had been vindicated. Retrieved 5 November 2015. New York Post, (2014). For example, a successful deal could temporarily swamp a small business with too many customers, risking a possibility that customers will be dissatisfied, or that there won't be enough product to meet the demand. Three Weeks Later, Groupon's Stock Plummets Below IPO Price". 109 On November 30, 2010, it was reported that Google offered.3 billion with a 700 million earnout to acquire Groupon and was rejected on December 3, 2010. Facebook is testing "Local Market a buying and selling community powered by Facebook groups, that also indirectly competes with Groupon. "Groupon launched in Sharjah". "Google Plans 'Google Offers' To Take On Groupon". 110 After the rejection of the Google/Groupon buy-out, Groupon proceeded with their own initial public offering. "Groupon shares fall 27 on disappointing results".
Retrieved August 17, 2010. The Other Location Shoe Drops: Facebook Deals. He's on the cover of Forbes magazine labelled "The Next Web Phenom." Coburn, Marcia Froelke (July 14, 2010). Archived from the original on October 23, 2011. Currently, that split can vary depending on many factors. "Groupon is still the fastest company to reach a billion-dollar valuation". 104 Indirect edit As Groupon looks to expand beyond daily deals to become a marketplace for local commerce, the company comes into competition with many large players.In 2007 Mason launched The Point, a web platform based on the "tipping point" principle that would utilize social media to get people together to accomplish a goal. Announced it received a 250 million investment from a private investment firm, Atairos Management LP, which has ties to Comcast Corp. 9 code promo winchef 10, the idea for Groupon was created by now-ousted. 123 The following day, Groupon responded by defending their commercial and their philanthropic stance. 48 On January 11, 2013, Groupon acquired real-time location sharing mobile app and small business service provider Glassmap, which was founded and led by Geoffrey Woo, Jon Zhang and Jonathan Chang. "Groupon Expands to New Markets in Florida". "Is This Google's Groupon Clone? PrivCo (October 21, 2011). "Groupon's 6 Billion Gambler". Jo Kent, CNN (January 21, 2011). Unlike buy 9 and get the 10th free punchcards, a consumer earns Rewards by using any major credit card saved in their Groupon account when they visit their favorite local merchants. This creates room for 400 employees, up from 300 that Groupon currently employs in Washington.