Facebook isn't exactly picking the best time to go public. But it looks like it probably won't matter.
Shares of Groupon surged 23% in premarket trading Tuesday after the daily deals company reported narrower losses and better-than-expected sales, giving investors hope that the company can steady its ship.
All three U.S. stock indexes closed down roughly 1% Monday. Investors sold out of stocks on worries over the political and economic stability of the eurozone and the safety of the U.S. banking sector.
As Wall Street makes final preparations for the largest technology debut by value in history, it has also faced what some bankers and investors have come to see as a series of snubs from Facebook.
U.S. stocks were poised to open slightly lower Tuesday, with a potentially choppy day of trading ahead on a quiet week for investors.
Facebook will permanently halt trades of its stock on private secondary markets at the end of this week. The move is to allow the social network to finalise its shareholder list and tighten information pathways leading up to its initial public offering, expected in May.
Welcome to the big leagues, Groupon. Shareholders punished the stock after the daily deals site posted a surprise loss for its first quarter as a public company.
Facebook has played a big role in the private trading markets that allow eligible investors the chance to snap up shares of hot Internet companies years before they go public.
If there's a crown jewel in the world of initial public offerings, it's Facebook.
Facebook may be gearing up for one of the biggest initial public offerings ever, but it may get a bargain in at least one part of the deal: bank fees.
Going public hasn't stopped Groupon from instituting its out of the box marketing campaigns. Check out Groupon's newest feature and you'll find yourself staring into the big brown eyes of Clicky, the Clickable Value-Wheel.
The tech IPO market heated up in 2011 with Groupon, Zynga, LinkedIn and Pandora. But the two biggest names, Facebook and Twitter, remain private with no easy way for investors to buy shares directly.
Turns out there's billions to be made from FarmVille cows and crops. Zynga priced its initial public offering at $10 a share late Thursday, a mark that values the gamemaker at about $7 billion.
Groupon, LinkedIn and Pandora may have all plunged from the prices they hit on their first day of trading.
If Facebook and Wall Street become friends, will you like it?
Today's daily deal: Groupon's stock.
This holiday week hasn't been a happy one for Groupon. Its shares took a major hit for two days in a row.
A quick scroll through the mail on my smartphone yields attractive offers to stay at a Victorian estate on the California coast, check in at a chic New York boutique hotel for less than $125 per night or escape to Tanzania for a six-night safari.
Private equity firm Bain Capital, one of the early investors in the social network LinkedIn, announced that it is dumping its entire stake in the company, which is worth more than $275 million.
U.S. stocks stayed under pressure with all major U.S. indexes falling about 2% for the week. Investors remained wary over whether Greece could default on its debt and what that might mean for the global financial system.
Shares of daily deals site Groupon closed at $26.11, roughly 31% above their initial offering price in the public debut of the stock on Friday.
Everyone is talking about Groupon's IPO today. Even the news stream from Europe was overshadowed for a moment while the second largest U.S. Internet IPO took place.
Daily deals site Groupon priced its initial public offering at $20 a share late Thursday, the last step on a rocky journey to its debut.
Groupon is poised to start trading publicly, but the road to an initial public offering for the popular daily deals site has been rocky -- and one that skeptics say is reminiscent of the dot-com bubble.
Alternative investing marketplace SecondMarket has raised $15 million -- the latest sign of the healthy demand for private tech companies.
Groupon is setting its sights lower, reducing how much it hopes to raise in its initial public offering by 28% to $540 million, the daily deals site announced early Friday in a regulatory filing.
Groupon, always good for a discounted pizza or spa treatment, is adding gadgets and other goods in an e-commerce expansion.
Every time Groupon revises its accounting to strip away another feat of financial gymnastics, the picture grows grimmer.
You've taken the first step, good for you.
Groupon's success in the daily deals space spawned hundreds of copycat sites and inspired big companies like Google to hawk their coupon services. Skeptics said the near-immediate market saturation meant Groupon's business was easily replicated -- and therefore doomed.
Facebook has decided to shut down Facebook Deals, its four-month-old Groupon competitor.
Look at how the shares of young tech companies are doing these days, and you might think you've got a bad case of déjà vu.
When Groupon filed in early June to go public, the daily deals company drew a barrage of criticism for its reliance on an unorthodox accounting practice that masked some of its losses. Bowing to the critics, Groupon amended its IPO filing on Wednesday to strip out the odd metric.
Business social network LinkedIn released its first financial results since its initial public offering in May, and reported a surprise profit on sales that beat analysts expectations.
Twitter has landed a major influx of cash to help it expand: The five-year-old social media company said Monday that it has just wrapped up a "significant" funding round led by venture firm DST Global.
When the owner of the Hillbrook Inn went looking for ways to boost business, she turned to a new and increasingly popular tool: daily deal sites like LivingSocial and Groupon.
Go beyond the scissors and the Sunday paper to save even more. Here are some of the best web sites and smart phone apps for finding coupons and other ways to save.
