3-billion-with-700-million-earnout/">$6 billion offered</a> for it by search giant Google in late 2010.</p>
<p>The fall of Groupon has been swift, from the honorific of being the fastest-growing company ever to one that cannot keep control of that runaway growth.</p>
<p>That&#8217;s perhaps no surprise.</p>
<p>Perhaps most significantly, Groupon went public in just four years, delivering the biggest tech IPO since Google.</p>
<p>The quicksilver move was typical for it. In just two years&#8217; time, the company ballooned from 37 employees to 9,625 and from serving five markets in the U.S. to 175 in North America alone. And that&#8217;s leaving out massive expansion abroad. In the past year, Groupon has acquired roughly 17 companies, including many international copycats.</p>
<p>The company also has entered many new segments, expanding from selling lower-priced and simpler deals on restaurants and spas to more complex and pricey arenas, including travel, physical goods and luxury items.</p>
<p>But Groupon is now learning that its original business does not work across just any segment, especially to more discerning customers of its higher-level and more expensive offerings.</p>
<p>In fact, it was those newer and potentially more lucrative markets that forced the company recently to revise the company&#8217;s fourth-quarter report <a href="http://allthingsd.com/20120330/groupon-restates-earnings-after-seeing-a-spike-in-holiday-returns/">after returns skyrocketed</a> on luxury items, such as Lasik eye surgery.</p>
<p>The problems forced Groupon to lower revenue in the period by $14.3 million and net income by $22.6 million. It is now reporting a wider net loss of $64.9 million on revenue of $492 million, pushing it further away from its goal of profitability.</p>
<p>The company also disclosed at the time that independent auditors had noted &#8220;material weakness&#8221; in its financial controls. In addition, <a href="http://online.wsj.com/article/SB10001424052702303816504577319870715221322.html"> The Wall Street Journal reported</a> that the Securities and Exchange Commission was examining Groupon&#8217;s revision. </p>
<p>With many companies, investors might have shrugged off such accounting issues, but the impact on the stock has been greater since they are only the latest in a string of similar mistakes at Groupon. </p>
<p>In its pre-IPO period, for example, Groupon was forced to restate revenues after counting both its portion of the revenue and the revenue that goes to the merchant together. It also had to dump a controversial accounting metric that made the company look more profitable than it was, because it did not include important costs, such as critical online marketing expenses to attract new customers.</p>
<p>Those came after the company retracted a statement by Eric Lefkofsky, Groupon&#8217;s co-founder and executive chairman, who told Bloomberg in an interview that Groupon would be &#8220;wildly profitable.&#8221;</p>
<p>At least the wild part was accurate.</p>
<p>Much of the blame for these missteps by Wall Street is being aimed at CEO and co-founder Andrew Mason, the iconoclastic 31-year-old entrepreneur who is largely responsible for defining the company&#8217;s culture, as well as Jason Child and Joe Del Preto, the chief financial and accounting officers, respectively.</p>
<p>Child joined the company in December 2010, coming from Amazon, where he held several roles over a 10-year period &#8212; including VP of finance, international, and director of investors relations. Prior to joining Amazon, he worked at Arthur Andersen as a certified public accountant.</p>
<p>Del Preto has been Groupon&#8217;s chief accounting officer for the past year and, before that, he was the company&#8217;s global controller for three months. Before Groupon, he was controller and VP of finance at Echo Global Logistics and also served as controller at InnerWorkings, the same company where Mason was a computer programmer in his early career.</p>
<p>Mason, of course, is the best known and the person most responsible for establishing the company&#8217;s whimsical culture and managing &#8212; or mismanaging, depending on how you look at it &#8212; Groupon&#8217;s hard-charging growth.</p>
<p>It will also be up to him to turn it all around, as the company sinks in both value and investor regard. Since the restatement, Mason has said little about how he intends to do that. In February, when Mason concluded Groupon&#8217;s first-ever earnings call, he said: &#8220;Thanks, guys, this was a lot of fun, and I look forward to many more of these.&#8221;</p>
<p>It&#8217;s not clear fun will be on the agenda at his next outing on Groupon&#8217;s first-quarter call in mid-May.</p>
<p>Here is the official press release from Groupon on the board changes:</p>
<blockquote class="memo"><p>Groupon Appoints Two Directors to Board Daniel Henry, CFO of American Express, and Robert Bass, Vice Chair of Deloitte</p>
<p>CHICAGO &#8212; (BUSINESS WIRE) &#8212; Groupon, Inc (http://www.groupon.com) (NASDAQ:GRPN) today announced that Daniel Henry, the chief financial officer of American Express Company and Robert Bass, a vice chairman of Deloitte LLP will join its Board of Directors. Both will serve on the Audit Committee with Audit Chair, Ted Leonsis. Daniel Henry was appointed to the Board on April 26, replacing Howard Schultz, who has stepped down from the Board. Robert Bass will stand for election at the annual stockholder meeting to be held on June 19 following his retirement from Deloitte, replacing Kevin Efrusy, who will not stand for reelection at that time. &#8220;With their deep financial, accounting and operational experience, Dan and Bob will provide invaluable expertise to the Board going forward,&#8221; said Eric Lefkofsky, Groupon Chairman.</p>
<p>Daniel Henry, 62, has been the Chief Financial Officer of American Express Company since October 2007. Henry is responsible for leading American Express Company&#8217;s finance organization and representing American Express to investors, lenders and rating agencies. He has also served as Executive Vice President and Chief Financial Officer of U.S. Consumer, Small Business and Merchant Services and joined American Express as Comptroller in 1990. Prior to joining American Express, Henry was a partner with Ernst &#038; Young.</p>
<p>Robert Bass, 62, has been a vice chairman of Deloitte LLP since 2006, and a partner in Deloitte since 1982. He will retire from Deloitte on June 2, 2012. Bass has specialized in e-commerce, mergers and acquisitions and SEC filings. At Deloitte, Bass is responsible for all services provided to Forstmann Little and its portfolio companies and is the advisory partner for Blackstone, DIRECTV, McKesson, IMG and CSC. He has also previously been the advisory partner for priceline.com, RR Donnelley, Automatic Data Processing, Community Health Systems and Avis Budget. He is a member of the American Institute of Certified Public Accountants and the New York and Connecticut State Societies of Certified Public Accountants.</p>
<p>&#8220;I&#8217;m thrilled to have been a part of Groupon&#8217;s development,&#8221; said Kevin Efrusy. &#8220;The Company is well on its way to becoming the operating system for all local commerce.&#8221;</p>
<p>&#8220;Howard and Kevin helped guide us on our journey to becoming a public company and I want to thank them and acknowledge their contributions,&#8221; said Groupon CEO Andrew Mason.</p>
