Groupon became famous and went public in 2011 by hawking restaurant discounts to people who Instagram their food, but since then, they’ve realized that emailing people coupon spam isn’t a profitable model. Now they’ve switched from pushing coupons to selling a motley assortment of very strange shit, like a mane for…
On Wednesday night, Danzig headlined the Cuban Club in Ybor City, Florida. During the opening of doom-rock ballad "Blood and Tears," the eponymous gloom-metal god noticed someone in the audience recording the performance and demanded, "Somebody punch that fucking asshole right there."
Groupon's flailing CEO was canned today. His official announcement included a few jokes and a "Battletoads" reference.
Remember when Groupon was supposed to be the next big thing? Man. Seems like a long time ago.
Back Alley Waffles spent only three months in business before closing, and they're blaming deals site Groupon.
Reputable internet business Groupon has been banned from ever again advertising snake oil, an activity Groupon not only engaged in, but defended, back when it was trying to assure everyone of its steady growth.
What heinous acts of consumer fury can we blame on unsustainable social coupon site Groupon this week? A Santa-seeking stampede that led to the resignation of one of Santa's elves. Groupon stole Christmas!
Groupon just closed down 35 percent from the start of the week and, for the first time ever, below its initial public offering price. Most other big, recent tech IPOs are underwater too. It's time to admit the tech bubble is burst.
There was a flurry of interest in Groupon's stock just before the IPO, driving up the price a bit. But Wall Street's crush on the online discounter was short-lived: Its stock plummeted today, for the second time in a month. Maybe reason will actually prevail in tech investing, just this once.
Want to short Groupon's stock? Get in line: the financially questionable online discounter is now ranked in the absolute most expensive category of stocks to bet against. Some 5.5 percent of the company's shares are out to short investors, versus 3.3 percent for an average S&P 500 issue.
Never underestimate the power of hype. When Groupon's clattering clown car went public today, its stock soared 40% to $28 a share from its IPO price of $20. Groupon CEO Andrew Mason—that Andrew Mason—is now worth $1.3 billion. Happy Friday!
Groupon goes public tomorrow, and the financially frightful coupon startup should be a stock market hit: With about 10 times more prospective buyer than shares, the stock priced today at $20, up from an expected $16 - $18. So it looks like the tech bubble, inflated heretofore by private investment deals, is going…
It's make or break time. Metastasizing corporate basketcase Groupon is going public Friday. Are stock investors crazy enough to value the unprofitable company at $11 billion?
Groupon's long journey from flailing startup to multi-billion-dollar Wall Street obsession has played out like an opera, with subplots involving orgiastic young sales reps, brutal German managers, a puppet-master chairman, and amazing levels of greed. Business Insider's Nicholas Carlson went behind the scenes, talked…
What a basketcase: Groupon has slashed its proposed valuation to $12 billion from $30 billion as it ramps up for an initial public offering. So if you're in the market for a technically insolvent online discounter with shady accounting, now is the time to buy! Goldman Sachs is involved, so you just know it's a good…
Investors are willing to gamble less and less on Groupon's imaginary future profits, various fund managers told Bloomberg, thanks to the near constant reminders about just how imaginary those profits are. One fund manager thinks the online coupon startup has seen its value fall to as low as $3 billion from $25 billion.
Groupon was hit with its second lawsuit in as many months from employees who said they were screwed out of their overtime. This comes shortly after the online discounter lost its COO, its sales chief, its IPO date, and its favorite bullshit accounting metric. It's almost as though Groupon is some sort of hive of…
Here's another sign, if one was needed, that Groupon is coming unhinged when it can least afford it: The company's COO, Margo Georgiadis, has jumped ship after just five short months for her old employer, Google.
After making noise during its federally mandated quiet period and after taking heat for a farcical accounting metric, Groupon might still be able to IPO next month. The online discounter's CEO just has to prove to the feds that he's not a liar.
Surprise: Wildly unprofitable money pit Groupon canceled its investor roadshow and withdrew its IPO schedule, says the Wall Street Journal. Also, there's a new SEC inquiry into the company. But everything will be back on track just as soon as the tech bubble returns, honest!
