John Paczkowski in News on May 17 at 3:03 am PT
Facebook’s imminent IPO might mint a mess of millionaires in Silicon Valley come Friday — but in the meantime, it seems to be driving wealth in a few newly public Internet companies, as well.
Tricia Duryee in Commerce on May 16 at 9:45 am PT
The Chicago-based daily deals company expects to announce the appointment of Vinayak Hegde as VP of engineering later this afternoon.
Tricia Duryee in Commerce on May 15 at 1:29 pm PT
Even though Groupon continues to carry the warning that its financial processes are weak, a handful of analysts upgraded the company to a buy rating today, and investors sent the stock climbing.
Ina Fried in News on May 14 at 1:12 pm PT
Although it was forced to restate earnings earlier this year, the deal-making site on Monday reported revenue that bested the high end of its previously forecast range.
Tricia Duryee in Commerce on May 10 at 4:35 pm PT
Google has integrated Groupon-like offers into Google Maps, and it’s not stopping there. Expect to see deals on other Google properties with a strong location, social or commerce component soon.
Tricia Duryee in Commerce on May 10 at 10:44 am PT
Starbucks Chairman and CEO Howard Schultz said today on CNBC that he has confidence in both Groupon’s board and CEO, even after stepping down from the board after 19 months.
Tricia Duryee in Commerce on May 10 at 6:01 am PT
Groupon is rolling out a program nationwide today that lets merchants reward loyal customers without the hassle of punch cards or other mobile applications.
Tricia Duryee in Commerce on May 8 at 4:30 am PT
Andreessen Horowitz has invested $10 million in Belly, a Chicago-based company that is building a loyalty network for retailers that will replace punch cards with mobile rewards.
Tricia Duryee in Commerce on May 7 at 8:10 am PT
In a letter to shareholders today, Groupon CEO Andrew Mason addresses the company’s bumpy road, calling it “an unfortunate side effect of our unprecedented growth.”
Tricia Duryee in Commerce on May 4 at 3:12 pm PT
Selling a pair of tickets to see New Kids on the Block for $10,000 today didn’t stop Groupon’s stock from closing below $10 a share.