When did Groupon go public?
Nov. 4, 2011
Groupon (Nasdaq: GRPN) shares closed at $3.94 Thursday, erasing a year of gains and marking its anniversary down 85 percent since the company’s IPO on Nov. 4, 2011.
Is Groupon publicly traded?
Initial public offering On June 2, 2011, Groupon filed to go public under the ticker symbol GRPN. The company went public on November 4, 2011. It was the biggest IPO by an Internet company since Google in 2004.
How does Groupon recognize revenue?
The Company recognizes revenue from Groupons when the following criteria are met: persuasive evidence of an arrangement exists; delivery has occurred; the selling price is fixed or determinable; and collectability is reasonably assured.
What does Groupon do?
Groupon is a website and mobile app that offers coupons, cashback on purchases and group deals to consumers. Restaurants, retailers, and manufacturers use Groupon deals in an effort to lure customers into their establishments or to purchase their products.
Does anyone still use Groupon?
Number of Groupon active customers 2009-2021 As of the second quarter of 2021, the daily deal site Groupon had 24.9 million unique customers who had bought at least one of Groupon’s deals during the trailing 12 months.
Who is the CEO of Groupon?
Aaron Cooper (Mar 25, 2020–)
Groupon/CEO
Aaron Cooper is the Interim CEO at Groupon, an online marketplace with around 4,000 employees globally. Prior to that he had worked in several other roles at Groupon including president of North America, Chief Marketing Officer, head of Global Travel, Head of North America Services and Head of North America Goods.
Who is Groupons competitor?
LivingSocial is Groupon’s main competitor, and they serve in 26 cities across the U.S. and have received about $44M in funding. LivingSocial’s model is somewhat different from Groupon’s, as there is no minimum number of people needed to make the deal valid.
Who is CEO of Groupon?
Is Groupon still profitable?
31, 2018, Groupon reported $5.2 billion in gross billings and $2.6 billion in revenue. According to its 2018 annual report, revenue was down from $2.8 billion the prior year. The company reported an active customer base of 48.2 million as of Dec. 31, 2018, down from 49.5 million the year before.
Are there any disadvantages to the merchant in using Groupon works?
What are the downsides? It mainly comes down to cost. The average Groupon deal gives customers a 50% discount on your products or services. Groupon then takes a 50% cut of that.
Why is Groupon so cheap?
Because the Groupon customer base is made up of deal-seekers and bargain shoppers they might not be willing to purchase beyond the value of the coupon. So, there are low rates of spending and low rates of return.
How much percentage does Groupon take?
Groupon takes 50% of the sales revenue as its service fee. The deal will generate $1,500 in revenue from 30 new customers, and of that amount $750 goes to the salon and $750 goes to Groupon. Once a deal is advertised, consumers who purchased the Groupon receive it regardless of how many were purchased.