Voices

Groupon and the Clone Wars

Thanks to the overwhelming popularity of its local-discount offers, Groupon Inc. now generates hundreds of millions of dollars in revenue, commands a valuation north of $1 billion, and has attracted some $170 million in venture capital–all in less than three years.

Voices

The Knot: Susquehanna Upgrades on Improved Local Ad Outlook

The Knot shares are trading higher this morning after Susquehanna Financial Group analyst Malindi Davies upgraded shares of the online wedding site to Positive from Neutral, setting a $9 price target. “The risk/reward balance for KNOT has improved over the last few months, in our view,” Davies writes in a research note.

Voices

The Knot: Investors File For Divorce

The honeymoon is over for investors in The Knot. The wedding planning site’s shares are down sharply lower following disappointing Q1 results. Revenues for the quarter of $23.7 million were slightly ahead of the consensus at $23.5 million, and down a tad from $23.8 million a year ago. But the company lost 4 cents a share in the quarter, slightly worse than expected.

Voices

Tying the Hyperlocal Knot

The Knot is launching 75 new localized sites in the hopes of reaching brides-to-be from Tampa to Tucson. David Liu, CEO of the wedding Web site, said the idea is to provide the “ingredients” that people planning weddings seek out. Brides are best served by content available in their specific location, he said. Likewise, wedding vendors want to advertise in bridal outlets that target a region.