<p>&#8220;During my tenure on the Board, I was impressed by the game-changing opportunities that Groupon has delivered for both merchants and customers on a global scale,&#8221; said Howard Schultz. &#8220;Groupon has a strong sense of mission and purpose, and as I move on to focus on my other time commitments, I wish them the very best.&#8221;</p></blockquote>
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		<title>"Goofy" CEO Andrew Mason on "60 Minutes" This Week</title>
		<link>http://allthingsd.com/20120112/goofy-ceo-andrew-mason-on-60-minutes-this-week/</link>
		<comments>http://allthingsd.com/20120112/goofy-ceo-andrew-mason-on-60-minutes-this-week/#comments</comments>
		<pubDate>Thu, 12 Jan 2012 17:58:32 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Commerce]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=163273</guid>
		<description><![CDATA[Guess who's back? Back again. Guess who's back? Tell a friend.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120112/goofy-ceo-andrew-mason-on-60-minutes-this-week/groupon-2-2/" rel="attachment wp-att-163274"><img src="http://allthingsd.com/files/2012/01/groupon-2-281x285.png" alt="" title="groupon-2" width="281" height="285" class="alignright size-medium wp-image-163274" /></a></p>
<p>Of <em>course</em>, this infamous kooky cat-on-his-head photo from a Vanity Fair magazine shoot made it into an upcoming profile of Groupon CEO Andrew Mason. Lesley Stahl of &#8220;60 Minutes&#8221; has done a piece on the Chicago-based social buying phenom, set to air this Sunday.</p>
<p>And, naturally, Stahl trots out the &#8220;goofy&#8221; description of Mason.</p>
<p>In addition, said the preview caption for the CBS television news show: &#8220;Groupon&#8217;s Andrew Mason says he may not be as smart, mature or experienced as other CEOs, but being company founder is his edge.&#8221;</p>
<p>Dumber, juvenile and just-arrived &#8212; but I created this three-ring circus with my own two hands? Sounds good to me!</p>
<p>Here is a preview of the Stahl-Mason segment, as well as my own wacky interview with Mason from last year&#8217;s <strong>D: All Things Digital</strong> conference:</p>
<p><embed src="http://cnettv.cnet.com/av/video/cbsnews/atlantis2/cbsnews_player_embed.swf" scale="noscale" salign="lt" type="application/x-shockwave-flash" background="#333333" width="425" height="279" allowFullScreen="true" allowScriptAccess="always" FlashVars="si=254&#038;&#038;contentValue=50118120&#038;shareUrl=http://www.cbsnews.com/video/watch/?id=7394765n" /></p>
<p><div class="video-wsj"><object width="640" height="360"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=95F179BE-4E04-4898-A6BF-A3EB83767517&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={95F179BE-4E04-4898-A6BF-A3EB83767517}&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="640" height="360" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object></p>
<p>(Photo credit: Martin Schoeller, exclusively for <a href="http://VF.com">Vanity Fair</a>)</p>
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		<title>One Final Freaky Holiday Video: T-Mobile Mashes Up "Glee" and "Pretty in Pink"</title>
		<link>http://allthingsd.com/20120102/one-final-freaky-holiday-video-t-mobile-mashes-up-glee-and-pretty-in-pink/</link>
		<comments>http://allthingsd.com/20120102/one-final-freaky-holiday-video-t-mobile-mashes-up-glee-and-pretty-in-pink/#comments</comments>
		<pubDate>Mon, 02 Jan 2012 22:17:19 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Alfonso Gomez-Rejon]]></category>
		<category><![CDATA[Alvin and the Chipmunks: Chipwrecked]]></category>
		<category><![CDATA[AT&T]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[flash-mob]]></category>
		<category><![CDATA[Glee]]></category>
		<category><![CDATA[Home for the Holidays]]></category>
		<category><![CDATA[mash-up]]></category>
		<category><![CDATA[Pretty in Pink]]></category>
		<category><![CDATA[T-Mobile]]></category>
		<category><![CDATA[takeover]]></category>
		<category><![CDATA[video]]></category>
		<category><![CDATA[Woodfield Mall]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=158980</guid>
		<description><![CDATA[And it is actually quite pretty and has garnered over four million views on YouTube.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120102/one-final-freaky-holiday-video-t-mobile-mashes-up-glee-and-pretty-in-pink/t-mobile-home-for-the-holidays5/" rel="attachment wp-att-158984"><img src="http://allthingsd.com/files/2012/01/t-mobile-home-for-the-holidays5-380x221.png" alt="" title="t mobile home for the holidays[5]" width="380" height="221" class="alignright size-medium wp-image-158984" /></a></p>
<p>I really can&#8217;t say if I like this video or I am completely freaked out by it.</p>
<p>T-Mobile, which <a href="http://allthingsd.com/20111219/breaking-att-dropping-its-t-mobile-bid/"><em>didn&#8217;t</em> get sold to AT&#038;T</a>, hired Hollywood director Alfonso Gomez-Rejon and &#8220;surprised&#8221; shoppers at the Chicago area&#8217;s Woodfield Mall with a flash-mob performance of &#8220;(There&#8217;s No Place Like) Home For The Holidays.&#8221;</p>
<p>It&#8217;s like the gals from television&#8217;s &#8220;Glee&#8221; cloned themselves and went wild, while stealing a 1980s look from the classic teen movie &#8220;Pretty in Pink.&#8221;</p>
<p>Except even stranger and up to more than four million views on YouTube. </p>
<p>Now, who knows what the mobile carrier will do next with all those billions from the scotched takeover deal? An unholy combo of HBO&#8217;s &#8220;Boardwalk Empire&#8221; with the even more grating kid&#8217;s film I barely endured, &#8220;Alvin and the Chipmunks: Chipwrecked&#8221;?</p>
<p>Until we find out, enjoy, and then please get back to work tomorrow, everyone:</p>
<p><iframe width="640" height="360" src="http://www.youtube.com/embed/vcmfCXwAFs4?rel=0" frameborder="0" allowfullscreen></iframe></p>
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		<title>AT&amp;T Looks to Dial Up New Ideas at Chicago-Area Concept Store</title>
		<link>http://allthingsd.com/20111116/att-looks-to-dial-up-new-ideas-at-chicago-area-concept-store/</link>
		<comments>http://allthingsd.com/20111116/att-looks-to-dial-up-new-ideas-at-chicago-area-concept-store/#comments</comments>
		<pubDate>Thu, 17 Nov 2011 05:45:59 +0000</pubDate>
		<dc:creator>Ina Fried</dc:creator>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Arlington Heights]]></category>
		<category><![CDATA[AT&T]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[iPad]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[retail]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=144962</guid>
		<description><![CDATA[Giant touchscreens, in-store support staff and lots of open spaces are among the ideas AT&#038;T is trying out at a new 10,000-square-foot retail testbed.]]></description>
				<content:encoded><![CDATA[<p><img src="http://allthingsd.com/files/2011/11/ATT-store-interior-640x405.png" alt="" title="AT&amp;T store interior" width="640" height="405" class="alignright size-Hero wp-image-144964" /></p>
<p>With 2,300 stores, AT&#038;T is already one of the largest retailers in the United States.</p>
<p>Now it wants to be one a better one.</p>
<p>As part of that effort, the company has spent months studying some of the most successful names in the customer service business and coming up with new ideas on how to better sell and support cellphones, Internet service and other products.</p>
