Tag Archives: Groupon

Groupon POS builds upon Breadcrumb with simplified point-of-sale interface for iPad

Groupon POS builds upon Breadcrumb with simplified pointofsale interface for iPad

Last year, Groupon acquired Breadcrumb, a New York City-based startup known for its affordable iPad-based point-of-sale system. Now, a new Groupon-branded version of the tool, called POS, arrived in the iTunes store this morning, giving merchants a venue to process and track customer tabs, with a much simpler interface. The app, which appears to be a significantly dumbed-down version of Breadcrumb, is compatible with an optional cash drawer and printer, according to the iTunes listing, but doesn’t appear to offer advanced management functionality, such as time sheets and advanced reports (though basic stats are tracked). Groupon POS is available for download now at the source link below — subscription info is lacking, but based on the limited functionality here, we wouldn’t be surprised to hear that it’s free.

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Via: TechCrunch

Source: Groupon POS (iTunes)

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Former Groupon COO And Yahoo Exec Rob Solomon Joins Accel As Venture Partner

26000v4-max-250x250Accel Partners is making a big talent announcement today, with former Groupon COO and Yahoo exec Rob Solomon joining the firm as a venture partner.

Solomon last served as Accel-backed Groupon’s President and COO. As AllThingsD reported, Solomon left the deals company in 2011.
TechCrunch

After Ditching The Groupon Model, Zozi Lands $10M To Build Out Its Marketplace For Celebrity-Guided Adventures

Screen shot 2013-04-04 at 4.18.22 PMZozi launched in 2010 to become the go-to destination for those looking for an (affordable) excuse to take break from the daily grind by offering daily deals on a wide range of local adventures — everything from cocktail classes in Atlanta to kayaking in San Francisco Bay. However, after fighting it out in the crowded daily deals space for two years, Zozi shifted its focus to offering high-end, exclusive adventures and get-aways.

TechCrunch

CrunchWeek: Groupon Fires Andrew Mason, Yahoo Nixes Work-From-Home, SXSW’s SideCar Problem

Screen Shot 2013-03-02 at 7.17.57 PMThe National Day of Unplugging is finally over, so go on and gather ’round your screen: It’s CrunchWeek time again! It was another action-packed week in the tech industry, so Leena Rao, Ryan Lawler and I had lots to talk about when we sat down together in the TechCrunch TV studio.
TechCrunch

Marc Andreessen And Ben Horowitz ‘Decode’ Groupon CEO Andrew Mason’s Farewell Memo — On Rap Genius

wellplayedWhen Andreessen Horowitz invested a whopping $ 15 million into RapGenius this past fall, they were keen to point out that the platform can be used for decoding more than song lyrics, and extend to other forms of wordplay — literature, historical texts, political speeches, and the like.

The venture capital firm has really put their mouths where their money is. Marc Andreessen and Ben Horowitz have both logged onto RapGenius to add their own decodings of the memo issued this past week by Groupon’s founder Andrew Mason after he’d been fired from his position as CEO.
TechCrunch

CrunchWeek, Vol. 2: Is Mason Out At Groupon; Twitter Vs. PeopleBrowsr And ICOA-Gate [TCTV]

As we mentioned a few weeks ago, we’re introducing a new TechCrunch TV show called CrunchWeek, where we discuss a few of the past week’s more interesting stories. The aim is to get a bit more into the stories behind the stories that you read about on TechCrunch’s main blog page.
TechCrunch

Dronegames In San Francisco Features Twitter Fists, Groupon Leashes, MiFi And Botnets

IMG_20121201_153018Today, I got to judge a really cool competition, the Dronegames. Basically, a bunch of teams that like to hack on helicopter-like Drones came together in Groupon’s San Francisco office to come up with some really cool creations. I expected things to spin and go upside down, but these folks did things way more advanced.

What’s a Drone exactly? Let’s ask Wikipedia:

An unmanned combat air vehicle or combat drone or simply “drone” is an unmanned aerial vehicle that is armed and has no onboard pilot. Currently operational drones are under real-time human control of unknown precision.

TechCrunch

Groupon, Daily Deals and the Complex Question of Business Failure

An econometrics study of failures among businesses that have offered daily deals hints at a bewildering complexity behind this kind of marketing







New on MIT Technology Review

Groupon Will Take Your Order

With its iPad-based point-of-sale service, can it become an “operating system for local commerce”?

