The Rise and Fall of Groupon | A Daily Deal & Digital Coupon Empire
Groupon, founded by Andew Mason, experienced a huge growth shortly after launch in 2007. Google even offered 6 billion dollars to purchase the company, but they passed on the offer to launch their own IPO stock ticker GRPN. Questionable accounting practices lead many to believe that Groupon is scam and wondering if Groupon is legit. The truth is that after the appeal wore off daily deal and digital couponing sites turned out to be a fad. Many other sites like Living Social, Gilt, Facebook, Google, Yelp and Amazon all had similar issues with their daily deal businesses.
Please drop a comment if you like this video!
Big thanks to Dan for creating my Spinach Report Intro, visit Dan’s site here:
www.dantkendall.com
Jeff-
Groupon, founded by Andew Mason, experienced a huge growth shortly after launch in 2007. Google even offered 6 billion dollars to purchase the company, but they passed on the offer to launch their own IPO stock ticker GRPN. Questionable accounting practices lead many to believe that Groupon is scam and wondering if Groupon is legit. The truth is that after the appeal wore off daily deal and digital couponing sites turned out to be a fad. Many other sites like Living Social, Gilt, Facebook, Google, Yelp and Amazon all had similar issues with their daily deal businesses.
Please drop a comment if you like this video!
Big thanks to Dan for creating my Spinach Report Intro, visit Dan’s site here:
www.dantkendall.com
Jeff-
![How to Save Money with Temu Coupons 2024 [New and Existing Users] The Best Temu Deals and Offers](https://i.ytimg.com/vi/9RleX-bBZ3Y/hqdefault.jpg "How to Save Money with Temu Coupons 2024 [New and Existing Users] The Best Temu Deals and Offers")
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I have been using Groupon for over 9 years now and love it!! From Rosarito Beach ,Los Angeles, San Diego, Seattle,Miami, Temecula, Del Mar and Las Vegas Groupon has made my life pretty special!! So special that I created a channel all about it (with LivingSocial and Travelzoo deals).. check it out!!
Do you think turning down the 6b from Google and IPO-ing at over 10b helped make pre-IPO investors richer than they otherwise would be at a 6b sale? People say it was stupid to turn it down, but let's face it – Groupon was a pump and dump on the retail investor, and those orchestrating the whole thing were much better off by IPO-ing instead of selling out.
I use Groupon all the time and they have amazing deals still what are you talking about
Thanks, theres hardly any videos on this and you did a great job explaining it
I use Groupon these days for popular artist concert tickets. Usually the tickets are deep discounted a week before the show through Groupon. I hope they continue offering concert tickets!
I just unsubscribed from them. I have never bought anything off there. But they are the pioneers of daily deals.
Interesting video! Thanks for the information I used to love using groupon😌
Wow. Thanks for the information!
Thanks for the extra laughs too! 😂😂 Do let us know if you get that $20 massage!
Great job Jeff, kudos to Dan too! I like the spiny thingy. Ahhh Groupon used to be my go to for movie tickets. They had their fair run, best to go on hiatus and try to wait out for their own reboot/revamp. There’s a French app that lets restaurants, bakeries and grocery stores sell items that are soon to perish on a 1st come/1st served kind of basis…maybe they could try something like that. Waste not, want not!
All that and they ended up keeping some of my money because I have four or five Groupon‘s I never used. If your business is built on top of impulse buys, I wouldn’t expect it to last very long.
now starting to put up reports that I can use, but Groupon is still good, but a lot of merchants offer their own discounts now. a shame, from time to time, they were good.