<p><img src="http://allthingsd.com/files/2011/11/ATT-store-interactive-wall-380x253.png" alt="" title="AT&amp;T store interactive wall" width="380" height="253" class="alignright size-Medium380 wp-image-145019" /></p>
<p>To test out the ideas, the company on Saturday is opening a new concept retail store in suburban Chicago. At more than 10,000 square feet, the store is twice as large as the company&#8217;s typical locations and sports, among other things, two giant interactive touchscreen walls.</p>
<p>&#8220;We really do see our retail stores as an opportunity to differentiate the AT&#038;T experience,&#8221; AT&#038;T retail president Paul Roth told <strong>AllThingsD</strong>. The store is one of two concept stores, though the other, inside AT&#038;T&#8217;s headquarters in Atlanta, is only open to employees.</p>
<p>One of the big things AT&#038;T has done is get rid of an entire row of cash register terminals that both took up a lot of space and put a computer monitor between AT&#038;T&#8217;s staff and its cutstomers. Instead, AT&#038;T will use a combination of iPads and iPhones to handle some of the store&#8217;s transactions.</p>
<p>With all the carriers running faster networks and more phones resembling powerful but similar-looking blocks of glass, Roth said that the retail experience could well be the key differentiator for carriers looking to stand out from one another. (That said, I&#8217;m sure if I talked to the head of networks they would say the networks are the difference maker, while the head of devices would point to the company&#8217;s product lineup.)</p>
<p>AT&#038;T is also looking for a home for the many new kinds of devices that are selling with either short-range wireless technologies or a built-in cellular modem. The company already sells products such as Jawbone&#8217;s Jambox. By early next year, Roth said, an entire section of the concept store will be devoted to showing such &#8220;emerging devices&#8221; in action.</p>
<p>The store has wide glass windows, designed to show off what is inside the store, rather than a bunch of posters touting the latest promotions.</p>
<p>&#8220;You wont see us plaster the windows like a Nascar, which I’ve done before,&#8221; Roth said.</p>
<p>And, as much as Roth is trying to show off lots of new technology, a key design goal of the stores is to have lots of open area. Roth took that notion so far that the company&#8217;s financial chief questioned the decision and worried that the company was wasting space. Roth explained that the open layout was designed to appeal to women, who typically spend more time weighing their purchases in the store.</p>
<p>&#8220;We still have a grab-and-go capability for the Neanderthal male customers,&#8221; Roth joked.</p>
<p>Other features in the store include barstool-style seats and tables to try out the latest devices and services as well as a spot to get in-store support for devices and software.</p>
<p>&#8220;The name &#8216;Genius Bar&#8217; was already taken, but that’s what it is,” Roth said.</p>
<p>Roth knows that not all of the ideas in Arlington Heights will succeed, but the goal is to quickly find out how well they resonate.</p>
<p>&#8220;Everything in this store is designed to scale or fail,&#8221; he said. For example, a couple years back, AT&#038;T tried installing Microsoft&#8217;s pricey surface tabletop computers. &#8220;We thought they were really cool, but consumers didn’t think they were that cool,&#8221; Roth said.</p>
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		<title>Exclusive: Groupon Prices at $20 a Share; More Than 10x Oversubscribed, So It Adds 5M More Shares</title>
		<link>http://allthingsd.com/20111103/breaking-groupon-prices-at-20-a-share-more-than-10x-oversubscribed-so-it-adds-5m-more-shares/</link>
		<comments>http://allthingsd.com/20111103/breaking-groupon-prices-at-20-a-share-more-than-10x-oversubscribed-so-it-adds-5m-more-shares/#comments</comments>
		<pubDate>Thu, 03 Nov 2011 22:51:26 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[Andrew Mason]]></category>
		<category><![CDATA[buying]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[critic]]></category>
		<category><![CDATA[criticism]]></category>
		<category><![CDATA[daily deals]]></category>
		<category><![CDATA[demand]]></category>
		<category><![CDATA[discounted]]></category>
		<category><![CDATA[Float]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[Illinois]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[IPO]]></category>
		<category><![CDATA[issue]]></category>
		<category><![CDATA[merchant]]></category>
		<category><![CDATA[oversubscribed]]></category>
		<category><![CDATA[price]]></category>
		<category><![CDATA[private]]></category>
		<category><![CDATA[process]]></category>
		<category><![CDATA[public offering]]></category>
		<category><![CDATA[range]]></category>
		<category><![CDATA[service]]></category>
		<category><![CDATA[shareholder]]></category>
		<category><![CDATA[shares]]></category>
		<category><![CDATA[short seller]]></category>
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		<category><![CDATA[turmoil]]></category>
		<category><![CDATA[valuation]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=140349</guid>
		<description><![CDATA[Despite all the controversy and criticism, the daily deals site is not going out into the public markets at a discount.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111103/breaking-groupon-prices-at-20-a-share-more-than-10x-oversubscribed-so-it-adds-5m-more-shares/lolcat_money/" rel="attachment wp-att-140363"><img src="http://allthingsd.com/files/2011/11/lolcat_money-380x285.png" alt="" title="lolcat_money" width="380" height="285" class="alignright size-medium wp-image-140363" /></a></p>
<p>Groupon has priced its public offering at $20 a share, several dollars above the expected price range of $16 to $18. That will garner $700 million for the start-up, which is only several years old, at a valuation of close to $13 billion.</p>
<p>The offering for the Chicago-based daily deals site &#8212; which has had a controversial IPO process &#8212; was well upwards of 10 times oversubscribed, meaning there was a lot more demand than supply of its stock.</p>
<p>To alleviate the difference, Groupon has apparently added five million more shares to its offering, totaling 35 million shares sold. </p>
<p>Groupon has endured an unusual amount of criticism over a variety of issues &#8212; including accounting treatments, executive turmoil and growth prospects. But investors did not seem to mind all the noise and clamored to get into a possibly lucrative IPO.</p>
<p>The relatively small float of shares &#8212; about six percent of total &#8212; and that intense interest allowed Groupon to cherry pick its new shareholders.</p>
<p>It will be interesting to see if, as it endured loud critics when it was private, if short sellers will pile onto the social buying company now that it is public.</p>
<p>Executives from Groupon, including its CEO Andrew Mason (who has seemed to have gotten a nice haircut and suit for occasion), have been hawking the company &#8212; which sells an assortment of discounted services from a variety of local merchants &#8212; to investors all over the country over the last several weeks. </p>