This week, Groupon launches a point-of-sale service for restaurants across the country, reports Reuters. (A point-of-sale service, in essence, replaces a cash register.) The service, called Breadcrumb, had been tested in some 100 New York restaurants, bars, and cafes, before the wider launch. The service runs on the iPad–it’s $ 99 per month to authorize one iPad, $ 199 for two, $ 299 for five and $ 399 for up to ten. With Breadcrumb, Groupon begins to look less like a LivingSocial competitor (or vice versa), and more like a competitor to Square or even PayPal (see “The New Money,” by Jason Pontin).







Technology Review RSS Feeds

Groupon Gets Down To Commerce, Releases Newly Acquired Point-Of-Sale App Breadcrumb Bundled With A Free iPad

breadcrumbFour months after buying restaurant-focused, point-of-sale app Breadcrumb, Groupon is putting the acquisition to work in its bid to grow its local commerce business. Today it is launching the iPad app nationwide across the U.S., following a limited pilot in New York — and is throwing in an iPad for those interested in trying it out. The news of Groupon launching more commercial services could not come at a better time as the company’s volatile stock continues to slump.
TechCrunch

Groupon CEO Andrew Mason On Europe: We’re Too Pricey, We’re Missing Tech Mojo, And No One Knows Us

andrew-mason-groupon1
There was once probably a good reason for why Groupon needed to expand aggressively internationally when it did, buying up other daily deal operations, for fast, inorganic growth. But on today’s Q2 earnings call, those reasons didn’t really come up, with CEO Andrew Mason instead providing a lengthy explanation for why international, led by Europe, hasn’t been peforming very well for the company — growing by 31% while North America grew at twice that rate to 66%.

The reasons, Mason said, were threefold: in Europe (the bulk of Groupon’s intl business) the Groupon offers were too expensive for consumers; merchants weren’t as happy with the service; and because of integration issues, Groupon hasn’t been able to implement some of the technology it has developed to lure in more users. But on a wider level, he also noted that people on the street in Europe still don’t have much of a clue of what Groupon actually is.

TechCrunch

Nokia Maps updated with support for Groupon Now! deals

If you love Groupon deals and have a phone capable of running Nokia Maps, then boy does Nokia have the update for you. Today, Nokia’s Pino Bonetti announced that Nokia Maps has been updated and now includes support for Groupon Now! deals. This means that you’re never too far from the next great Groupon deal,

Read The Full Story
SlashGear

Nokia Maps for Windows Phone updated with route planner and Groupon integration

Nokia Maps for Windows Phone updated with route planner and Groupon integration

It feels like it was only yesterday that Nokia handed its Windows Phone Maps application a complete and quite hefty makeover, which, as we know, brought the addition of reviews and friends’ photos to the app. Regardless, Nokia Maps appears to be ready to hit version 2.5, bringing with it an all-new Groupon integration to help US folks find nearby deals and a route planner service that, well, should be pretty self-explanatory. At any rate, WMPoeruser says the update should be hitting the Redmond Marketplace sometime “soon,” but feel free to let us know if you happen to catch it a little bit earlier than others.

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Nokia Maps for Windows Phone updated with route planner and Groupon integration originally appeared on Engadget on Wed, 25 Jul 2012 16:49:00 EDT. Please see our terms for use of feeds.

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Engadget

Groupon shares continue their downward trend, hit all-time low

The company’s shares yesterday hit $ 7.72 before climbing back above their record low to end the day at $ 7.77.
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CNET News

Groupon Exposes Customer Emails In Google Results…Again

Screen shot 2012-06-29 at 06.47.30A while back we wrote about a flaw in Groupon’s email link encryption, which revealed the emails of some Groupon users when “addx” was added into a Google search of Groupon’s site. We’ve been alerted that is still happening, with about 170 emails coming up when we searched (last time around it was less than 80).

The last time around, Groupon director of engineering Shinji Kuwayama told us that the emails were made public because some subscribers had “pasted their deals into publicly-crawlable pages around the Web,” but also that it was working on a solution to exclude those results. So why these are appearing now is unclear. We’re contacting Groupon to see if there is an explanation.

