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Groupon, Inc. (GRPN) Presents at Morgan Stanley Technology, Media and Telecom Broker Conference Call - (Transcript)

Mar. 01, 2021 11:30 PM ETGroupon, Inc. (GRPN)
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Groupon, Inc. (NASDAQ:GRPN) Morgan Stanley Technology, Media and Telecom Conference March 1, 2021 3:30 PM ET

Company Participants

Aaron Cooper - Interim CEO

Conference Call Participants

Matthew Bombassei - Morgan Stanley

Matthew Bombassei

All right. Good afternoon, everyone, and welcome to the Morgan Stanley TMT Conference. My name is Matt Bombassei, and I work on Brian Nowak Internet team here at Morgan Stanley.

Today, we are pleased to be joined by Aaron Cooper, CEO of Groupon. Prior to becoming CEO of Groupon, Aaron served as President of Groupon's North America business. Aaron, thanks for being with us today.

Aaron Cooper

Thanks so much for having me.

Matthew Bombassei

Absolutely. Before we jump in, I just have to run through the requisite disclosures. For important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales representative.

Some of the statements that Groupon will make today may be considered forward-looking. These statements involve a number of risks and uncertainties that could cause actual results to differ materially. Any forward-looking statements that Groupon makes are based on assumptions as of today, and Groupon undertakes no obligation to update them. Please refer to Groupon's Form 10-K for a discussion of the risk factors that may affect its actual results. All right, let's dive in.

Question-and-Answer Session

Q - Matthew Bombassei

So Aaron, starting off at a high level, you transition to the CEO role in the midst of a pandemic and really quite a transformational period for Groupon. What do you think are some of the biggest takeaways and learnings over the past 11 months as you've navigated through this pandemic?

Aaron Cooper

Thanks, and thanks for leading off with a question. Listen, when we look back at the last 11 months, the #1 thing

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