<p>The company is <a href="http://allthingsd.com/20111102/groupon-set-to-price-its-ipo-tomorrow-go-public-friday/">set to go public tomorrow</a> under the GRPN ticker on the NASDAQ.</p>
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		<title>Siri Co-Founder Kittlaus Departs From Apple</title>
		<link>http://allthingsd.com/20111023/exclusive-siri-co-founder-kittlaus-departs-from-apple/</link>
		<comments>http://allthingsd.com/20111023/exclusive-siri-co-founder-kittlaus-departs-from-apple/#comments</comments>
		<pubDate>Mon, 24 Oct 2011 06:17:12 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Conferences]]></category>
		<category><![CDATA[D]]></category>
		<category><![CDATA[D7]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[control]]></category>
		<category><![CDATA[Dag Kittlaus]]></category>
		<category><![CDATA[entreprenerial]]></category>
		<category><![CDATA[entrepreneur in residence]]></category>
		<category><![CDATA[feature]]></category>
		<category><![CDATA[Industry Moves]]></category>
		<category><![CDATA[iPhone 4S]]></category>
		<category><![CDATA[Motorola]]></category>
		<category><![CDATA[Norwegian]]></category>
		<category><![CDATA[PR]]></category>
		<category><![CDATA[recognition]]></category>
		<category><![CDATA[Siri]]></category>
		<category><![CDATA[speech]]></category>
		<category><![CDATA[Stanford Research Institute]]></category>
		<category><![CDATA[voice]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=135997</guid>
		<description><![CDATA[Siri, is it true that one of your creators left the building at Apple? Yes, sigh, Dag.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111023/exclusive-siri-co-founder-kittlaus-departs-from-apple/dag-kittlaus/" rel="attachment wp-att-135998"><img src="http://allthingsd.com/files/2011/10/dag-kittlaus-380x285.png" alt="" title="dag-kittlaus" width="380" height="285" class="alignright size-medium wp-image-135998" /></a></p>
<p>Dag Kittlaus &#8212; the co-founder and CEO of the company that created the Siri voice control feature, which Apple launched to <a href="http://allthingsd.com/20111011/the-iphone-finds-its-voice/">much acclaim</a> recently &#8212; has left the company, according to sources.</p>
<p>There were several reasons for the departure, which was amicable and has been planned for a while, sources said. They included Kittlaus&#8217;s family being in Chicago, a desire to take time off and an interest in brainstorming new entrepreneurial ideas.</p>
<p>Kittlaus has led the speech recognition efforts for Apple since <a href="http://allthingsd.com/20100428/apple-snags-siri/">Apple bought Siri in April of 2010</a>. He had been Siri&#8217;s CEO since 2007. Before that, the Norwegian-born Kittlaus was an Entrepreneur in Residence at the Stanford Research Institute and had also worked at Motorola.</p>
<p>Kittlaus apparently left just after the launch of the iPhone 4S, in which Siri&#8217;s speech recognition technology was the highlight, but sources said other key execs from Siri are expected to remain at Apple.</p>
<p>I have queried Apple PR and am waiting for a response.</p>
<p>Here is a <a href="http://allthingsd.com/20090528/d7-video-highlights-ceo-dag-kittlaus-of-siri/">video of Kittlaus demoing Siri</a> at the seventh <strong>D: All Things Digital</strong> conference in 2009:</p>
<p><div class="video-wsj"><object width="640" height="360"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=21E0247F-24A3-4872-9F37-4F683BE36779&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={21E0247F-24A3-4872-9F37-4F683BE36779}&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="640" height="360" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object></p>
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		<title>Exclusive: Groupon's IPO Road Show Set for Next Week</title>
		<link>http://allthingsd.com/20111018/exclusive-groupons-ipo-road-show-set-for-next-week/</link>
		<comments>http://allthingsd.com/20111018/exclusive-groupons-ipo-road-show-set-for-next-week/#comments</comments>
		<pubDate>Tue, 18 Oct 2011 21:37:43 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[accointing]]></category>
		<category><![CDATA[Andrew Mason]]></category>
		<category><![CDATA[banker]]></category>
		<category><![CDATA[buyig]]></category>
		<category><![CDATA[candidate]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[controversial]]></category>
		<category><![CDATA[daily deals]]></category>
		<category><![CDATA[employee]]></category>
		<category><![CDATA[Exchange]]></category>
		<category><![CDATA[filing]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[investor]]></category>
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		<category><![CDATA[management]]></category>
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		<category><![CDATA[Nasdaq]]></category>
		<category><![CDATA[New York Times]]></category>
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		<category><![CDATA[regulatory]]></category>
		<category><![CDATA[revenue]]></category>
		<category><![CDATA[road show]]></category>
		<category><![CDATA[S-1]]></category>
		<category><![CDATA[service]]></category>
		<category><![CDATA[shareholder]]></category>
		<category><![CDATA[statement]]></category>
		<category><![CDATA[stock]]></category>
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		<category><![CDATA[valuation]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=133584</guid>
		<description><![CDATA[Oh, it's on.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111018/exclusive-groupons-ipo-road-show-set-for-next-week/damn_the_torpedoes/" rel="attachment wp-att-133595"><img src="http://allthingsd.com/files/2011/10/damn_the_torpedoes-372x285.png" alt="" title="damn_the_torpedoes" width="372" height="285" class="alignright size-medium wp-image-133595" /></a></p>
<p>According to multiple sources close to the situation, Groupon plans to conduct its road show for investors next week, starting either on Monday or Tuesday.</p>
<p>While the decision to move forward could still change, it comes amid <a href="http://allthingsd.com/20110927/the-groupon-conundrum-the-ipo-goes-on-but-when-will-the-drama-stop/">continued criticism</a> of the Chicago-based daily deals company, which has had one of the rougher IPO processes for an Internet company in recent memory.</p>
<p>Just yesterday, the <a href="http://dealbook.nytimes.com/2011/10/17/the-missed-red-flags-on-groupon/">New York Times</a> took aim at Groupon and its Wall Street bankers, retreading over the same list of issues, including controversial accounting, a too-large payout to its founders and issues around its marketing costs.</p>
<p>In addition, the social buying service has had some management turnover, with two COOs departing.</p>
<p>Lastly, it has <a href="http://allthingsd.com/20110923/more-groupon-amends-its-s-1-ipo-filing-again-over-accounting-issues/">amended its S-1 filing several times</a>, for a variety of reasons, including an email to employees by its CEO Andrew Mason that struck regulatory agencies as a bit blabby.</p>
<p>That said, the initiation of the road show &#8212; where company execs will pitch its business to possible shareholders &#8212; might be an indication that Groupon&#8217;s results have improved in its recent quarter.</p>
<p>In the last quarter, the company lost $102.7 million on revenue of $878 million.</p>
<p>Also of concern is the stock market itself. Groupon, like several Web IPO candidates, had delayed its offering due to turbulent conditions.</p>
