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Showing posts with label social selling. Show all posts
Showing posts with label social selling. Show all posts

July 7, 2011

The Making of Groupon IPO: Infographic

IPO Watch: Grouponzi
Research and design by Online MBA Site


Groupon, which is arguably the biggest daily deals service around and has been called the fastest-growing company in history, is edging towards an IPO and Online MBA has published an infographic that details the finances and timeline of the company. While Groupon had 2010 revenues of $713 million, it had a loss of $413 million. The company has more than 7,000 employees and the business grew 2,241 percent between 2009 and 2010.|

Groupon — which last month was rumored to be partnering with Foursquare — filed the necessary paperwork with the U.S. Securities and Exchange Commission earlier this month for its IPO, through which it hopes to raise as much as $750 million. The company was valued at $25 billion in March. However, the company’s business model has been criticized – it costs Groupon $1.43 to make $1 in revenue and existing Groupon customers are purchasing fewer deals than they used to.

When compared to Facebook and Google, Groupon is far behind in the revenue stakes. Those companies make an estimated $170 million and $2.86 billion per month respectively, although those revenues are company-wide and not restricted to their daily deals offerings — Facebook Deals and Google Offers respectively.

Source : Scribbal