Go to Groupon to find
thousands of deals on everyday consumer goods. From items to activities, to
good eats, Groupon offers discounts for every imaginable thing. They have
expanded outside the U.S. and now operate in 48 countries.
Groupon
- Shop Deals, Discounts & Coupons
Groupon is an American worldwide e-commerce marketplace connecting subscribers with local
merchants by offering activities, travel, goods and services in 15 countries.
Based in Chicago, Groupon was launched in November
2008, and the first market for Groupon was Chicago, followed soon thereafter
by Boston, New York City and Toronto. By October 2010, Groupon was available in 150 cities
in North America and 100 cities in Europe, Asia and South America, and had 35 million registered users. By
the end of March 2015, Groupon served more than 500 cities
worldwide, nearly 48.1 million active customers and featured more than 425,000
active deals globally in 48 countries.
The idea for Groupon
was created by now-ousted CEO and Pittsburgh native Andrew Mason. The idea gained the attention of his former
employer, Eric Lefkofsky, who
provided $1 million in "seed money" to develop the idea. In
April 2010, the company was valued at $1.35 billion. According to a
December 2010 report conducted by Groupon's marketing association and reported
in Forbes magazine and the Wall Street Journal, Groupon
was "projecting that the company is on pace to make $1 billion in sales
faster than any other business, ever.
In its first earnings
release as a public company, Groupon reported a 2011
fourth-quarter loss of $9.8 million on an adjusted basis, disappointing
investors. Additional investor concerns arose after the company restated
2011 revenues downward in March 2012
