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Investors give LivingSocial another $110 million

, Feb 20th 2013 Discuss [0]

LivingSocial Inc. has just received another $110 million from its current group of investors who still have hope in the daily deals company. The investors are still fighting for LivingSocial, despite the whole $650 million net loss that it reported in 2012, as well as the $558 million loss it reported in 2011. The company had to lay off around 400 employees back in November, as well as its Senior Vice President, Dickson Chu, back in July. Read The Full Story

Groupon launches point-of-sale system Breadcrumb

, Oct 10th 2012 Discuss [0]

Back in May, Groupon purchased Breadcrumb, a point-of-sale system for the hospitality industry meant to erase the clunky systems of past years and replace them with a sleek, affordable iPad app. Breadcrumb offers all the features needed by restaurants, cafes, or bars in a single app, including the ability to process sales using an card swiping attachment for the iPad. Originally offered under a pilot run in New York, this POS app is now available nation-wide. Read The Full Story

Groupon Q2 earnings bring mixed bag of news

, Aug 14th 2012 Discuss [0]

Today the folks at Groupon have let it be known that compared to last year, they're doing fabulously, with this financial second quarter for them bringing a net income of $28.4 million USD. Compared to last year at this time, that number is fabulous, with last year's result for this quarter being a net loss of $107.4 million. Revenue also went up 45 percent up $568.3 million, this falling slightly short of a survey by Thomson Reuters which had analysts aiming for $573 million. Read The Full Story

Nokia Maps updated with support for Groupon Now! deals

, Aug 1st 2012 Discuss [0]

If you love Groupon deals and have a phone capable of running Nokia Maps, then boy does Nokia have the update for you. Today, Nokia's Pino Bonetti announced that Nokia Maps has been updated and now includes support for Groupon Now! deals. This means that you're never too far from the next great Groupon deal, as Groupon Now! allows you to purchase them and use them immediately. Pretty cool, no? Read The Full Story

Groupon loyalty reward program launches

, May 10th 2012 Discuss [0]

After running through a pilot program in various test cities throughout the country, Groupon has decided to make its Groupon Rewards program available on a national level. The new platform allows merchants to offer an easily managed customer loyalty program and getting face time on Groupon without giving away the farm. It is basically an online replacement for those traditional "punch cards" that give you a free haircut after 10 visits or whatever the place of business happens to be. Read The Full Story

Groupon pays out $8.5 million to settle suits

, Apr 3rd 2012 Discuss [0]

Groupon has been the subject of 17 separate lawsuits that were combined in a federal court in San Diego accusing the company of offering coupons with illegal expiration dates. The suit alleged that Groupon and the retailers it works with were violating federal and state consumer protection laws. Groupon has now agreed to settle the combined lawsuits. Read The Full Story

LivingSocial Instant deals are dead

, Mar 30th 2012 Discuss [3]

LivingSocial has abandoned its location-based "Instant" deals service before it ever made its mark. In addition, company co-founder and former president Eddie Frederick has left the site, and it's assumed that his departure was not by choice. Frederick likely had an active hand in developing the Instant platform, which has been described as essentially being dead on arrival. Internet success isn't as easy as it looks. Read The Full Story

Google Offers adds new partners, new cities

, Mar 14th 2012 Discuss [0]

The number one search engine provider today announced that Google Offers, which you may know as "not Groupon or LivingSocial," has secured a couple new partnerships that it hopes will make the platform a bit more viable in this competitive space. The daily deal site market is incredibly crowded, and only a couple are actually in the mainstream lexicon, so Google has an uphill climb. Read The Full Story

Groupon, LivingSocial, et al do encite repeat business

, Mar 5th 2012 Discuss [0]

There are two reasons that a merchant thinks offering incredible deal on a site like Groupon will be worth the potential loss on such an offer - one is that a large portion of users will never actually redeem the purchased deal, thus lessening the blow of the lost profit from those who do redeem. And the other is by creating such a great customer experience that they'll become a repeat customer, with or without a discount. Read The Full Story

Groupon’s Updated Merchant Center Launched

, Jan 4th 2012 Discuss [0]

Groupon's merchants have been offering great deals to consumers since it's launch in 2008, but one question that has remained in the air surrounding Groupon is, how good is the website for the merchants. Since 2008 Groupon has expanded its merchant base from Chicago to more than 150 markets in North America and 100 markets in Europe, Asia and South America. Based on that information alone it seems Groupon is doing quite well. Lets go back and address the original question - is Groupon good for the businesses providing the deals? Read The Full Story

Facebook Shuts Down Deals Program after 4 Months

, Aug 27th 2011 Discuss [3]

It was a lovely 3rd of November afternoon when we first heard of Facebook's intent to create a Deals Program amongst a handful of other new features for the social networking ecosystem, and now not quite four months after its inception, the program has been cut entirely. While the Facebook Deals program seemed at first to very much be an obvious Groupon Rival, even an early June 2011 announcement of a possible UK sect of the program did not prove enough to keep the system alive, and today Facebook has announced the cutting of the Deals. Read The Full Story

The Dealmap Acquired by Google

, Aug 2nd 2011 Discuss [2]

Google has today acquired Dealmap, a start-up whose main function is to aggregate discounts from hundreds of group-buying sites. This acquisition may well prove to add on to Google's recently launched service in Google Offers or may stay a completely separate entity tied in to Google through simple check-ins. The terms of the deal have not yet been disclosed, but it is known that Dealmap will join Google's local incentives and commerce group. Time to take on Groupon after all? Read The Full Story
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