Chicago-based daily deals provider YouSwoop will be launching in the North Shore as early as Tuesday, marking the company’s first expansion outside of the city. Get the full story »
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On Friday, Chicago real estate brokerage Dream Town Realty launched a week-long deal on Groupon, hoping to tap the popular social buying model to attract clients. Get the full story »
Local Offer Network, a Chicago technology company that aggregates daily deals from providers such as Groupon, has raised $1.5 million in a Series A round led by Matthew Pritzker and IllinoisVentures. Get the full story »
After Gilt Groupies changed the 12 o’clock hour and Groupon made vouchers cool, users may finally be over it all. Traffic to flash sales and daily deal sites has been dropping during the past few months, according to online traffic monitor comScore.
Gilt is down 22 percent since the start of 2011, and Groupon has fallen off 13 percent during the same time period. Though both are still up year over year. Get the full story »
From BusinessWeek | Chicago-based daily deal site Groupon Inc. is preparing to make its deal-of-the-day business even more local, launching a mobile product that will allow it to offer discounts to subscribers based on their location. The new program it is planning, Groupon Now, consists of two buttons for consumers to pick from: “I’m Hungry” and “I’m Bored.” When users click on one of the buttons, Groupon Now offers up a host of discounted options near the user’s location. Get the full story>>
Daily deals website Groupon could be valued at as much as $25 billion in an initial public offering, Bloomberg reported on Thursday, citing two people with knowledge of the company’s discussions with banks.
Groupon launched a two-day national deal Wednesday offering discounted tickets for the upcoming movie “The Lincoln Lawyer,” partnering with Lionsgate in what the studio said was a first for the feature film industry.
“The Lincoln Lawyer,” starring Matthew McConaughey in the lead role, opens nationwide on Friday. Groupon is selling $6 tickets to the film. Subscribers who purchase the deal will get a special code to redeem their tickets on Fandango at any time during the movie’s theatrical run.
Lionsgate said it is the first Hollywood studio to promote a major feature film through Groupon. Movie tickets have been featured on daily deal sites in the past; earlier this month, Groupon rival LivingSocial offered a national deal where consumers could purchase two tickets on Fandango for $9. Get the full story »
Groupon Inc., an online provider of daily e-mails offering deals on everything from restaurants to dance lessons, was sued Tuesday by a Minnesota man who alleges the expiration dates on the company’s discounts are deceptive and illegal. Get the full story »
U.S. deals Web site Groupon Inc. said Monday it is teaming up with Chinese Internet giant Tencent Holdings Ltd. to launch a group-buying services Web site in China, placing it ahead of other major U.S. social Internet companies in building a China presence.
For Chicago-based Groupon, the deal represents an ambitious attempt to expand overseas while for Shenzhen-based Tencent, it is an attempt to tap further into growth beyond the company’s core business areas of online gaming and messaging. Get the full story »
Deals Web site Groupon Inc. appears to be making preparations to start operations in China, a move that could shake up the market for group buying, even though challenges lie ahead for the young U.S. company.
Chicago-based Groupon, which opened in 2008 selling discounted products and services from local merchants such as restaurants and nail salons, faces a huge Internet market that has confounded some of the world’s biggest players. Get the full story »
Daily deal provider LivingSocial said Thursday it has expanded into Chicago’s north suburbs, adding to its roster of more specialized offers for the area.
LivingSocial already offers deals for Chicago, the western suburbs and the northwest suburbs. The Washington, D.C.-based startup also has a “family edition” for Chicago that provides discounts on activities and services for parents and children. Get the full story »
Groupon Inc. Chief Executive Andrew Mason said the Chicago-based daily deals provider is pulling all of the Super Bowl ads that had provoked a negative reaction online earlier this week.
“We hate that we offended people, and we’re very sorry that we did – it’s the last thing we wanted,” Mason wrote in a blog post on Thursday, adding: “We will run something less polarizing instead. We thought we were poking fun at ourselves, but clearly the execution was off and the joke didn’t come through. I personally take responsibility; although we worked with a professional ad agency, in the end, it was my decision to run the ads.” Get the full story »
From Crain’s Chicago Business | Groupon has secured a spot during the Super Bowl to air a commercial being created by Christopher Guest. Earlier, the company thought it would only have access to pre-game and post-game commercials. Get the full story>>
Christopher Guest — the mockumentary director behind “Waiting for Guffman” and “Best in Show” — will direct Groupon’s spots for the Feb. 6 Super Bowl broadcast, a rep for Guest has confirmed.
It’s not clear what will be in the ads or how long they will run, but Groupon employees will be “eating mini-quiches” and not taking bathroom breaks about 30 minutes before the game and during the “Glee” episode airing later, a source close to the company joked. Get the full story »
From Bloomberg News | Groupon Inc., which last month rejected a $6 billion takeover offer from Google Inc., isn’t convinced it will sell shares in an initial public offering anytime soon, said Chief Executive Officer Andrew Mason. Get the full story>>