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Groupon Names Rich Williams CEO In Mixed Earnings Report

The understanding use Groupon on Tuesday announced CEO and co-founder Eric Lefkofsky would step down, and Rich Williams would take over a association immediately. The association pronounced Lefkofsky would lapse to a purpose of authority of a board. Williams told TechCrunch in an talk that he plans to replenish investment in patron merger and boost concentration on streamlining general operations. “We’re ... Read More »

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

It’s a bad understanding currently for Groupon, a association that built a business around daily deals for products and services and has given stretched into areas like commerce solutions for small businesses. The company’s batch opened during $2.81 after dropping more than 30% in pre-market trading, on a heels of a triple-whammy of news: a CEO change; a mixed Q3 report; and diseased superintendence for a arriving ... Read More »

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

After a bell today, Groupon reported a first-quarter financial performance. The company, best famous for a bonus coupons to internal businesses, warranted an practiced $0.03 per share on $750.4 million during a period. Those sum review to street expectations of a $0.01 per-share profit, and income of $812.19 million. Down around 3 percent in unchanging 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 a footprint over daily deals for some time, and currently a association is doubling down on a investment in a grill point-of-sale complement Breadcrumb with a new app designed to move live sales information to a iPhone. With Breadcrumb Live, a association is charity grill owners a ability to lift adult sales information, check counts, opening ... Read More »

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

Some more exec changeable stirring during daily deals and inner commerce site Groupon. Today a association announced that Rich Williams would be a subsequent arch handling officer. And during a same time, a association pronounced that it would be losing a CFO, Jason Child, who will be withdrawal during a finish of Jul to join Jawbone as a CFO. Perhaps to alleviate ... 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 currently to embody support for Apple Watch. Like many Watch apps, Groupon’s takes advantage of a ability to daub into a user’s plcae by approach of their connected iPhone, afterwards it uses this recognition to warning we to deals accessible nearby you. Unlike with Groupon’s mobile application, whose home shade facilities deals in your ... Read More »

Groupon Acquires OrderUp Food Delivery Service

Groupon appears to be readying itself to enhance into food smoothness and take on services like GrubHub. Today, a company announced a merger of food-delivery use OrderUp and minute a plans to enhance into a $70 billion sector. Founded in 2009, a Baltimore-based OrderUp is live in 40 cities opposite a country, many of that are college towns. The use 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 during Zomato, a $1 billion+ grill find portal based out of India that is now active in 22 countries. TechCrunch has learned, and has now reliable with a company, that Zomato is laying off around 300 staff, or usually underneath 10% of a stream workforce of 3,000, as it looks to cut costs in weaker tools of a business ... Read More »

Groupon Launches Its Own Food Delivery Business, Groupon To Go

Following its acquisition of food smoothness use OrderUp progressing this month, Groupon is now announcing a possess inhabitant smoothness and takeout service, Groupon To Go. The module is primarily accessible in Chicago, where it has been in commander contrast with 500 restaurants given March, though a association says it will enhance to other metro regions via a year, including Boston and ... Read More »

Our Marketplace Obsession And Bubble

Service marketplaces have recently turn Silicon Valley darlings. The marketplace indication has been a renouned approach for VCs to well daub into a internal economies during scale, privately the $800 billion home services space. It’s a indication that dates behind to a initial judgment of Yellow Pages in 1883. And it creates clarity — giving homeowners a available approach to find internal businesses ... Read More »

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