TechCrunch

Groupon Testing Merchant Payment System



An anonymous reader writes with news that Groupon is testing out a service for letting merchants accept credit cards that could put it into competition with PayPal and Square. “Groupon’s nascent payment service comes with an Apple iPod Touch, and a case that wraps around the back of the device, which allows merchants to swipe credit cards.” The fee structure isn’t finalized, but their aim is to be competitive with PayPal and Square. “Groupon may have flexibility to charge lower fees because it could subsidize the payments service from money it makes providing other services to merchants, they said. PayPal’s service, known as PayPal Here, charges a fee of 2.7 percent of the purchase price for all types of credit and debit cards – including those issued by American Express Co.. Transaction fees for processing AmEx cards are often higher. Square charges 2.75 percent per swipe. Groupon’s test service is charging a 1.8 percent transaction fee and 15 cents per transaction, Rocky Agrawal, an industry analyst, reported in a VentureBeat blog late Thursday.”

Read more of this story at Slashdot.


Slashdot

Groupon the sitcom… what?

A new TV show about two guys working at the daily deals Web site is set to air on CBS next season, and it’s confusingly named “Friend Me.”
[Read more]
CNET News

Google Quietly Launches Groupon Now-Like Free Google Offers Across The U.S.

Google Offers (Beta)Google today announced its latest update for Google Maps for Android with support for Google Offers. One interesting piece of this announcement that stood out was that Google Maps for Android users now get access to free Google Offers – think coupons for a free coffee or dessert – through the app. Turns out, that’s actually just a small part of a wider update to Google Offers. Merchants across the U.S. – including towns where Google’s pre-paid offers haven’t launched yet – can now use a new self-service interface to create these free offers.
TechCrunch

Setster Gives All Daily Deal Companies Their Own Groupon Scheduler

setster_logo_square As the daily deal space has become increasingly crowded over the last two years, local merchants increasingly feel pressured to run deals, but for many reasons, they end up overwhelmed by the prospect of managing those deals from start to finish, and the big deals players are failing to help them.

So, Setster has decided to do what LivingSocial, Woot, Gilt, and other deal providers are either too lazy or distracted to do, today launching an API that allows them to offer integrated scheduling packages to local merchants using their platforms. As Setster wrote in its blog post today, daily deal companies are doing an abysmal job of helping merchants close the loop “on the mile of the transaction where [they] have been touching the client.” Their API aims to change that.
TechCrunch

Groupon Acquires Social Recommendation App Ditto.me

Screen shot 2012-04-16 at 6.24.10 PMIt’s a big day for M&A. The latest of today’s deal announcements is the news that Groupon has acquired Ditto.me, the mobile app for discovering and planning new places to go with friends. Ditto announced its sale in an entry on its company blog.

Ditto’s service will eventually be shut down as part of the integration into Groupon, the company said. Financial terms of the deal have not been disclosed.

Ditto was founded by Jyri Engestrom, who was previously known as the co-founder of Jaiku, the microblogging site that was Europe’s early answer to Twitter and was acquired by Google in 2007. Engestrom left the big G in 2009 to re-enter the entrepreneurial space, and the official launch of Ditto followed in March 2011.
TechCrunch

Facebook vs. Groupon: The tale of two IPOs

Groupon rushed its IPO and is now paying the price, while Facebook’s patience is about to be rewarded.
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CNET News

Groupon sued by shareholder over financial revisions

Complaint claims the daily deals site misled investors about the state of its financial health.
[Read more]
CNET News

Iddiction app is like Groupon for apps

The Apple App Store has more than 578,000 apps. That’s awesome. That is, except for the fact that if you’re just browsing through to find an interesting app, you’re likely to be overwhelmed and will never be able to find everything. The answer to that problem, according to a new company called Iddiction, is to [...]
SlashGear

Groupon On A Shopping Spree: Buys Mobile Payment Specialist Kima Labs

groupon logoAnother acquisition for Groupon, and a sign of how the e-commerce company is getting more focused on mobile as a route to future growth: it has picked up Kima Labs, which makes mobile barcode reading app Barcode Hero and mobile payment app TapBuy. The terms of the deal were not disclosed; we’re trying to find out.

The news comes just hours after news broke that Groupon had bought another mobile startup, Hyperpublic, which makes geolocation technology.
TechCrunch

Groupon Acquires NYC-Based Startup Hyperpublic

placesplusGroupon has just acquired Hyperpublic, a NYC-based startup that’s spent the last two years building technology related to geo-location and the layers of information — like deals and events — that live on top of it.

Terms of the deal are not being disclosed, but CEO Jordan Cooper describes it as a “huge win for our team and our investors”. He adds that Groupon was after Hyperpublic’s technology — this isn’t a case of it acquiring the team alone.

