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 …
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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 …
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Some significant downsizing is underway at Groupon, the daily deals and local-commerce site. The company is today announcing that it will be cutting 1,100 jobs — mostly in its sales (aka “deal factory”) and customer service operations — taking a pre-tax charge of $35 million in the process. As part …
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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 …
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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 …
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Yet more news of closures at Groupon, the daily deals and local commerce platform. TechCrunch has learned and confirmed that the company has ceased operations immediately in four more countries, all in Europe, where its business has been in decline: Sweden, Denmark, Norway and Finland. The news comes amid a …
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After seeing big and small competitors collapsing or withdrawing altogether from the race, Groupon still enjoys an undisputed leadership in the deal space. However, with slow growth in North America, and no growth at all in the international markets, the once fastest-growing company in history is having a hard time …
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Not dead yet, deal site Groupon soared 23% in initial after-hours trading, following a better-than-expected fourth quarter earnings release. The company beat revenue forecasts, bringing in $917 million, instead of the anticipated $846 million, and a 9% year-over-year increase. Adjusted earnings per share was at four cents, whereas Wall Street …
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It’s over! (Nearly.) This week was the last set of big earnings reports, barring a few happening early March — Square and Box, to be exact. It was a wild week, to be sure. Groupon (surprise!) beat expectations, sending the stock soaring. Pandora was reportedly in buyout talks, and had a …
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For the last several years, Groupon has been expanding its business beyond the daily deal to position itself as the platform for local commerce. Some of those efforts have proven to be more challenging than others, however. And so, as Groupon now downsizes in less profitable areas, it’s also making a return to products that are tried, tested and lucrative. …
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