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4 Super Bowl ads that should have never aired
The Super Bowl is unlike any other marketing platform because the scrutiny is exceptionally high. Viewership is enormous and people focus on the ads; many people watching the Super Bowl aren't all that...
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Groupon outlook disappoints, shares slide after hours
Groupon’s forecast for first-quarter results fell short of Wall Street’s expectations, as the online commerce company has been struggling to rev up sales and profit growth. The daily deals and online...
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Groupon bids adieu to CFO, names new COO
Groupon on Wednesday said that its chief financial officer, Jason Child, would step down next month “to relocate to the West Coast” from the company’s Chicago headquarters. The new gig? Finance chief...
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Groupon takes on Seamless with food delivery
Watch out, Seamless, Groupon is trying to tread on your turf. That’s because Groupon announced Thursday that it’s kicked off the ability for consumers to order food directly from the service’s app and...
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This is why Groupon plans to cut 1,100 jobs worldwide
Groupon is cutting 1,100 jobs worldwide as it restructures its international operations, MarketWatch reports. According to a filing with the SEC on Tuesday, the job cuts will affect almost 10% of the...
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Amazon will soon stop offering these two services
Amazon announced that it will soon stop offering its Local Register service as well as its Amazon Local app, the Wall Street Journal reports. Local Register is a mobile credit card processing service...
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Why Groupon’s Stock Price is Tanking Today
Groupon’s share price GRPN is down sharply today, sinking below $3 per share as investors react to news of a new CEO and weaker-than-expected guidance. The daily-deals site has seen its stock price...
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Here are the Latest Countries Where Groupon is Shutting Down
Groupon has announced that it’s shutting down in another slate of countries, all Nordic. The e-commerce site announced that it’s halting business in Sweden, Denmark, Norway, and Finland, TechCrunch...
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Atlassian Hires Groupon Exec as New Tech Chief
Workplace collaboration software company Atlassian team , which went public last month in a well-received U.S. initial public offering, has named a high-level Groupon grpn executive as its first chief...
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Groupon’s Shares Soar 17% on Strong Sales
(Reuters) – Groupon reported a higher-than-expected quarterly profit, as strong sales in North America and restructuring of its businesses boosted margins. The company’s shares grpn , which have fallen...
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Alibaba Just Grabbed a 5.6% Stake in Groupon
Is Groupon poised to make a comeback? Alibaba baba , the Chinese e-commerce giant, snatched up nearly 33 million shares of the daily deals site Groupon grpn , the company disclosed in a regulatory...
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LivingSocial Is Laying Off Even More Staff
More major layoffs have hit LivingSocial, the once-buzzy e-commerce site. On Wednesday, the Washington, D.C.-based company announced major workforce changes, including the layoffs of about 160...
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Amazon Shuts Down Flash Sales Site MyHabit
Another flash sales site bites the dust. This time, e-commerce giant Amazon is shuttering its sales site MyHabit. The move is part of the growing consolidation of the once-hot flash sales startup...
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2015 Was Chicago’s Best Year for Startup Funding Ever
As James Fallows pointed out in The Atlantic a couple of months back, tech companies are spreading beyond the Bay Area--steadily, if slowly. One new spot for tech development is Chicago, where...
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Meal Kits Are the New Daily Deals
Remember 2011, when Hearst, Meredith, The New York Times and dozens of major newspapers all launched their own Groupon-style daily deals services? “Should Groupon be worried?” Ad Age asked. The...
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Groupon Goes To War With IBM Over Software Patents
That didn't take long. Two months ago, IBM filed a lawsuit against the daily deals website Groupon that accused it of infringing on some of its patents related to software created before the Internet...
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This Internet Billionaire Wants to Solve the Mystery of the Universe
Yuri Milner, the tech billionaire who invested early in companies from Facebook fb to Groupon grpn to Twitter twtr , is now on to bigger things: Figuring out if we, meaning human kind, are alone in the...
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Here’s Why Shares of Groupon Are on Fire Today
Investors seem to think Groupon grpn is a steal after the online marketplace reported second quarter revenue that beat Wall Street’s expectations and bumped up its full year guidance--sending shares of...
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What Groupon’s Buyout of Living Social Says About the Brutal E-Commerce Business
It's tough to remember the sound and the fury that was the online daily deals business, dominated by two companies, Groupon and LivingSocial. I remember being perplexed one day when I went to my go-to...
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Mattel Taps Google Executive To Lead Toy Maker
Mattel, the toy maker behind the iconic Barbie and Fisher-Price brands, has appointed Google Americas President Margaret “Margo” Georgiadis to serve as chief executive officer, the second change to the...
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