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According to sources close to the situation, Groupon’s actual run rate for this year is clocking in at $2 billion in revenue, rather than the widely quoted $500 million. Who knew hawking spas treatments and stripper pole lessons could be so lucrative?
Groupon has reportedly rejected Google's massive $6 billion acquisition offer and intends to stay independent. The group-buying giant has been the center of the tech world this week after it was reported that Google had offered it $5.3 billion with a $700 million earnout . According to Chicago Breaking Business and Bloomberg , Groupon has decided that it is better off on its own.
Amidst the whirlwind of acquisition rumors , Groupon decided to stir the pot some more by announcing the next (possibly the most important yet) step in its long-term strategy: Groupon Stores.
[This is an excerpt from my new book, Groupon: Why Deep Discounts are Bad for Business ]
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Last October, when Philz Coffee offered users of the coupon website Groupon discounted gift cards for in-store pickup, Jacob Jaber, president of the San Francisco coffee chain, figured on a few hundred takers. He got more than 2,000.
Houston, TX (PRWEB) July 20, 2010
Extreme deals in your neighborhood! Fetchapon.com is bringing savings to the Eastside Seattle suburbs, and surrounding areas, just for you!
Lately, group-buying sites and other companies that use discount-deals as the core of their business have become a red-hot trend, with Groupon spreading through cities around the world at a frantic pace and countless competitors and clones trying to catch some of the spotlight.
This summer, [we launched personalization](https://blog.groupon.com/cities/personalized-deals/) to bring you deals that better suit your interests.