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Groupon shares plunge after Q2 revenue of $752 million falls short of expectations

Wall Street had bigger expectations for Groupon’s second quarter results. While the daily deals leader said revenues grew 23 percent to $751.6 year over year, it wasn’t enough for analysts, who were seeking revenues of $761.8 million in the second quarter, according to Thomson Reuters. In after hours trading, investors punished the Chicago-based company, sending… Read More

expedia introducing deals

The honeymoon is over: Expedia and Groupon no longer co-branding travel deals

Groupon and Expedia are scaling back a 3-year-old partnership that focused on selling heavily discounted travel deals together. A Groupon spokesman confirmed today that the daily deals company and the online travel agency are no longer co-branding deals through a joint venture launched in the summer of 2011. The travel deals site, which was originally called “Groupon Getaways with… Read More

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Groupon leases more space in Seattle with room to add another 75 employees

Two years after opening a Seattle office, Groupon is gearing up for another growth spurt. The Chicago-based daily deals company currently employs 195 people here, and has plans to add another 75 positions to bring the total to 270. Groupon spokeswoman Laura Roman tells GeekWire that in order to accommodate the burgeoning office, it has leased a third floor at the 505 Fifth Avenue South… Read More

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Groupon takes on Costco and Amazon with new bulk grocery service

It seems like everyone’s getting into the bulk food business these days. Groupon announced today that it’s launching Groupon Basics, a service that allows customers to order certain household essentials in “warehouse sizes” and have those items delivered. At launch, interested consumers can select from a catalog of 108 items, including bars of Dove soap… Read More

Kira Wampler

Tech Moves: Ex-Amazon vet Holden lands at Bezos-backed Uber; Trulia hires CMO for ad war with Zillow; and more

—Uber is zooming ahead with a new chief product, one who helped drive Amazon.com’s growth in the early days. Jeff Holden, who earlier this week announced his intentions to leave Groupon, has landed at the fast-growing transportation company which also happens to be backed by Jeff Bezos. “He will be a strong strategic thought partner… Read More

Jeff Holden

Groupon product chief Jeff Holden to depart next month

Groupon product chief Jeffrey Holden is leaving the daily deals site effective March 18, according to a SEC filing posted today. No reasons were given on why the former Amazon exec is stepping down from the role, though we’ve reached out to Groupon for more details. Crain’s reports that Holden is leaving for an undisclosed… Read More

Photo via Kevin Lisota

Commentary: An MBA’s take on Seattle’s tech scene

Even before coming to Seattle for the first time on MIT Sloan’s Tech Trek, I had a feeling that I’d like this place. I’d heard how it’s laid back and outdoorsy. Yeah, rainy weather, but I’d also heard how friendly everyone is. Having just returned from our visit, I can say that the city lived… Read More

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Startup Spotlight: Forks offers instant ways to save money on food in a crowded coupon space

Juggernauts like Groupon and Living Social certainly have a strong presence in the digital coupon space. But one Seattle-based company has carved its own niche with a location-based app that offers instant redeemable coupons at quick service and sit-down restaurants. Founded in 2010, Seattle-based Forks launched its app earlier this year and already features 18,000… Read More

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Groupon hires Amazon Prime VP, continues Seattle expansion

Groupon continues to mine Amazon.com for talent, and today the daily deal company picked up a big name from its rival. Groupon, whose stock has risen 150 percent in the past year, announced that it has hired Robbie Schwietzer as vice president of operations. He comes to Groupon after a decade at Amazon, most recently as… Read More

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LivingSocial closes Seattle office; employees told to work remotely

Amazon.com-backed LivingSocial, the Washington D.C.-based daily deals site, has shut down its Seattle office. The news was first reported by Forbes and we’ve reached out to the company for confirmation. Less than 40 employees who worked at the office were not let go, but rather told to work from home, Forbes reported. The company is still hiring for three… Read More

Andrew Mason, former Groupon CEO.

Groupon CEO’s funny farewell is a model of candor

Say what you will about Andrew Mason’s reign as CEO of Groupon, he sure knows how to say goodbye. Mason was let go as the top executive of the daily deals company today, and he made his farewell memo public. In a world where many top executives obfuscate their departures with all manner of B.S., it’s… Read More

Spencer Rascoff opens trading on the Nasdaq in July

Dear Alley Insider: What’s Zillow, chopped liver?

I’m a big fan of Alley Insider’s Chart of the Day service in which the online news publication puts relevant news in chart form. But their latest effort left me scratching my head. What grabbed my attention was the title of the post: “LinkedIn Is The Only Consumer Tech IPO That’s Doing Well.” Really? I am… Read More

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Groupon pays $8.5M in settlement over voucher expirations at Nordstrom, other retailers

Groupon has agreed to pay $8.5 million to settle a class-action lawsuit alleging that expiration dates and other restrictions on the company’s vouchers violated federal and state law, and unfairly prevented consumers from receiving products and services purchased through the daily deals service. Notifications of the settlement were emailed to affected Groupon customers this week…. Read More

Hegde

Groupon hires ex-Amazon GM to lead Seattle office

Groupon is the latest tech giant to plant a flag in Seattle, opening an office in Seattle’s International District with room for 20 to 30 employees. The arrival of Groupon follows engineering offices from companies such as Hulu, Splunk, eBay, Facebook, Zynga and others, a trend we’ve talked about in great detail over the past… Read More

Howard Schultz (Richard Eriksson photo)

Starbucks CEO Howard Schultz departs Groupon’s board

Starbucks CEO Howard Schultz has stepped down from the board of Groupon just 16 months after joining forces with the fast-growing Chicago-based daily deal site. According to a SEC filing today, Schultz resigned from the board effective April 24th. Kara Swisher of All Things D first reported the news, also noting that Accel Partners’ Kevin Efrusy… Read More

Kal Raman

Tech Moves: Ex-Drugstore.com CEO Kal Raman hired at Groupon

Kal Raman, the former Amazon.com and drugstore.com executive who stepped down as CEO of Bellevue-based GlobalScholar last September, has been named senior vice president of Groupon overseeing operations in ten countries in North and South America. “Kal brings e-commerce and operational experience to Groupon which will benefit our customers and our merchants as we set out to… Read More

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Amazon boosts AmazonLocal with $10 gift card for $5

Many companies are still trying to make it in the market for daily deals, competing with giant Groupon and a host of smaller rivals. But Amazon.com is in a unique position with its AmazonLocal deals site thanks to the fact that it’s, well, Amazon.com. Case in point: Today’s nationwide AmazonLocal deal offering a $10 Amazon… Read More