Groupon Update: Now It Wants To Be Your Cash Register

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News
Bloomberg BusinessWeek reports that Groupon chief executive Andrew Mason has been working as a maitre d’ in order to learn more about the restaurant business.Critics of the daily deals company—whose prescient arguments got an airing in a WW cover story last year—might wonder why Mason didn't make that effort before running thousands of deals that pinched local businesses around the country on ...   More
 
Tuesday, July 17, 2012 COREY PEIN

Groupon Update: First, Angry Merchants. Now, An SEC Inquiry

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News
Earlier this afternoon the Wall Street Journal reported that Groupon, the fast-growing daily deals company whose business model WW picked apart in a cover story last summer, is under investigation by federal financial regulators. Here's the news:The Securities and Exchange Commission is examining Groupon Inc.'s revision of its first set of financial results as a public company, according to a person ...   More
 
Monday, April 2, 2012 by Corey Pein

Local Business' Bane Bemuses TV Newswoman

60 Minutes on Groupon

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News
On Sunday night, 60 Minutes got around to Groupon. Check out the video here—and if you already know how the online daily deals business works, you can fast forward to 7:55 for the bit about Groupon "horror stories," a phenomenon WW covered in depth last summer."If we were smart, evil people, we would be more cunning and subtle in our evil ways," Groupon CEO Andrew Mason tells Lesley Stahl, whose ...   More
 
Tuesday, January 17, 2012 COREY PEIN

Couponocalypse

The Battle for Portland's Pennypinchers

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News
Another day, another coupon site. Today sees the arrival of yet another "deal-a-day" website in Portland: Scoutmob. Its schtick is that you don't have to pay for the deal, just pull it up on your smart phone and go to the business within a certain time to redeem it—more like a virtual 50% off voucher than the "pay $10 get $20" model favored by sites like Groupon.It's actually not a bad spin on the ...   More
 
Wednesday, April 13, 2011 RUTH BROWN

INTERACTIVE: Daily Deal Calculator

Find out how much a local business actually makes off each Groupon you buy

lede_cheatlocal

News
This week's cover story, Cheat Local!, explores how local businesses get crushed buy daily deals sites like Groupon. As the article explains:"There is no upfront cost to the business running the promotion. Groupon typically keeps half of the discounted price, and reimburses half—so, $5 of the original $20 price of [an item]—to the merchant."Depending on the discount and the cut taken by the deals ...   More
 
Wednesday, August 17, 2011 WW Staff

Cheat Local!

Portland helped make Groupon a giant. Here’s how local businesses get crushed.


Cover Story
Ethan Powell and Tobias Hogan, two typical restaurant workers with more than a decade’s experience between them, wanted more. Two years ago they stepped out and took a gamble that has lured—and   More
 
Wednesday, August 17, 2011 COREY PEIN

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