Dec 11, 2014
Itâs coming together! Also, Iâm getting really good at wrapping it with just one hand.
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Itâs coming together! Also, Iâm getting really good at wrapping it with just one hand.
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Google Offers Versus Groupon: The Portland Throwdown
Google Offers Versus Groupon: The Portland Throwdown
Itâs still the early days of the daily deal business and Google has put out a very credible beta in Portland. Thirty days in, I stand by my claim that thereâs not much that is original here.
I believe that theyâre striking a better balance between merchant and consumer value than Groupon. The additional restrictions mean that merchants arenât just selling cash at a substantial discount. Another key differentiator for merchants is more generous payment terms. Google pays out 80% of the merchantâs share in about 4 days and the remainder (subject to chargebacks) in about 90 days. Groupon pays out 1/3 in 5 days, 1/3 in 30 days and 1/3 in 90 days.
Groupon is expected to earn $4 billion by 2015. I've already continued to their success. I enjoy waking up to see what the 'daily deal' is.
"Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein visited the Chicago headquarters of Groupon Inc. yesterday to pitch executives on hiring his firm for a possible share sale, a person familiar with the matter said.
Morgan Stanley is also in talks with Groupon to arrange an initial public offering, said the person, who asked not to be identified because the discussions are private.
Goldman Sachs aims to win the mandate to handle a sale for Groupon, a two-year old company that rebuffed a $6 billion takeover offer from Google Inc. last month. The startup this week announced a round of funding said to value it at $4.75 billion and now is weighing an IPO that may give it a $15 billion valuation, people familiar with the matter have said. Source: Bloomberg.com
"Groupon is a deal-of-the-day website that is localized to major geographic markets in the United States, Canada, Brazil, Germany, France, the United Kingdom, Italy, Portugal, Spain, Japan,Poland,Turkey Mexico and Romania. Launched in November 2008, the first market for Groupon was Chicago, followed soon thereafter by Boston, New York City, and Toronto. As of October 2010, Groupon serves more than 150 markets in North America and 100 markets in Europe, Asia and South America and has amassed 35 million registered users." Wikipedia.org