TechCrunch

Groupon Ends The Year With $1.6 Billion In Revenues, Up 419 Percent

grouponlogoGroupon just announced its first earnings report after going public last October. For the full year, Google’s revenues were $ 1.6 billion, up 419 percent. The daily deal company, however, lost $ 350 million, most of that attributable to its very aggressive international expansion (7,000 out of its 10,000 employees are overseas). In North America, it turned an operating profit of $ 22 million, which was counteracted by $ 137 million in international operating losses.

For the quarter, revenues were $ 506 million, up 194 percent. The net loss was $ 42.7 million, which at least was down from $ 379 million quarterly net loss the year before. We’ll be doing our liveblog of the earnings call here.
TechCrunch

Groupon Buys eCommerce Data Targeting Startup Adku

Screen Shot 2012-02-06 at 1.22.09 PMI love the smell of acquisitions in the morning! We’ve just heard that Groupon has acquired Adku, a stealth startup that uses big data in order to personalize the online shopping experience for people visiting eCommerce sites like eBay, Amazon and Zappos.

The company built their personalized targeting technology in three months, and have basically been in stealth since they launched at the Angelpad Demo day a year and a half ago. Adku is backed by Greylock Partners, Battery Ventures and True Ventures in addition to being an Angelpad startup.
TechCrunch

Groupon Buys Social Shopping Platform Mertado To Bolster Groupon Goods

Screen Shot 2012-01-20 at 3.46.15 PMWe’ve been hearing rumbles about Groupon taking its Groupon Goods initiative more seriously, and those rumbles have a little more weight today, as the company has acquired Mertado, the social shopping startup that uses Facebook as a distribution platform.

From the Mertado blog:

“Our mission at Mertado has always been to expose a selection of high quality, unique, lifestyle-oriented products to consumers wherever they spend their time. Working toward this goal, we have strived to create shopping experiences that build bridges between content, commerce & community.

TechCrunch

Groupon acquires online retailer Mertado

Groupon Goods may be getting a boost by picking up daily-deal shopping site Mertado.
CNET News

Groupon founder admits to ‘bush-league mistake’ before IPO

Daily deals CEO Andrew Mason defends his performance in guiding the 3-year-old company’s meteoric rise in an interview with “60 Minutes” Lesley Stahl.
CNET News

Groupon Merchant Center Now Shows If Customers Love or Hate Your Deals

Groupon Customer SatisfactionTo combat the lack of transparency around customer satisfaction with daily deals, Groupon today launched a new version of its Merchant Center. It includes the real-time percentage of deal customers who would recommend the business to a friend, plus their comments. Customer satisfaction is a big question for merchants wondering if they should start or continue running daily deals. Data on satisfaction rates is scarce, though. Worse,  a 2010 study showed that just 36% of customers spend more than the value of a deal, and just 20% return to the business. The feature could be a double-edged sword, encouraging retention or desertion depending on a merchant’s feedback.
TechCrunch

Groupon In Talks To Acquire Clever Sense, The Startup Behind ‘Alfred’

alfredshotGroupon is in late-stage negotiations to acquire Silicon Valley-based startup Clever Sense, we’re hearing from a source. Clever Sense is the company behind Alfred, a popular ‘butler’ app for your phone that makes restaurant and activity recommendations based on your taste preferences. The company was founded in 2008 and has raised around $ 1.5 million to date.

Clever Sense declined to comment, and we’re waiting to hear back from Groupon.

If you haven’t used it before, Alfred might sound a lot like Yelp, and various other recommendation engines. The key difference is that Alfred is focused on keeping the number of taps required to generate a recommendation to a minimum — based on the time of day, the restaurants you’ve eaten at previously, and other factors, the app can generate a recommendation for lunch or coffee in a tap or two (find our past coverage here and here).

TechCrunch

Wall Street Beat: Mixed news for chips as Groupon IPO soars

There was mixed news on PC and microprocessor market growth this week, while the Groupon initial public offering Friday showed that there are plenty of people betting that social media will continue to drive technology trends.
Computerworld News

The Groupon IPO: What’s Everyone Worth?

Screen Shot 2011-11-04 at 5.09.52 PMAfter going from selling slippers with flashlights to being a 10,000 employee-strong business in three years, Groupon had its initial public offering today, to much fanfare and well, the opposite reaction. The offering was priced at $ 20 and experienced an exuberant opening pop of $ 28, which after a day of trading settled down a bit to close at $ 26.

