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Groupon, Inc.
An SI Board Since June 2011
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442 30 0 GRPN
Emcee:  Glenn Petersen Type:  Unmoderated
Groupon, Inc., which describes itself as “a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount,” has filed a registration statement.

Company website: groupon.com

SEC filings: sec.gov

From the Company’s S-1, filed June 2, 2011:

Groupon is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount. Traditionally, local merchants have tried to reach consumers and generate sales through a variety of methods, including the yellow pages, direct mail, newspaper, radio, television and online advertisements, promotions and the occasional guy dancing on a street corner in a gorilla suit. By bringing the brick and mortar world of local commerce onto the internet, Groupon is creating a new way for local merchants to attract customers and sell goods and services. We provide consumers with savings and help them discover what to do, eat, see and buy in the places where they live and work.

We started Groupon in November 2008 and believe the growth of our business demonstrates the power of our solution and the size of our market opportunity:

• We increased our revenue from $3.3 million in the second quarter of 2009 to $644.7 million in the first quarter of 2011.

• We expanded from five North American markets as of June 30, 2009 to 175 North American markets and 43 countries as of March 31, 2011.

• We increased our subscriber base from 152,203 as of June 30, 2009 to 83.1 million as of March 31, 2011.

• We increased the number of merchants featured in our marketplace from 212 in the second quarter of 2009 to 56,781 in the first quarter of 2011.

• We sold 116,231 Groupons in the second quarter of 2009 compared to 28.1 million Groupons in the first quarter of 2011.

• We grew from 37 employees as of June 30, 2009 to 7,107 employees as of March 31, 2011.

Each day we email our subscribers discounted offers for goods and services that are targeted by location and personal preferences. Consumers also access our deals directly through our websites and mobile applications. A typical deal might offer a $20 Groupon that can be redeemed for $40 in value at a restaurant, spa, yoga studio, car wash or other local merchant. Customers purchase Groupons from us and redeem them with our merchants. Our revenue is the purchase price paid by the customer for the Groupon. Our gross profit is the amount of revenue we retain after paying an agreed upon percentage of the purchase price to the featured merchant.

Underwriters: Morgan Stanley, Goldman Sachs & Co. and Credit Suisse

Estimated gross proceeds (preliminary): $750,000,000

Stock symbol: GRPN

Revenue
Three months ended March 31, 2011: $644,728,000
Three months ended March 31, 2010: $44,246,000
Year ending December 31, 2010: $713,365,000
Year ending December 31, 2009: $30,741,000
Year ending December 31, 2008: $94,000

Operating profits (loss)
Three months ended March 31, 2011: ($117,148,000)
Three months ended March 31, 2010: $8,571,000
Year ending December 31, 2010: ($420,344,000)
Year ending December 31, 2009: ($1,077,000)
Year ending December 31, 2008: ($1,632,000)

Net income (loss)
Three months ended March 31, 2011: ($146,480,000)
Three months ended March 31, 2010: $8,028,000
Year ending December 31, 2010: ($456,320,000)
Year ending December 31, 2009: ($6,916,000)
Year ending December 31, 2008: ($2,158,000)

Adjusted CSOI
Three months ended March 31, 2011: $6,978,000
Three months ended March 31, 2010: $12,034,000
Year ending December 31, 2010: $60,553,000
Year ending December 31, 2009: $3,484,000
Year ending December 31, 2008: ($1,446,000)

CSOI, also known as “adjusted consolidated segment operating income (ACSOI)," is a highly imaginative and suspect yardstick that Groupon recommends investors use to determine how it is performing. It is essentially operating profit minus the company’s large online marketing and acquisition expenses.
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442Groupon Launches Its Own Food Delivery Business, Groupon To Go TechCrunch July Glenn Petersen-Thursday
441Groupon acquires Baltimore food delivery startup OrderUp By Scott Dance The BaGlenn Petersen-July 16
440Management changes at Groupon: Groupon names new COO, says CFO will leave compaGlenn Petersen-June 3
439I haven't expected much but GRPN continues to find a way to disappoint with The Ox-May 5
438The press release: finance.yahoo.com Groupon’s Full-Year Revenue Forecast Hit bGlenn Petersen-May 5
437I agree that it was a good report. They were able to fudge any downward guidanceGlenn Petersen1April 20
436It was a good deal for Living Social, at the time. Ticket Monster Proves to BeSr K1April 20
435I agree. I should have been a little more clear with my last post. I've beThe Ox-April 20
434A nice flip by Groupon. They bought Ticket Monster about a year ago,. LivingSociGlenn Petersen-April 20
433What a surprise! GRPN gaps and craps on good news!! <ng> Discount vouchThe Ox2April 20
432Groupon Mulls Selling Off Checkout Software Business By Jason Del Rey Re/code AGlenn Petersen-April 8
431Groupon Quietly Launches Groupon Stores, a Marketplace for Its $2 Billion Goods Glenn Petersen-April 2
430Wunderlich upgrades GRPN to buy, price target from $6 to $10The Ox-March 25
429GRPN beats the consensus fourth quarter estimates. The press release: finance.yGlenn Petersen-February 12
428OT to Groupon. A status report on Andrew Mason's next act: Groupon's exGlenn Petersen-February 4
427Let's stop laughing at Groupon By Dan Primack Fortune January 26, 2015, 1Glenn Petersen1January 27
426Groupon beats. The press release: finance.yahoo.com Groupon Q3 Beats The StreeGlenn Petersen210/30/2014
425Groupon Goes After Yelp And Google With Millions Of Individual Business Pages bGlenn Petersen110/22/2014
4240After Quietly Acquiring SnapSaves, Groupon Launches Snap, Paying You To Shop bGlenn Petersen110/2/2014
423No posts here in a month. Apple showed yesterday that Groupon is integrated inSr K-9/10/2014
422GRPN is getting hammered in after hours trading. Groupon Forecast Trails EstimaGlenn Petersen18/5/2014
421GRPN reports after the close on Tuesday. What to look for in Groupon earnings Glenn Petersen-8/4/2014
420Andrew Mason has a "new" project. About seven or eight years ago I satGlenn Petersen-7/30/2014
419We have seen quite a few insider trading here in the last month or more. Thats kZbyte-7/10/2014
418Gap and crap.....The Ox-7/9/2014
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