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Is Seattle Silicon Valley’s Next Favorite Stop?

Editor’s Note: Hadi Partovi is a technology investor and entrepreneur and is the co-founder and chief executive of the Seattle-based nonprofit Rich Barton, Glenn Kelman, Ed Lazowska, and Ari Steinberg contributed to writing this.  In the last ten years, the Seattle tech scene has changed quite dramatically. In the 1990s and early 2000s, the only gigantic software companies in ... Read More »

Groupon Names Rich Williams CEO In Mixed Earnings Report

The deal service Groupon on Tuesday announced CEO and co-founder Eric Lefkofsky would step down, and Rich Williams would take over the company immediately. The company said Lefkofsky would return to the role of chairman of the board. Williams told TechCrunch in an interview that he plans to renew investment in customer acquisition and increase focus on streamlining international operations. “We’re ... Read More »

Groupon Slides Nearly 30% On Market Jitters Over CEO Change, Weak Q4 Guidance

It’s a bad deal today for Groupon, the company that built a business around daily deals for goods and services and has since expanded into areas like commerce solutions for small businesses. The company’s stock opened at $2.81 after dropping more than 30% in pre-market trading, on the heels of a triple-whammy of news: a CEO change; a mixed Q3 report; and weak guidance for the upcoming ... Read More »

Groupon’s Shares Gyrate In Wake Of Profit Beat, Revenue Miss In Q1

After the bell today, Groupon reported its first-quarter financial performance. The company, best known for its discount coupons to local businesses, earned an adjusted $0.03 per share on $750.4 million during the period. Those figures compare to street expectations of a $0.01 per-share profit, and revenue of $812.19 million. Down around 3 percent in regular trading, Groupon is now mostly flat in after-hours ... Read More »

Groupon Launches Breadcrumb Live To Bring Point-Of-Sale Management To The iPhone

Groupon has been expanding its footprint beyond daily deals for some time, and today the company is doubling down on its investment in its restaurant point-of-sale system Breadcrumb with a new app designed to bring live sales data to the iPhone. With Breadcrumb Live, the company is offering restaurant owners the ability to pull up sales information, check counts, performance ... Read More »

Groupon Names Rich Williams COO As CFO Jason Child Steps Down To Take Up CFO Role At Jawbone

Some more exec shifting afoot at daily deals and local commerce site Groupon. Today the company announced that Rich Williams would be its next chief operating officer. And at the same time, the company said that it would be losing its CFO, Jason Child, who will be leaving at the end of July to join Jawbone as its CFO. Perhaps to soften ... Read More »

Groupon’s New Apple Watch App Alerts You To Nearby Deals, Lets You Buy From Your Wrist

Groupon’s deal-finding iOS application was updated today to include support for Apple Watch. Like many Watch apps, Groupon’s takes advantage of its ability to tap into a user’s location by way of their connected iPhone, then it uses this awareness to alert you to deals available near you. Unlike with Groupon’s mobile application, whose home screen features deals in your ... Read More »

Groupon Acquires OrderUp Food Delivery Service

Groupon appears to be readying itself to expand into food delivery and take on services like GrubHub. Today, the company announced its acquisition of food-delivery service OrderUp and detailed its plans to expand into the $70 billion sector. Founded in 2009, the Baltimore-based OrderUp is live in 40 cities across the country, many of which are college towns. The service has processed over 10 millions orders ... Read More »

Restaurant Search App Zomato Lays Off 300, 10% Of Staff, In Shift Away From Live Data Collection

Some belt tightening underway at Zomato, the $1 billion+ restaurant discovery portal based out of India that is now active in 22 countries. TechCrunch has learned, and has now confirmed with the company, that Zomato is laying off around 300 staff, or just under 10% of its current workforce of 3,000, as it looks to cut costs in weaker parts of its business ... Read More »

Groupon Launches Its Own Food Delivery Business, Groupon To Go

Following its acquisition of food delivery service OrderUp earlier this month, Groupon is today announcing its own nationwide delivery and takeout service, Groupon To Go. The program is initially available in Chicago, where it has been in pilot testing with 500 restaurants since March, but the company says it will expand to other metro regions throughout the year, including Boston and ... Read More »

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