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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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