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Groupon, Inc. is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 13 [2] countries. Based in Chicago, Groupon was launched there in November 2008, launching soon after in Boston, New York City and Toronto. By October 2010, Groupon was available in 150 ...
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With Groupon taking 50 percent of every deal, plus a small credit-card handling fee, [9] in late 2010 it was reported by Mashable that Groupon's annual revenue was $800 million. [10] On December 1, 2010, The New York Times reported that Groupon was the subject of a $6 billion acquisition bid from Google , which Groupon turned down.
Groupon filed for its IPO in June 2011 and went public in November of that year. [11] Despite positive growth figures, some studies suggest there is a structural weakness to the industry that will have to be addressed. Such shortcomings exist on both the consumer and merchant sides of the industry.
LivingSocial is an online marketplace that allows its registered users to buy and share things to do in their city. [5] Formerly headquartered in Washington, D.C., LivingSocial had roughly 70 million members around the world in 2013. [2]
8coupon's syndicated promotions can be redeemed on the sites of their affiliate partners or at the merchant using a cell phone. [ 5 ] [ 9 ] [ 10 ] The company is themed with the number eight. 8coupons celebrates their anniversary on the 8th day of the 8th month, they have lists of the top eight deals, and their "OCHO LOCO" deals are all themed ...
BuyWithMe was a social e-commerce company that was known as the first competitor to group buying website Groupon.Launched in Boston and then later based in New York City, BuyWithMe allowed consumers to leverage group buying power to get discounts with local merchants online.