<p>Now, sources said, the company will go public on the Nasdaq exchange soon after the road show is complete and after pricing by its bankers.</p>
<p>That valuation will also be under scrutiny. Some had previously estimated that Groupon would have an IPO of up to $25 billion. Now it could be half that, sources said.</p>
<p>Well, we will presumably soon see, as Groupon plans to proceed.</p>
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		<title>Groupon's Third (And Quieter) Co-Founder Brad Keywell Talks About Chicago Ideas Week (Video)</title>
		<link>http://allthingsd.com/20111013/groupons-third-and-quieter-co-founder-brad-keywell-talks-about-chicago-ideas-week-video/</link>
		<comments>http://allthingsd.com/20111013/groupons-third-and-quieter-co-founder-brad-keywell-talks-about-chicago-ideas-week-video/#comments</comments>
		<pubDate>Thu, 13 Oct 2011 21:00:24 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Andrew Mason]]></category>
		<category><![CDATA[Brad Keywell]]></category>
		<category><![CDATA[buying]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[Chicago Ideas Week]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=132030</guid>
		<description><![CDATA[Never heard of Chicago's Brad Keywell? No longer!]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111013/groupons-third-and-quieter-co-founder-brad-keywell-talks-about-chicago-ideas-week-video/img_0350/" rel="attachment wp-att-132031"><img src="http://allthingsd.com/files/2011/10/IMG_0350-380x283.jpg" alt="" title="IMG_0350" width="380" height="283" class="alignright size-medium wp-image-132031" /></a></p>
<p>I was in the Windy City earlier this week to appear at a panel on the future of news for a newly-born citywide event called Chicago Ideas Week, which is the brainchild of Brad Keywell.</p>
<p>Never heard of Keywell? That&#8217;s perhaps because he is the third founder of Groupon and &#8212; <em>kudos to him!</em> &#8212; the one who has not made some <em>oh-no-he-didn&#8217;t</em> controversial statement during the daily deal start-up&#8217;s ongoing rocky IPO process that has landed it in hot water with regulators.</p>
<p>That would be Keywell&#8217;s other founders, CEO Andrew Mason and Chairman Eric Lefkofsky, with whom Keywell built Groupon into the powerhouse social buying site it has become.</p>
<p>While on the Groupon board, Keywell plays a less prominent role there than the other two. He is busy at his and Lefkofsky&#8217;s investment firm, Lightbank, as well as engaged in a lot of civic efforts. </p>
<p><a href="http://allthingsd.com/20111013/groupons-third-and-quieter-co-founder-brad-keywell-talks-about-chicago-ideas-week-video/set-3/" rel="attachment wp-att-132071"><img src="http://allthingsd.com/files/2011/10/set-122x285.png" alt="" title="set" width="122" height="285" class="alignleft size-medium wp-image-132071" /></a></p>
<p>That includes the first <a href="http://www.chicagoideas.com">Chicago Ideas Week</a>, a massive, citywide event that Keywell pushed for and has also been funding, to bring the city more than 100 prominent speakers on a wide variety of weighty topics. </p>
<p>As it describes itself, the undertaking is a &#8220;celebration of ideas, innovation, and community designed to ignite, inspire, connect, and catalyze our community around great ideas and great people.&#8221;</p>
<p>In other words, put Chicago on the innovation map &#8212; it&#8217;s no surprise that tech topics are woven all through the talks, which end Sunday.</p>
<p>Here&#8217;s Keywell discussing the effort, as well as the struggle to create a significant tech ecosystem away from the Death Star of Silicon Valley.</p>
<p>He is an energetic speaker himself, as you will see below, just <em>not</em> about Groupon:</p>
<p><div class="video-wsj"><object width="640" height="360"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=23BAC396-092C-4748-827C-FA323FF97A90&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={23BAC396-092C-4748-827C-FA323FF97A90}&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="640" height="360" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object></p>
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		<title>Tap.me Hires Top Omnicom Exec Matt Spiegel for Mobile Ad Play</title>
		<link>http://allthingsd.com/20111010/tap-me-hires-top-omnicom-exec-matt-spiegel-for-mobile-ad-play/</link>
		<comments>http://allthingsd.com/20111010/tap-me-hires-top-omnicom-exec-matt-spiegel-for-mobile-ad-play/#comments</comments>
		<pubDate>Mon, 10 Oct 2011 11:30:40 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[Android]]></category>
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		<category><![CDATA[Hyde Park Angels]]></category>
		<category><![CDATA[I2A Fund]]></category>
		<category><![CDATA[in-game advertising]]></category>
		<category><![CDATA[Industry Moves]]></category>
		<category><![CDATA[iOS]]></category>
		<category><![CDATA[Matt Spiegel]]></category>
		<category><![CDATA[mobile games]]></category>
		<category><![CDATA[Omnicom Group]]></category>
		<category><![CDATA[social games]]></category>
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		<category><![CDATA[VC]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=130445</guid>
		<description><![CDATA[Tap.me, a small Chicago start-up focused on in-game advertising, has landed a big name as its new CEO.]]></description>
				<content:encoded><![CDATA[<p><a href="http://tap.me/wp/">Tap.me</a>, a small Chicago start-up, has landed a big name as its new CEO.</p>
<p><img class="alignright size-medium wp-image-130452" title="tapme_matt spiegel2" src="http://allthingsd.com/files/2011/10/tapme_matt-spiegel2-312x285.png" alt="" width="312" height="285" />Matt Spiegel is perhaps best known for starting Resolution Media, which he led for more than four years before selling to Omnicom Group. Since then he&#8217;s held several positions at the global advertising and marketing company, including CEO of its media digital group.</p>
<p>Spiegel begins today as the CEO at Tap.me, which is building an ad network focused on monetizing games. It is starting with mobile applications and then will move to other platforms, like Facebook.</p>
<p>The founding team, which is made up of former game developers, including CEO Joshua Hernandez, recognized the need for a better ad platform.</p>
<p><img class="alignleft size-full wp-image-130447" title="tapme_logo" src="http://allthingsd.com/files/2011/10/tapme_logo.png" alt="" width="128" height="121" />&#8220;What they witnessed in the game space is that most ads interrupted the game play and were not very effective,&#8221; Spiegel said.</p>
<p>The ads were either banners that were ignored during game play, or were premium sponsorships, which consisted of integrated product placements. The latter was more effective, but time consuming and not easily scalable.</p>
<p>Despite the downfalls, games continue to be the most downloaded applications. &#8220;We&#8217;ve reached a tipping point, where the consumer attention and time spent on games has gotten to the point where brands should look at it as a content channel,&#8221; Spiegel said.</p>
<p>So, in essence, the company believes that ads should not interrupt the game play, but that they can be shown before the game.</p>
