LivingSocial, partly owned by Amazon, has represented itself as a foe in ecommerce business. Gautam Thakar, the new CEO has gone through a massive workforce reduction since his inception 18 months back. Beside job cuts, Thakar has transformed its business focus from daily deals to card linked discount business which is now being tested in three US cities and seems to be popular.
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Apple is continuously adding incredible features and apps for easy consumer use. It considered the needs of online shoppers to carry out an effortless and convenient process of buying.
Deal service Groupon announced Tuesday that it has promoted Rich Williams as the chief executive of the company replacing co-founder Eric Lefkofsky, who is now back to his role as the chairman.
Unicorns are defined as startup companies that are valued at $1 billion or more. It takes a lot to reach the unicorn level, yet some companies have done it faster than the rest.
Tencent Holdings Ltd, the biggest Internet company in Asia, purchased a 20% stake in online review platform Dianping.com, as it steps up its location-based services, Bloomberg reported.
Chicago-based daily deals firm Groupon purchased New York-based flash fashion site Ideeli in a deal valued at $43 million in cash in a bid to compete with Amazon and other retail businesses.
In an announcement made today, Groupon said it has completed its $260 million acquisition of LivingSocial Korea, which is the holding company of Korean ticket and e-commerce company Ticket Monster.
E-commerce company Groupon announced its third quarter revenue results and plans on acquiring Korea's Ticket Monster.
The IPO of Twitter would determine if the microblogging site is Groupon, a bust or Google, a success.
Many lessons can be learned from the IPOs of other social media outlets as IPO would be conducting its own soon.
Analyst Aaron Kessler said internet stocks' gains would continue because investors were more confident in new business models like mobile and community advertising.
John Mattera, former hedge fund manager of Praetorian Global Fund Ltd. was sentenced 11 years of imprisonment after pleading guilty to Facebook and Groupon scam.
Groupon's choice to cut revenues results in net operating loss and falling profits.
Venture capital firms find themselves fending off increasingly uneasy investors who are urging them to cash out.
Groupon Inc's latest financial results raise new questions about the daily deals company's business model and whether Chief Executive Andrew Mason is the right person to fix it.