"Inventory overhang drove furniture prices down as much as 25% in 2008, but they're going back up," says industry analyst Jerry Epperson of Mann Armistead & Epperson. That's for new pieces, mind you.
Lauren Liggett, a 22-year-old college student from Carthage, Mo., found herself hooked the moment she saw the pilot episode of the TLC reality show "Extreme Couponing" in December. She began scouring the Internet for couponing websites, bought copies of the Sunday newspaper for the circulars, and headed to the grocery store to shop for her family -- her mom, Joyce, a realtor, and her dad, Larry, a retired IBM engineer who works part-time as a car salesman. The Liggetts are not struggling financially -- they have a low-six-figure income -- but since Lauren lives at home and her parents are paying for college, she wanted to help out. On that first shopping trip, she presented her coupons to the cashier and felt the adrenaline rush of watching her total drop from $263 to $50. "Pretty good for my first time!" she recalls.
Say sayonara to the days of loading up your grocery cart (or your restaurant tab) with cheap eats. Prices of meat, poultry, fish, and eggs have risen nearly 10% over the past year.
Lauren Liggett, a 22-year-old college student from Carthage, Mo., found herself hooked the moment she saw the pilot episode of the TLC reality show "Extreme Couponing" in December. She began scouring the Internet for couponing websites, bought copies of the Sunday newspaper for the circulars, and headed to the grocery store to shop for her family -- her mom, Joyce, a realtor, and her dad, Larry, a retired IBM engineer who works part-time as a car salesman.
Banks have found a new revenue stream -- and this time, it doesn't involve hitting you up with a new fee.
There's a new front in the daily-deals battle: The fight to be the first to successfully blow up and reinvent the business model.
Call it "the Groupon effect": Investors are flinging money at sites that help consumers pinch their pennies.
Zynga is preparing for an initial public offering, and a filing could come as early as next week, according to those with knowledge of the company's plans.
U.S. stocks were headed for a sharp sell-off at Friday's open, following a weak report from the government showing a disappointing slowdown in job growth.
What do fire dancing classes, gorilla suits, and the unholy sounding "Grouspawn" have in common? They're various quirks touted in Groupon's IPO filing, which offers a lively spin on a usually dry set of regulatory documents.
Groupon filed on Thursday to raise as much as $750 million in an initial public offering, revealing a short history filled with skyrocketing sales and steep losses.
Andrew Mason wanted to show how he's grown since founding and leading Groupon.
Add weekend getaways to the restaurant deals, yoga classes, cooking lessons and laser treatments Groupon dangles in front of bargain-hungry consumers. The daily deal company is set to roll out travel discounts through a partnership with Expedia.
Groupon Now, a mobile app that connects customers with real-time coupons for retailers in their vicinity, launched in New York and San Francisco on Wednesday, the next phase of a gradual nationwide roll-out.
updated: Wed May 25 2011 15:26:00
In his new CNN.com Opinion piece, LZ Granderson explains why he is a 'Grouponaholic.'
There's a deliciously seductive power to Groupon, isn't there?
As hot tech companies line up to test the IPO market, trading in restricted, private markets softened last quarter.
Daily deals site Groupon is linking up with the country's largest concert promotor, Live Nation Entertainment.
Groupon is believed to be the fastest growing startup in history, zooming in less than three years from nothing to a staff of 6,000 and annual sales that will reportedly top $3 billion this year.
Facebook on Thursday introduced a program that, in effect, offers consumers a financial incentive to watch ads on the site.
Guns, abortion and Donald Trump: Three topics so controversial that Groupon doesn't want its brand anywhere near them.
The online coupon market has been exploding in the last year or so. Just look at some of the startups offering this service: Groupon, LivingSocial, Scoutmob, OpenTable, zozi, SCVNGR LevelUp, viagogo, Google Offers and many others.
Romil Patel is a Chicago-based entrepreneur and investor who writes about the tech industry on his blog, Venture Level.
Spurned by daily-deal site Groupon, Google is now testing Google Offers, its own service for sending users deeply discounted offers for local businesses, starting with Portland, Oregon.
Google Latitude, the search giant's location-sharing mobile app, is launching checkin offers nationwide, giving users the ability to unlock discounts with a handful of launch partners.
updated: Fri Apr 01 2011 17:32:00
CNN's Phil Han takes a look at some of the best April Fools' Day pranks.
Search giant Google on Friday debuted a "motion-controlled" e-mail system that lets users write digital messages by moving their bodies instead of typing on keyboards, which Google says are "outdated" and "inefficient."
After Gilt Groupies changed the 12 o'clock hour and Groupon made vouchers cool, users may finally be over it all.
updated: Mon Mar 21 2011 16:33:00
Robert DeNiro, Bradley Cooper and Abbie Cornish answer your questions about their upcoming film "Limitless."
