Peter Krasilovsky's

Local Onliner

Feb 28
2013

Next Steps For Groupon As Andrew Mason Departs

It was just a matter of “when,” but Groupon has finally relieved Andrew Mason of his CEO duties after a quarter in which Groupon widely missed its mark because of its very high expenses and serious international issues, despite growing 30 percent year over year. Vice Chair Ted Leonsis and Executive Chair Eric Lefkofsky will …continue reading »

Categories: Deals

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May 12
2012

Groupon Rewards Rolls Out Nationally

Groupon Rewards — “the easiest rewards program in the world” — rolled out nationally this week after tests in 36 markets that began in October. The product is Groupon’s answer to the emerging “transaction marketing” space that many believe will be the natural successor to the daily deals business. BIA/Kelsey Marketplaces has counted more than …continue reading »

Categories: Deals, Shopping/Transactions

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Mar 29
2012

ILM East: Ted Leonsis – Local’s All About Scale, ‘New Currencies’

Ted Leonsis, Groupon Vice Chair, American Express Board Member and Internet Pioneer , emphasized the importance of scaling for local in a global economy during a keynote at ILM East yesterday. “Indiana really matters. India matters more,” said Leonsis, pointing out that for larger companies, most growth will come from outside the U.S. The way …continue reading »

Categories: Conferences, Deals, Mobile, Money, Shopping/Transactions, Social Media, Verticals

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Dec 8
2011

Merchant Circle SMB Survey: 12% Have Used Deals

How many small businesses have done a deal at this point? 12 percent, according to a new survey of 2,500 SMBs by Merchant Circle. That’s about a third higher than Merchant Circle’s June survey. The survey also found a lot of Facebook ad usage. About 23 percent of local merchants report having tried Facebook Ads …continue reading »

Categories: Deals, Google

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Nov 16
2011

Strong Holiday Outlook for Deals

Black Friday and Cyber Monday for holiday shopping are bed rocks of the nation’s economy. Where do deals fit in? As Bloomberg reports, Yipit Data forecasts that U.S. consumers will spend $80 million to $100 Million on daily deals gifts between Thanksgiving and Christmas, up from $15-$20 Million in 2010. A separate poll of 10,000 …continue reading »

Categories: Deals, Shopping/Transactions

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Nov 4
2011

Groupon’s Successful IPO

Image Source: Reuters via New York Times Groupon’s final IPO price went from dank estimates of $10-12 to $20 by the time it was priced, raising $700 million on a relatively small offering of its shares. That puts the company’s value at around $20 Billion, by some estimates. As it turned out, the price could …continue reading »

Categories: Deals, Money

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Nov 2
2011

Reassessing Groupon Prior to Its IPO

Image Source: Mashable Groupon’s greatly reduced IPO is apparently set to take place on Friday, November 4 in an environment much less friendly than originally envisioned last spring. The bloom has come off for a number of reasons. Groupon has almost no barriers to entry and has had to contend with dozens and dozens of …continue reading »

Categories: Deals, Money, Shopping/Transactions

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