TechCrunch

Groupon shares soar in early trading

The daily-deals provider has gone public, and so far, it has seen shareholders jump at the chance to buy into its stock.
CNET News.com

Groupon IPO Shares Pop 40% On First Trade, Debuts At $17.8B Market Cap

Screen Shot 2011-11-04 at 6.34.46 AMAfter some timing drama, daily deal site Groupon finally has begun trading on the NASDAQ this morning, in the most hotly anticipated and largest Internet company IPO since Google. The company — which trades under the ticker $ GRPN — priced its shares at $ 20 last night, but began trading at $ 28 , an increase of %40  .

Like LinkedIn,  Groupon is only floating a small amount of shares,  35 million – about 5.5% of its 637.3 million shares outstanding. The first trade would pin its market cap at 17.8B and mean that it has raised 980 million.

TechCrunch

Is the Groupon IPO a good deal?

Chicago-based Groupon has established itself by selling online coupons for local businesses. Tech companies and investors will be closely watching as the 3-year-old company goes public later this week. CNET’s Kara Tsuboi reports.
CNET News.com

IPOH!: Groupon Becomes Its Own Hot, Discounted Deal

Screen shot 2011-10-25 at 2.45.49 AMWith the Groupon roadshow underway and the countdown to its IPO expected to culminate on November 4th, the long-anticipated arrival of the daily deals giant on the public markets is almost at hand. But the journey hasn’t been without its fair share of hiccups. While the company currently owns a 54 percent share of the daily deals market and there were some bright spots in its third quarter earnings report, the daily deals juggernaut has fallen from a once hoped-for $ 25 to $ 30 billion valuation to one that will likely be around $ 11.4 billion.

Comparatively speaking, going with that questionable early valuation from its underwriters, at as much as 62 percent off, Groupon itself now represents one helluva deal for the eager coupon clipping investor. Thanks to some hilarious characters on the team at Runningshoes.com, we now have an awesome mock deal in which Groupon itself is offering its common stock for the discounted price of $ 16 a share.
TechCrunch

Groupon To Sell 30M Shares At $16-$18 A Pop, Valuation As Much As $11.4B

grouponAnd so it begins. Groupon this morning published the expected price range of its shares in an upcoming initial public offering to the SEC.

The daily deals company plans to sell 30 million shares at $ 16 to $ 18 per common stock, which would see Groupon raise between $ 480 million and $ 540 million. This would give Groupon a valuation as high as $ 11.4 billion.
TechCrunch

Groupon cutting size of IPO, report says

Daily deals provider plans to offer only 10 percent of its company for sale, which it will value at $ 12.5 billion, sources tell the Wall Street Journal.
CNET News.com

Groupon gets into direct e-commerce with Groupon Goods

Top daily deal maker moves into online retailing, taking on the likes of Amazon, Wal-Mart, eBay, and Best Buy.
CNET News.com

Deal Decor To Launch A Groupon For Furniture

deal-decor-logoI’m not often the fan of startups that are “the this, for that,” but I think I could get into something like Deal Décor: it’s the Groupon for furniture. This San Francisco-based startup is using the group-buying model made popular by Groupon to connect customers with factory-direct deals from overseas furniture manufacturers.

The company is launching on Monday in San Francisco, which will serve as the pilot program for the service for 6 months. Afterwards, the plan is to launch in one new city every month, scaling up to reach the 20 largest metro areas in the U.S.
TechCrunch

Groupon Loses Second COO This Year — And Restates Revenue

screen-shot-2011-04-21-at-11-01-15-amGroupon has lost its second COO in six months.

Back in March of this year, Rob Solomon, who joined the company in March 2010, announced that he would be leaving the company. A month later, Groupon hired former Google VP Margo Georgiadis to replace him.

And today, just five months after she joined the executive team, Groupon is announcing that Georgiadis is leaving the company to re-join Google as President, Americas. Given that Groupon is currently in the process of going public, this doesn’t seem to bode well for the company. In the blog post announcing the news, Groupon CEO Andrew Mason vaguely attributes the departure to the fact that Groupon added 8 members to its executive team since the beginning of the year, and says that it’s rare for any company to “bat 1000%”.
TechCrunch

Groupon slashes reported revenue by half, COO exits after 5 months

Chicago-based company is slashing its reported revenues by half–from $ 713.4 million in 2010 down to $ 312.9 million–in accordance with accounting revisions prompted by the SEC.
CNET News.com