Seeking Alpha
 

Groupon, Inc. (GRPN)

- NASDAQ
  • May. 7, 2013, 5:35 PM
    Notable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX
    | Comment!
  • May. 6, 2013, 12:45 PM
    Groupon's (GRPN -5%) Q2 guidance will likely miss consensus when the company delivers its Q1 report on Wednesday, says Piper's Gene Munster in a note that's pressuring the daily deals leader. Munster was bullish on Groupon prior to its Q4 disaster; shares have since recovered most of their post-earnings losses.
    | 2 Comments
  • Apr. 26, 2013, 5:12 PM
    Top Groupon (GRPN) rival LivingSocial says 50M customer accounts were hacked. Names, e-mail addresses, and encrypted passwords were accessed, but not credit card numbers. The breach comes shortly after Amazon (AMZN), which owns 29% of LivingSocial, provided more dispiriting financial data for the daily deals site in its Q1 10-Q. Though LivingSocial's revenue rose 23% Y/Y in Q1 to $135M, it also posted a $50M net loss. (2012 figures)
    | 3 Comments
  • Apr. 11, 2013, 1:53 PM
    Groupon (GRPN +6.6%) rallies after Gene Munster argues the company could deliver a Q1 daily deals take rate of 33%, something the Piper analyst believes would translate into revenue of $607M (above a $590.2M consensus). Munster was also bullish on Groupon going into its not-too-well-received Q4 report.
    | Comment!
  • Apr. 9, 2013, 12:30 PM
    Groupon (GRPN -1%) hires Sri Viswanath, until recently the head of VMware's (VMW) mobile R&D efforts, to be its SVP of engineering and operations. The hiring comes as Groupon invests heavily in creating a broad assortment of local commerce tools/services for merchants, as its mainstay daily deals business continues to slump. (PR)
    | Comment!
  • Apr. 8, 2013, 10:15 AM
    Alibaba expands its daily deals business to Hong Kong and Taiwan, a move that presents fresh competition for Groupon (GRPN -2%). Alibaba already runs the most popular daily deals site in China, under the name of its Taobao e-commerce site, and claims to already have 2M+ registered users in Hong Kong and Taiwan. Groupon opened a concept store in Hong Kong last November.
    | Comment!
  • Apr. 5, 2013, 4:14 PM
    Another Friday, another rally for well-shorted Internet stocks. Though Zynga (ZNGA +3.2%) may have benefited from news it's adding John Doerr to its board, most Internet names with large short interests that posted big gains did so in the absence of major news. Groupon (GRPN +5.9%), a frequent participant in such rallies, was among the standouts, as were Yelp (YELP +8.5%), Zillow (Z +3.8%), and OpenTable (OPEN +4.6%).
    | 3 Comments
  • Apr. 4, 2013, 6:08 PM
    Groupon Goods (GRPN) scores a deal to be the exclusive seller of Asus' 7" MeMO Pad Android tablet on its launch day (April 6). Though the deal, in which the tablet and a case are sold at a discounted price of $160, won't make or break Groupon's quarter, it's a sign of the traction Groupon is starting to make in landing e-commerce deals with major brands. Groupon Goods sales have been surging even as daily deals revenue declines, but margins remain a challenge. (Groupon/Starbucks)
    | Comment!
  • Apr. 2, 2013, 10:24 AM
    Groupon (GRPN -6.9%) "has a largely unproven business model, a wide ranging global business mix in transformation, and is undergoing a management change," writes UBS' Eric Sheridan. The daily deals leader is the only company given a Sell rating in a coverage launch for Internet stocks. Google (GOOG +0.6%), eBay (EBAY +1.1%), Yahoo (YHOO +1.2%), AOL (AOL +0.7%), Yelp (YELP +2.4%), and InterActiveCorp (IACI +2.1%) have been started at Buy, and Amazon (AMZN +0.4%), Facebook (FB +1.3%), LinkedIn (LNKD -0.2%), and Zynga (ZNGA +0.3%) at Neutral.
    | Comment!