<p>It works like this: A game developer picks something in its game that can be sponsored, such as being able to jump higher, access to a virtual good, gaining more speed or endurance, or being able to unlock a new level. Tap.me then provides advertisers that will sponsor those items, like Red Bull or Gatorade. Players have the choice of playing with or without the advertisements.</p>
<p>Because many of the ad units are for similar actions or items, the market can reach scale, unlike customized sponsorships, like a car company providing a free tractor in a farming game.</p>
<p>So far, the company has more than 35 games signed up on Apple and Android and recently hit two million uniques on the Tap.Me platform. Some games include: Hospital Havok 2, Escape 3D: Bathroom 2, Drake&#8217;s Tower, Charmed and Mr. Runner.</p>
<p>Hernandez said so far most of the players, or 88 percent, opt in for the advertisements and are choosing to interact with the brand. He said the sponsorships also result in longer game play, and that the users who did pick to see the ads spent 63 percent more time in the game than players who did not.</p>
<p>Tap.me was originally founded in 2009 as a game company, but after seeing the challenges with in-game advertising, it shifted its focus in 2010 to advertising. The 15-employee company has raised $1.44 million from angel investors and two Chicago VCs, I2A Fund and Hyde Park Angels.</p>
<p>Now with Spiegel on board, the company plans to raise more capital and accelerate the number of advertisers and game makers it has on board.</p>
]]></content:encoded>
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		<title>President Obama's LinkedIn Town Hall: The Other Silicon Valley Jobs Event</title>
		<link>http://allthingsd.com/20110926/liveblogging-president-obamas-linkedin-town-hall-best-wireless-access-for-the-special-reporters/</link>
		<comments>http://allthingsd.com/20110926/liveblogging-president-obamas-linkedin-town-hall-best-wireless-access-for-the-special-reporters/#comments</comments>
		<pubDate>Mon, 26 Sep 2011 17:09:04 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<category><![CDATA[Putting America Back to Work]]></category>
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		<category><![CDATA[wireless]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=124797</guid>
		<description><![CDATA[Here's an idea to get more jobs for the citizens of the U.S.of A.: Fantastic high-speed wireless access!]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20110926/liveblogging-president-obamas-linkedin-town-hall-best-wireless-access-for-the-special-reporters/photo-12/" rel="attachment wp-att-124923"><img src="http://allthingsd.com/files/2011/09/photo1.jpg" alt="" title="photo" width="320" height="240" class="alignright size-full wp-image-124923" /></a></p>
<p>Arriving at Silicon Valley&#8217;s Computer History Museum, in the heart of the tech industry, with the leader of the free world talking jobs and digital, you might expect <em>fantastic</em> wireless access. </p>
<p>You might, but not so much if you are a &#8220;local&#8221; reporter and can&#8217;t jack into the extra-secret-special wireless link the national White House press corps apparently has reserved for itself. (They also get a lovely noshing buffet, whilst we tech reporters have been instructed not to touch the pineapple and scones or else!)</p>
<p>Famished for coffee and carbs, we&#8217;re left with glomming onto the museum&#8217;s slowish wireless service &#8212; there are lotsa geeks here today jamming up the lines &#8212; and every now and then getting some juice from Google. The search giant blankets the Mountain View, Calif. area near its HQ with free Wi-Fi, but it fades in and out.</p>
<p>I am now reconsidering the antitrust investigations that the Obama administration is conducting against Google, as long as its signal is good enough to check Twitter.</p>
<p>So this liveblog of President Barack Obama&#8217;s LinkedIn Town Hall &#8212; which will center on jobs and is titled, &#8220;Putting America Back to Work&#8221; &#8212; could be glacial with not much news, much like what I am expecting from the event itself.</p>
<p><a href="http://allthingsd.com/20110926/liveblogging-president-obamas-linkedin-town-hall-best-wireless-access-for-the-special-reporters/no_parking_wireless/" rel="attachment wp-att-124827"><img src="http://allthingsd.com/files/2011/09/no_parking_wireless.png" alt="" title="no_parking_wireless" width="380" height="285" class="alignleft size-full wp-image-124827" /></a></p>
<p>I&#8217;d certainly <em>like</em> to work, as long as the wireless does! (Plus, limited power outlets in the room, so it&#8217;s every reporter for herself!) </p>
<p>But bygones, while we await the Prez!</p>
<p><strong>10:18 am</strong>: One thing that made me flee Washington, D.C., when I worked for the Washington Post, was all the rigmarole that surrounded the appearance of and access to politicians.</p>
<p>I get it, the security and all, and am all for it on a general safety level. But, no matter how you slice it, it hinders any kind of movement or genuine interaction, like being stuck at a really dull opera. All the world&#8217;s a stage and we are all merely waiting in traffic.</p>
<p>In contrast, and one of the joys of Silicon Valley, is that anyone can get up right up into the grill of the various billionaire potentates littering the landscape, engage in a debate and get a possibly real answer.</p>
<p>Thus, I am hoping for a lot here from LinkedIn CEO Jeff Weiner, who is going to moderate the hour-long session with the President.</p>
<p>By the way, while he is busy running the business-focused social networking site, Weiner is looking good in a fancy suit, almost as if he could be Secretary of the Internet. I&#8217;d vote for him.</p>
<p><strong>10:28 am</strong>: Some painless but hip music is playing now, as we <em>wait, wait, wait</em> for Obama, who is set to begin in 30 minutes. </p>
<p><a href="http://allthingsd.com/20110926/liveblogging-president-obamas-linkedin-town-hall-best-wireless-access-for-the-special-reporters/imgres-61/" rel="attachment wp-att-125138"><img src="http://allthingsd.com/files/2011/09/imgres10.png" alt="" title="imgres" width="261" height="193" class="alignright size-full wp-image-125138" /></a><br />
I wonder if the President is ever early. Wouldn&#8217;t <em>that</em> freak the peeps out?</p>
<p>(Obviously, I am bored, so I shall now go monitor Twitter to catch up on the latest in the new bad-marriage-or-not cat fight between Brad Pitt and his ex, Jennifer Aniston &#8212; as if we need <em>him</em> to tell us Angelina Jolie is more interesting. Frankly, Angie&#8217;s midday snack is more interesting than Jen.)</p>
<p>There is now what appears to be a Secret Service dude next to me, giving me a hairy eyeball. If I am jailed over my wireless protest, please give generously to my defense fund.</p>
<p>Free the Internet! Free the Internet!</p>
<p><strong>10:35 am</strong>: Finally, the production guy is up giving out the rules. Turn off the cellphones, no making noise.</p>
<p>The head Secret Service guy then takes the stage. No getting out of your seat. No sudden movements. And <em>no</em> crossing the blue line in the front row.</p>
<p>&#8220;All joking aside,&#8221; he says, he <em>will</em> take you down. He also notes that if the President moves toward you to shake your hand, &#8220;do not move toward him.&#8221;</p>
