The rise was like a tech startup fairytale. Within three years of founding, this unicorn company had raised more than $1 billion in venture capital — closing an astonishing $950 million in its final private round at a nearly $5 billion valuation. Revenue growth was skyrocketing from $30 million in year …

Some consolidation afoot in the world of mobile payments: today Groupon- and BBVA-backed SumUp and Rocket Internet’s Payleven — two of the several European startups that cropped up in the wake of Square with their own smartphone accessories to make debit and credit card transactions — have announced that they are merging, creating …

Groupon continues to streamline its global business after it announced the sale of its operations in Indonesia to a somewhat unlikely buyer. KFit, a one-year-old startup that sells gym and fitness memberships in the same style as U.S.-based ClassPass, is picking up Groupon Indonesia in an undisclosed deal. Malaysia-based KFit said it …

Deal site Groupon saw its shares rising today in after-hours trading, following a better-than-expected second quarter earnings report. Analysts expected the Chicago-based company to report negative earnings per share of $0.02 on revenue on a non-GAAP basis, and $713.8 million in revenue, according to Estimize data. But Groupon beat Wall Street revenue expectations with second quarter revenue of …

Some significant consolidation is going down in the world of daily deals — going down being the operative phrase here. Today, Groupon announced it would acquire LivingSocial, its onetime big rival that was partly owned by Amazon, for an undisclosed sum. Lest you think that this is a power move made by companies …

One of Asia’s most-funded clones of U.S.-based subscription fitness service ClassPass is pivoting to local services. KFit, which has raised more than $15 million from investors that include Sequoia, announced today that it has acquired the Groupon Malaysia business in an undisclosed deal. That comes less than six months after …

Google has now lifted a controversial ban which wiped out the digital identities — meaning Gmail accounts, access to photos, voicemails and files — of those consumers who used a tax loophole to profit from reselling their Pixel smartphones. The affected people were, in fact, in violation of Google’s Terms of …

Facebook has followed Google’s lead by trumpeting plans to expand its presence in the UK — despite ongoing uncertainty over the impact of this summer’s Brexit vote for the country to leave the European Union. Speaking at the annual CBI conference in London today, Facebook’s Nicola Mendelsohn, VP EMEA, announced plans for the …

Google is opening up applications to businesses interested in testing its new file-sharing product called Team Drives. Announced earlier this fall, the focus of Team Drives is to offer companies an easier way to share files across their organization, along with more granular access controls over the content those shared folders …

With Popular Times, Google introduced a nifty little feature for its search engine last year that lets you know how busy a restaurant, coffee shop or bar typically is at any given time of the week. Today, it’s taking this concept a step further by making this tool real-time. So now, you …