You may think you've done it all: You're careful with a buck, don't overindulge, and stash away as much as you can for future goals. But while it may not seem as if there's any more you can comfortably squeeze from your budget, there are ways to save more -- 10 pretty painless ways, in fact, to save $50,000 or more in almost every aspect of your life, from your everyday bills to your taxes and investments.
Groupon is fervently preparing for its most ambitious venture yet: the launch of a new mobile application that the company hopes will change when and how society chooses to eat, shop and play.
Location-based social networks Foursquare, Gowalla, and Loopt have collectively raised almost $50 million in funding from investors, and racked up around 13 million users.
Microsoft has dialed up its competition in the search-engine wars with the introduction of a daily deals facility on Bing.
A day after Groupon offered $20 off of $40 worth of flowers and gifts from FTD, users are calling the deal a scam.
Groupon founder Andrew Mason has pulled a series of controversial ads that began running during the Super Bowl, saying "one thing is clear -- our ads offended a lot of people."
updated: Fri Feb 11 2011 11:13:00
CNN's Jason Carroll reviews advertising's biggest night, with some 30-second spots that made a big impact.
After taking 24 hours of online flak for a set of cheeky Super Bowl ads that critics say went too far, Groupon founder Andrew Mason has explained, but not apologized, in a blog post.
Groupon made fun of Tibet. Motorola made fun of Apple.
It's a battle of the daily deal sites -- and this time it played out on the big screen. Right after Groupon secured a Super Bowl ad, rival site LivingSocial snapped up a pre-game spot.
The Super Bowl usually comes and goes without much notice in China.
What do you do if you're worth, like, a billion dollars? Try purchasing a Super Bowl ad. Groupon, the breakout online coupon company that recently raised $950 million in funding, just secured an ad spot for Super Bowl XLV.
Sale sites like Gilt Groupe, Groupon and LivingSocial have turned the work day into a buying bonanza, giving people deep discounts on everything from romantic dinners to helicopter rides. But all those impulse purchases can leave online shoppers with quite a hangover.
Google is preparing to launch Google Offers, the search giant's Groupon competitor, Mashable has learned.
updated: Fri Jan 21 2011 11:19:00
In August 2010, the CEO of Groupon.com discussed the success of the group coupon website.
Group buying websites enjoyed massive growth in 2010 grabbing new customers and the headlines as the sector's biggest player, Groupon turned down a reported $6 billion offer from Google in early December.
On any given day at Grey Dog, a small restaurant in downtown New York, you'll find clusters of engineers and entrepreneurs crowded around tiny wooden tables discussing their startups' latest creations.
In response to user complaints about its privacy settings, Facebook in October debuted its privacy dashboard. But you could only use it from a computer.
Groupon, the fastest-growing web company on the planet, reportedly turned down a $6 billion buyout offer from Google late last week.
After weeks of negotiations about a potential takeover, Groupon appears to have walked away from would-be suitor Google.
Get ready for a clash of titans. As Google negotiates to buy daily-deal website Groupon in what is likely to be its most expensive acquisition ever, Amazon.com swooped in Thursday with a $175 million investment in LivingSocial, Groupon's most successful competitor.
Sure, the fact that it can afford to drop a few billion makes Google an attractive suitor for Groupon, but it's not 30-year-old founder and CEO Andrew Mason's first choice. He'd rather something more offbeat.
As speculation about Google's ongoing acquisition discussions with Groupon hits a fever pitch, the daily deals site went out and did a string of acquisitions of its own. Groupon said Wednesday it has acquired Ludic Labs, a San Mateo, Calif., startup that runs a self-service advertising and deals platform for local businesses.
U.S. stocks are headed for a pull back at the open Tuesday after a weaker reading on the housing market and as investors remain worried about the health of Europe's economy.
One of our Twitter followers put it best:
updated: Mon Nov 29 2010 09:36:00
CNN's John Sutter and Lisa Respers France duke it out over whether to shop online or hit the mall this holiday season.
Meredith Barnhill says her favorite part of the holiday season is giving gifts.
With restaurants, salons and yoga studios from coast to coast using the services of flash-sale websites to offer deep discounts to customers, paying full price seems downright silly.
Editor's Note: This is part of a five-day CNN.com series about smartphones and their impact on our lives and culture.
Imagine living off those random deal-of-the-day coupons that are e-mailed to your inbox. The possibilities are endless. You could ride a hot air balloon, relax at a spa or try that new French restaurant.
Twitter intends to offer special deals and discounts to its users, the company revealed this week. Is this a smart move for the social messaging site, or just an attempt to leap aboard the "online deals" bandwagon?
Forget about the little old lady digging through her cluttered purse in the supermarket checkout line.
Earning badges and climbing a ladder of "levels" used to be the respective domains of Boy Scouts and devoted video gamers. No more: It's officially the hottest craze in social-media marketing to make your customers think they're playing a game.
Can we all get a better deal by making purchases together?
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