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Groupon shares dump on Q1 income miss, shutters businesses in 11 some-more markets

Groupon — a once-dominant daily deals business that has some-more recently attempted to change to other kinds of internal commerce — currently reported first-quarter earnings that forked to a association still in transition — or struggling to spin itself around some-more successfully, depending on how we demeanour during it. Dragged down by a 5.5 percent decrease in a core marketplace ... Read More »

Crunch Report | Facebook Hires 3,000 People After Getting Disturbed

Hi! You are about to activate a Facebook Messenger news bot. Once subscribed, a bot will send we a digest of trending stories once a day. You can also customize a forms of stories it sends you. Click on a symbol next to allow and wait for a new Facebook summary from a TC Messenger news bot. Thanks, TC Team Read More »

Why Silicon Valley’s ‘unicorn problem’ will solve itself

Mike Trigg is a COO of Hightail. The arise was like a tech startup fairytale. Within 3 years of founding, this unicorn association had lifted some-more than $1 billion in try capital — shutting an startling $950 million in a final private turn during a scarcely $5 billion valuation. Revenue expansion was skyrocketing from $30 million in year dual to $713 ... Read More »

SumUp and Payleven combine as European ‘Square clones’ consolidate

Some converging stirring in a universe of mobile payments: currently Groupon- and BBVA-backed SumUp and Rocket Internet’s Payleven — dual of a several European startups that cropped up in a wake of Square with their possess smartphone accessories to make withdraw and credit card transactions — have announced that they are merging, formulating a business with 1 million business in 15 countries. The dual ... Read More »

Groupon closes adult 23% after Q4 report, says it paid zero for LivingSocial

Groupon, a daily deals height that has been restructuring itself and perplexing to change into some-more essential areas of e-commerce, currently reported a Q4 earnings. The association reported sales of $934.9 million though with a net detriment of $50.2 million, and a non-GAAP EPS of $0.07. Both are a kick for a company: analysts were expecting revenues of $912.8 million, and ... Read More »

Groupon is offered the Indonesia business to aptness membership startup KFit

Groupon continues to streamline a tellurian business after it announced a sale of a operations in Indonesia to a rather doubtful buyer. KFit, a one-year-old startup that sells gym and aptness memberships in a same character as U.S.-based ClassPass, is picking up Groupon Indonesia in an undisclosed deal. Malaysia-based KFit pronounced it has “no evident plans” to change Groupon Indonesia’s business, that ... Read More »

Groupon reports better-than-expected revenue, still not profitable

Deal site Groupon saw a shares rising today in after-hours trading, following a better-than-expected second entertain gain report. Analysts expected the Chicago-based association to news disastrous gain per share of $0.02 on income on a non-GAAP basis, and $713.8 million in revenue, according to Estimize data. But Groupon beat Wall Street income expectations with second quarter revenue of $756 million. And it posted a better-than-expected net detriment of $6.8 million on a ... Read More »

Groupon is shopping LivingSocial, skeleton to downsize business to 15 markets from 27

Some poignant converging is going down in a universe of daily deals — going down being a user phrase here. Today, Groupon announced it would acquire LivingSocial, a onetime large rival that was partly owned by Amazon, for an undisclosed sum. Lest we consider that this is a energy pierce done by companies during their peak, consider again: a news comes as a ... Read More »

Asia’s answer to ClassPass is pivoting to turn a marketplace for internal services

One of Asia’s most-funded clones of U.S.-based subscription aptness use ClassPass is pivoting to internal services. KFit, that has raised some-more than $15 million from investors that embody Sequoia, announced now that it has acquired a Groupon Malaysia business in an undisclosed deal. That comes reduction than 6 months after KFit, that operates a fitness-style ‘buffet’ for business in 10 ... Read More »

Groupon launches new Merchant app that puts a daily understanding front and center

For a final several years, Groupon has been expanding its business beyond a daily deal to position itself as a height for internal commerce. Some of those efforts have proven to be some-more severe than others, however. And so, as Groupon now downsizes in less essential areas, it’s also creation a lapse to products that are tried, tested and lucrative. Groupon says that it’s worked with some-more than 1 million ... Read More »