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Daily deals Web site Groupon Inc. saw its revenue surge to $760 million last year from $33 million the previous year, with more than a third of its 2010 sales coming from outside the U.S., according to an internal memo.
The e-mail, sent by Groupon Chief Executive Andrew Mason to staffers in early January, also reveals the founder’s grand ambitions for the company started three years ago. Mason writes that he hopes to achieve “billions in revenue” in 2011. Get the full story »
From TechCrunch | SharesPost, a marketplace for private stock sales, released a report Thursday stating that Chicago-based daily deal site Groupon is worth about $6 billion (between $5.95 billion and $6.07 billion, to be exact).
Google Inc., after failing to acquire daily-deals Web site Groupon Inc., said it is preparing to test a competing service that offers deals to local businesses such as restaurants.
The Internet search giant, which on Thursday also announced that co-founder Larry Page would take over as chief executive from Eric Schmidt, didn’t release details about the new effort — Google Offers — that aims to grab a larger share of the small but growing online-ad market for local businesses. Get the full story »
Former Chicagoan Cheryl Rosner has stepped down as chief executive of online deals site BuyWithMe after less than a year in her position. Get the full story »