<p><a href="http://allthingsd.com/20110926/liveblogging-president-obamas-linkedin-town-hall-best-wireless-access-for-the-special-reporters/imgres-62/" rel="attachment wp-att-125142"><img src="http://allthingsd.com/files/2011/09/imgres11.png" alt="" title="imgres" width="201" height="251" class="alignleft size-full wp-image-125142" /></a></p>
<p>I love Secret Service agents &#8212; especially when played by Clint Eastwood &#8212; and wish I had one to give a few people in tech a little smackadoo on my behalf. And not only if they moved toward me!</p>
<p><strong>10:47 am</strong>: This little frisson of excitement is followed by more waiting, as the final seats are filled up in the room, which is an unusually (and welcome) multi-racial and gender-balanced crowd for Silicon Valley.</p>
<p>Various White House aides skitter back and forth like nervous ground squirrels &#8212; I would imagine their life is one big effort to avoid any gaffe &#8212; so the Prez must be near.</p>
<p>I am actually looking forward to seeing him, as I never have in person and am looking forward to seeing the famous Obama charm and techie cred.</p>
<p>Indeed, he is probably the most fast-forward tech president there has ever been. That said, buffeted by more serious issues facing the nation, his administration has delivered on few &#8212; by which I mean <em>none</em> &#8212; of its promises around the digitization of the U.S.</p>
<p>Our high-speed broadband, for example, is still woefully slow, inordinately expensive and not easily available nationwide.</p>
<p>And I will not even go into the need for increased focus on math and science education or the importance of our broken visa policies. </p>
<p>But the topic today is jobs, which is an arena where Silicon Valley and tech shines in the U.S., even as manufacturing of it has mostly moved overseas. How tech can help improve in the creation of jobs will be issue No. 1 here.</p>
<p><a href="http://allthingsd.com/20110926/liveblogging-president-obamas-linkedin-town-hall-best-wireless-access-for-the-special-reporters/linkedin-logo/" rel="attachment wp-att-125191"><img src="http://allthingsd.com/files/2011/09/linkedin-logo-285x285.png" alt="" title="linkedin-logo" width="285" height="285" class="alignright size-medium wp-image-125191" /></a></p>
<p><strong>10:55 am</strong>: Total silence with five minutes to go. I need the President around to quiet my kids.</p>
<p>Now, LinkedIn Chairman and VC Reid Hoffman comes in, so the event is probably about to begin. </p>
<p>And, indeed, Weiner emerges to cheers, to give a little speech on &#8220;changing the way we work &#8230; and connecting talent to opportunity.&#8221;</p>
<p><strong>11:01 am</strong>: Then, the session starts right on time with President Obama. </p>
<p>He begins with a rote speech on jobs, which is nonetheless the most important issue he faces going into next year&#8217;s election. </p>
<p><strong>11:14 am</strong>: Ah, wireless glitch! Back!</p>
<p>President Obama is inexplicably in the middle of a Medicare question, which gives him an opportunity to talk about the need for the rich to pay more taxes. </p>
<p>And pass his American Jobs Act, of course.</p>
<p><strong>11:17 am</strong>: More on proposing legislation for retraining workers, such as the questioner&#8217;s mom. </p>
<p>Now to a group of email questions. The first is about when small businesses are going to get a break from onerous regulations and taxes.</p>
<p>President Obama says since he has been in office, he has cut taxes 16 times for those who create a business.</p>
<p>But he is not going to apologize for some regulations, such as those for the financial industry over the mortgage crisis.</p>
<p>&#8220;There are some regulations that have outlived their usefulness,&#8221; he says, but others not so much.</p>
<p><a href="http://allthingsd.com/20110926/liveblogging-president-obamas-linkedin-town-hall-best-wireless-access-for-the-special-reporters/helpwanted/" rel="attachment wp-att-125198"><img src="http://allthingsd.com/files/2011/09/HelpWanted.png" alt="" title="HelpWanted" width="338" height="264" class="alignleft size-full wp-image-125198" /></a></p>
<p><strong>11:24 am</strong>: The next question is from a Chicago IT employee. Except she is not employed.</p>
<p>She is asking a question about keeping her skills up and what programs are needed.</p>
<p>&#8220;The best thing we can do for you is that the unemployment rate goes down,&#8221; said President Obama, but also adds that making it easy to go to school while waiting on a job is also important.</p>
<p>&#8220;Just looking at you, I can tell you are going to do great,&#8221; he tells her in an awkward effort at reassurance.</p>
<p>Thanks, Barack, but she needs a job!</p>
<p><strong>11:28 am</strong>: A veteran is asking a question about transitioning out of the military. </p>
<p>Obama launches into a story of a medical technician who faced all kinds of experiences, but had to start over again with new classes when out of the military. He suggests some level of credentialing based on experience.</p>
<p><strong>11:33 am</strong>: Obama gets to pick out someone from the crowd and manages to pick out a dude who is a former Googler &#8212; although he only says that he works down the street &#8212; and is out of work by choice.</p>
<p>He asks: &#8220;Will you please raise my taxes?</p>
<p>A plant? I wish!</p>
<p><a href="http://allthingsd.com/20110926/liveblogging-president-obamas-linkedin-town-hall-best-wireless-access-for-the-special-reporters/20110719_doug_edwards_imfeelinglucky_18/" rel="attachment wp-att-125199"><img src="http://allthingsd.com/files/2011/09/20110719_doug_edwards_imfeelinglucky_18.png" alt="" title="20110719_doug_edwards_imfeelinglucky_18" width="175" height="175" class="alignright size-full wp-image-125199" /></a></p>
<p>President Obama asks the name of the start-up. &#8220;A search engine,&#8221; says the ex-Googler-in-disguise, who is Doug Edwards, an early marketing exec there who actually wrote a book on being an ex-Googler.</p>
<p>&#8220;That worked out well for you,&#8221; kids President Obama.</p>
<p>Everyone likes a rich-guy joke!</p>
<p>He is soon onto the idea that we&#8217;re all dang lucky and declares he does not want it to turn the debate over taxes into a rich-poor war.</p>
<p>Bottom line, he notes that we have to raise taxes on the very wealthy. Frankly, if we raised taxes on a bunch of folks in this room, it would help a lot.</p>
<p><strong>11:42 am</strong>: A teach-training question, especially math and science teachers. </p>
<p>President Obama is all for it.</p>
<p>He is meaning well here, but all he seems to offer is a lot of bromides about the importance of education and errant related anecdotes.</p>
<p>Like one from IBM, where the company hires the kids in the program at the end.</p>
<p>President Obama wants students to see a direct connection between learning and jobs. </p>
<p><a href="http://allthingsd.com/20110926/liveblogging-president-obamas-linkedin-town-hall-best-wireless-access-for-the-special-reporters/imgres-63/" rel="attachment wp-att-125204"><img src="http://allthingsd.com/files/2011/09/imgres12.png" alt="" title="imgres" width="225" height="225" class="alignleft size-full wp-image-125204" /></a></p>
<p>Then, he kind of says it again. Gosh, he can talk. How does the well-fed and wirelessly connected White House press corp take it? Lotsa donuts, I would imagine.</p>
<p>President Obama also wants us to turn off the electronics and video games for kids, too, thereby instantly losing the votes of my two sons!</p>
