8/7/2023 0 Comments Groupon facebookGroupon expects to raise $500 million in revenue in 2010, and, says one prominent venture capitalist, the company " remains on a torrid growth curve in terms of audience growth. This is almost twice as much as Google's largest purchase to date, the $3.1 billion it paid for Doubleclick in 2007. November 30, 2010: Google reportedly offers $6 billion to acquire Groupon. Find great deals on all the best stuff to eat, see, and do near you and around the world. ![]() May 2010: Groupon acquires German "clone" CityDeal, doubling its global reach.Īugust 2010: The company is valued at $1.5 billion, beating out as the fastest company to ever reach the $1 billion in sales. 136. 57 in Shopping 4.8 443.2K Ratings Free Screenshots iPhone iPad iMessage Download Groupon and save up to 70 on the things you need every day. The deal is seen as "signifying that social buying has rapidly matured into a real business." Some, like Living Social, BuyWithMe, or Facebook's new "Deals" section come from established social media players with venture capital backing others are start-ups, or individuals trying to get rich quick.Īpril 2010: Groupon raises $135 million from Digital Sky Technologies, a Russian investment firm. 35 FOR 6 Get 6 Wines for 35 with This Groupon Promo Code Expiring today Verified as valid Retailer website will open in a new tab 23 See code Expires today 22 OFF This Summer Get an Extra 22. Meanwhile, a bevy of Groupon competitors and copycats appear. Such explosive growth forces employees to meet monthly in a Chicago church instead of in Groupon's original offices. It now serves more than 150 markets domestically, and 100 more worldwide. ![]() The site debuts with Chicago-specific deals before spreading to Boston, New York, and other cities.Ģ009-2010: The company rapidly expands into new cities in the U.S. ![]() Every deal on Groupon needs to attract a certain percentage of takers for it to be valid 98 percent of deals currently meet the necessary criteria. Discover epic & amazing experiences waiting for you to live out IRL Share your. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. November 2008: After fails to attract enough ad revenue to stay afloat, Mason tries his luck with daily-deals site Groupon. 19,827,448 likes 6,512 talking about this.
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