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Groupon Fatigue

Groupon Fatigue

Look, Groupon Is Totally a Serious Company Now, Okay?

Just not the best fit, probably.

We haven’t heard too much from Groupon CEO Andrew Mason lately. (One gets the impression he felt the need to lie low for a little while.) But it seems he’s decided to reemerge into the public eye with a Businessweek profile wherein he puts on his absolute most serious, most adult, most professional game face.

Well, considering the company’s plunging stock price, it’s probably about time for a charm offensive.

For one thing, the man dressed up: Read More

Groupon Fatigue

Hey, Some Good News for Groupon, For Once

Just not the best fit, probably.

Well, well, will you look at that: Long-suffering Groupon finally had a good day. Q1 results are in, and the AP reports that revenues are up and losses slimming. Of course, after that mortifying Q4 earnings revision, the company badly needed things to go well. Maybe they’re getting better at being a public company, after all.

Revenues were up 89 percent year-over-year, from $295.5 million to $559.3 million. That number also beat expectations: Groupon had forecast somewhere between $510 million and $550 million, whereas analysts averaged out at $530.5 million. The company was also losing less money: Just $11.7 million this quarter, as opposed to $146.5 million in Q1 of 2011. There’s something to be said for moving in the right direction, at least.  Read More

Groupon Fatigue

Groupon’s Chinese Joint Venture Is Falling Apart as American Groupon Renews Its March Toward IPO

(Max Whittaker, fotopedia.com)

“It’s an open secret that Groupon’s China JV, Gaopeng (高朋), is on its way to becoming the next failure of foreign internet companies entering China,” the Chinese tech blog TechRice wrote earlier this month. In the U.S., Groupon, which is being sued by its employees for ludicrously-uncomfortable working conditions, and has been the subject of a string of bad press for everything from its shaky financials to the peppy memo that was accidentally-on-purpose leaked to AllThingsD, prompting an SEC investigation that was resolved without penalty. But after canceling its IPO roadshow, Dealbook is reporting that the startup is back on track for a public offering even as the markets continues to suck. Read More