Who were the founders of Groupon?
The company’s name is a portmanteau of group and coupon. Groupon was cofounded by Andrew Mason, Eric Lefkofsky, and Brad Keywell in 2008. Headquarters are in Chicago. Groupon makes money from fees paid by merchants whose customers use their coupons, and the businesses gain attention and patronage from consumers. Groupon isn’t the only company that offers this service—it competes with RetailMeNot, Rakuten, Slickdeals, DealPlus, and many others.Introduction. Andrew Mason is the founder of Groupon, a Chicago-based Internet company that offers discounted gift certificates that are localized to major markets. The name is a composite of the words group and coupon. He also founded an audio and video editing tool, Descript.
Who is the CEO of Groupon?
Dusan Senkypl Dusan co-founded Pale Fire Capital in 2015 and serves as Chairman and CEO. In conjunction with his appointment to Groupon CEO, Dušan will be stepping down from day-to-day responsibilities at Pale Fire Capital. On May 7, 2024, Dusan was appointed permanent CEO. Dusan is an entrepreneur by trade. Chief Executive Officer & Director, Groupon, Inc. Mr. Senkypl is the founder of Pale Fire Capital SE, founded in 2015, where the title held is Partner since 2015. Current jobs include Chief Executive Officer & Director at Groupon, Inc.
Is Groupon profitable?
According to the 2 industry analysts covering Groupon, the consensus is that breakeven is near. They expect the company to post a final loss in 2025, before turning a profit of US$26m in 2026. The company is therefore projected to breakeven just over a year from now. However, the last few years have presented a real challenge for the business, which has seen its financial results slump. From an all-time high of three billion U. S. Groupon’s revenue dropped to just under half a million in 2024.Groupon is a great way for businesses to get noticed, but it also comes with some drawbacks. When businesses list deals on Groupon, they have to offer steep discounts, and then Groupon takes a big cut of the revenue. That means less money going back into improving our lanes, food, arcade, and overall experience.Explore other competing options and alternatives. Other important factors to consider when researching alternatives to Groupon include price and customer service. The best overall Groupon alternative is Vagaro. Other similar apps like Groupon are Travelzoo, dealsaver, Localflavor, and Gilt.
Where is Groupon’s headquarters?
Where is Groupon located? Our headquarters and principal executive offices are located at 35 West Wacker Drive, Chicago, Illinois 60601. Our headquarters and principal executive offices are located at 35 West Wacker Drive, Chicago, Illinois 60601. How many employees does Groupon have? As of December 31, 2021, we have more than 3,500 employees working across all our offices.
What is Groupon’s net worth?
Groupon net worth as of October 26, 2025 is $0. B. The customers they won with damagingly low deals on Groupon did not become loyal customers but moved on to exploit the next amazing deal, leaving small businesses with only the costs. As a result, they pulled back from their deals, and Groupon had to expensively acquire new businesses to keep the deals site full.Through our study, we’ve discovered that Groupon is losing roughly $1,117,808 per day (or $408 million/year), and that’s a conservative estimate.However, two years after going public, Groupon remains unprofitable. As Forbes contributor Joan Lappin notes, Groupon still remains as an enterprise in search of a way to make its first dollar of real profits for its public shareholders. What are the reasons behind Groupon’s weak profitability?
What is the history of Groupon?
Born from The Point, Groupon was launched in November 2008. The name for the e-commerce platform, Groupon is a portmanteau of group and coupon. Groupon’s first deal was a two-pizzas-for-the-price-of-one offer at Motel Bar, a restaurant on the first floor of its building in Chicago. On November 30, 2010, it was reported that Google offered $5. Groupon and was rejected on December 3, 2010. After the rejection of the Google/Groupon buy-out, Groupon proceeded with their own initial public offering.The customers they won with damagingly low deals on Groupon did not become loyal customers but moved on to exploit the next amazing deal, leaving small businesses with only the costs. As a result, they pulled back from their deals, and Groupon had to expensively acquire new businesses to keep the deals site full.Google offered to buy Groupon, then a two-year-old local e-commerce startup, for $5. But the deal fell through for three main reasons, according to writer Frank Sennett, the author of a forthcoming book on the company. Google offered a $800 million breakup fee.Quarter in Review: Financial and Operating Highlights. During the period, Groupon beat GAAP revenue expectations by $3. GAAP revenue. The company delivered net income from continuing operations (GAAP) of $20. GAAP net loss of $9. Q2 2024.