<p>Another laid-off guy is up at the mic. He had 22 years in IT management and is disheartened. </p>
<p>He wants a statement of encouragement from the CEO of America.</p>
<p>President Obama assures him that his track record of success gives him a leg up, but that the problem is the economy and the global meltdown, too.</p>
<p>It&#8217;s systemic, apparently.</p>
<p>&#8220;The problem is not you, the problem is the economy as a whole,&#8221; says President Obama.</p>
<p>That was the last question. Weiner, who has been sitting quietly (I know it was hard, Jeff, but good job), thanks the President and tells him that this is a big issue.</p>
<p>President does his thanks, too, for being able to speak, although not really that much was actually said.</p>
<p><a href="http://allthingsd.com/20110926/liveblogging-president-obamas-linkedin-town-hall-best-wireless-access-for-the-special-reporters/the-economy-sucks-coin-purse/" rel="attachment wp-att-125206"><img src="http://allthingsd.com/files/2011/09/The-Economy-Sucks-Coin-Purse-344x285.png" alt="" title="The-Economy-Sucks-Coin-Purse" width="344" height="285" class="alignright size-medium wp-image-125206" /></a></p>
<p>And then a genuine moment, finally, of clarity.</p>
<p>&#8220;Look, we&#8217;re going through a very tough time, but we have gone through tougher times before,&#8221; he says. &#8220;But the trajectory we are going on is one that is more open, more linked &#8230;&#8221;</p>
<p>He talks about the need for being ready to take advantage of that opportunity.</p>
<p>&#8220;Things have gotten so ideologically driven, putting party above country,&#8221; he adds, that nothing is getting done. That&#8217;s why the people, the voters, have to demand leadership from their elected officials.</p>
<p>Or, presumably, fire them and let them try to find another job, too. </p>
<p>It might turn out to be the best idea yet, if these pols don&#8217;t agree on something and quick.</p>
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		<title>More: Groupon Amends Its S-1 IPO Filing -- Again! -- Over Accounting Issues and CEO Letter</title>
		<link>http://allthingsd.com/20110923/more-groupon-amends-its-s-1-ipo-filing-again-over-accounting-issues/</link>
		<comments>http://allthingsd.com/20110923/more-groupon-amends-its-s-1-ipo-filing-again-over-accounting-issues/#comments</comments>
		<pubDate>Fri, 23 Sep 2011 21:24:02 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[ACSOI]]></category>
		<category><![CDATA[adjusted consolidated segment operating income]]></category>
		<category><![CDATA[amend]]></category>
		<category><![CDATA[amended]]></category>
		<category><![CDATA[Andrew Mason]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[cumulative repeat customers]]></category>
		<category><![CDATA[employee]]></category>
		<category><![CDATA[Eric Lefkofsky]]></category>
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		<category><![CDATA[filling]]></category>
		<category><![CDATA[goat rodeo]]></category>
		<category><![CDATA[gross billings]]></category>
		<category><![CDATA[gross revenue]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[Illinois]]></category>
		<category><![CDATA[IPO]]></category>
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		<category><![CDATA[Margo Georgiadis]]></category>
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		<description><![CDATA[The goat rodeo of an IPO for Groupon has a new twist -- on a Friday afternoon, of course.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20110923/more-groupon-amends-its-s-1-ipo-filing-again-over-accounting-issues/masonglg-2/" rel="attachment wp-att-124433"><img src="http://allthingsd.com/files/2011/09/masonglg.png" alt="" title="masonglg" width="380" height="285" class="alignright size-full wp-image-124433" /></a></p>
<p>Groupon amended its public offering documents today, in a <a href="http://www.sec.gov/Archives/edgar/data/1490281/000104746911008207/a2205238zs-1a.htm">new filing</a> with government regulators, in which it once again changed its accounting treatment.</p>
<p>That includes the way it measures revenue, which will now be reported <em>excluding</em> the money it pays out to merchants. </p>
<p>Some felt the &#8220;gross revenue&#8221; figure &#8212; a term for what are actually gross billings &#8212; was not reflective of Groupon&#8217;s true performance. It will now use net revenue.</p>
<p>Said the company in the current amended filing, its third: </p>
<p>&#8220;We consistently have stated that the amount we retain &#8212; rather than bill or collect &#8212; from the sale of Groupons is the key measure of the value we create. This change in presentation is consistent with that belief.&#8221;</p>
<p><em>Okkkkaaaay</em>, whatever you say, but the change was requested by the Securities and Exchange Commission.</p>
<p>In its second amended filing, Groupon dropped its controversial &#8220;Adjusted Consolidated Segment Operating Income,&#8221; or <a href="http://allthingsd.com/20110805/exclusive-groupon-will-dump-controversial-ascoi-accounting-in-new-ipo-filing/">ACSOI</a>, metric, which excluded key marketing costs.</p>
<p>In its first amended filing, it told investors to <a href="http://allthingsd.com/20110714/groupon-retracts-wildly-profitable-statement-in-latest-sec-filing/">ignore statements made by its Chairman Eric Lefkofsky</a> and also made more accounting clarifications.</p>
<p>In the current changes, Groupon also posted the <a href="http://allthingsd.com/20110825/exclusive-groupons-mason-tells-troops-in-feisty-internal-memo-it-looks-good/">controversial letter to employees</a> &#8212; first published here &#8212; that CEO and co-founder Andrew Mason wrote to strike back at the Chicago-based social buying network&#8217;s critics. Many felt the missive violated the quiet period before an IPO that companies are required to maintain.</p>
<p>And Groupon has been anything but quiet, as it advances and retreats to its Wall Street road show, which has been delayed and then not delayed (and might still be delayed, but who knows?).</p>
<p>Also today in its noisy goat rodeo: <a href="http://allthingsd.com/20110923/groupon-loses-new-coo-whos-going-back-to-google/">COO Margo Georgiadis</a> is headed back to Google after arriving in April. </p>
<p>I guess things did not work out. </p>
<p>Lastly, the new filing also has added a new metric for &#8220;cumulative repeat customers,&#8221; showcasing how many customers have bought a Groupon offering more than once. That number is over 12 million.</p>
<p>Here is the full new S-1 filing to peruse and pick apart:</p>
<p><font size="2"><a href="http://www.docstoc.com/docs/96229068/GRPN-20110923-S1A-0">GRPN-20110923-S1A-0</a></font><br/><object id="_ds_96229068" name="_ds_96229068" width="630" height="550" type="application/x-shockwave-flash" data="http://viewer.docstoc.com/"><param name="FlashVars" value="doc_id=96229068&#038;mem_id=1512683&#038;doc_type=pdf&#038;fullscreen=0&#038;allowdownload=1" /><param name="movie" value="http://viewer.docstoc.com/"/><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /></object><script type="text/javascript">var docstoc_docid="96229068";var docstoc_title="GRPN-20110923-S1A-0";var docstoc_urltitle="GRPN-20110923-S1A-0";</script><script type="text/javascript" src="http://i.docstoccdn.com/js/check-flash.js"></script></p>
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