  • Mar. 22, 2013, 2:05 PM
    To no one's surprise, Starbucks (SBUX) customers like the idea of getting Hazelnut Macchiatos at half-price. A Groupon (GRPN +4.6%) deal in which $10 Starbucks gift cards are being sold for $5 has disrupted Groupon's site and (according to a Starbucks spokeswoman) yielded over 100K sales today. The promotion also seems to be giving a lift to Groupon shares, which have a history of seeing Friday short-covering rallies.
    | 7 Comments
  • Mar. 15, 2013, 9:08 AM
    Groupon (GRPN) gets a boost as Legg Mason's Bill Miller calls the opportunity a "tremendous" one for investors. GRPN +5.5% premarket to $5.35.
    | 2 Comments
  • Mar. 13, 2013, 8:59 PM
    Groupon (GRPN) chairman Eric Lefkofsky "is a brilliant guy ... But his greed overwhelms his intelligence. It drives him to make short term decisions ... And he does not mind if other people get burnt." Thus speaks a former Groupon exec in an expose by The Verge's Ben Popper. Sources suggest Lefkofsky and the controversial Samwer brothers (behind Groupon-acquired CityDeal) were bent on short-term growth (fueled by dramatic salesforce expansion) at all costs, and that Andrew Mason was made "the fall guy for Groupon’s public plunge." (previous)
    | 3 Comments
  • Mar. 5, 2013, 6:06 PM
    More on Groupon: Conducting a post-mortem on Groupon's fall, Pando Daily's Sarah Lacy blames a failure to understand the wants of its customer base, an inability to "come up with a model that was sustainable for the bulk of small businesses," and a flawed international strategy that relied on outside MBAs and local copycats. Lacy, whose site is backed by VC firms, suggests "arrogance and lousy execution" doomed a concept that may have otherwise worked, while predicting a "Groupon 2.0" will emerge due to the still-huge potential of online small business marketing.
    | 1 Comment
  • Mar. 5, 2013, 5:49 PM
    Groupon (GRPN +4.1%) CFO Jason Child doesn't see "any business model changes" taking place in the wake of Andrew Mason's firing. He adds Groupon will take its time in finding Mason's replacement, and promises its miniscule e-commerce gross margin will improve as it gets better at managing shipping. Child, once an Amazon exec, draws a parallel between Groupon's struggles and Amazon's post-bubble woes. "A bunch of us went through a time of being misunderstood... which certainly feels appropriate now."
    | Comment!
  • Mar. 1, 2013, 5:47 PM
    Andrew Mason is indeed gone from Groupon's (GRPN) board, the company states in an 8-K. However, his departure from the board is deemed a resignation. Groupon also discloses it paid over $4M in 2012 to businesses associated with chairman Eric Lefkofsky, including $150K to a law firm founded by his brother. The Verge's Ben Popper points out Lefkofsky, who owns 28% of Groupon's voting rights, has a checkered business history. "Mason was an ambitious young entrepreneur who got into bed with a man who's run a very dirty game many times before." (earlier)
    | Comment!
  • Mar. 1, 2013, 3:52 PM
    Andrew Mason might be gone from Groupon's (GRPN +9.6%) board as well: a source tells Bloomberg's Doug MacMillan an SEC filing disclosing the fired CEO's board removal is on tap. If true, that would suggest a major falling out between Mason and exec. chairman Eric Lefkofsky. Groupon has now won back a sizable chunk of Thursday's huge post-earnings losses. (earlier)
    | Comment!
Visit Seeking Alpha's
GRPN vs. ETF Alternatives
Company Description
Groupon Inc provides a local e-commerce marketplace that connects merchants to consumers by offering goods and services at discount. The Company features a daily deal on stuff to do, see, eat, and buy.