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Groupon, Inc.
An SI Board Since June 2011
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456 32 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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456Groupon is acquiring LivingSocial: LivingSocial was once worth $6 billion — nowGlenn Petersen1October 26
455Groupon Slides 7% on Q3 Profit Loss, Global Units Sold Down 5% Zacks WednesdayGlenn Petersen-October 26
454Groupon stock jumps 25 percent on earnings news Amina Elahi Chicago Tribune JuGlenn Petersen1July 28
453Groupon gets huge investment from firm with ties to Comcast Ben Miller Glenn Petersen2April 5
452Local deals site LivingSocial lays off 280, over 50% of staff, outsources customGlenn Petersen-March 16
451Groupon ($GRPN) popped again Tuesday this time after Alibaba (BABA) bought 33 mimore1001February 17
450Alibaba buys nearly 33 million shares of Groupon Associated Press February 16, Glenn Petersen2February 16
449Groupon crushed estimates, reporting revenue of $917.2 million against expectatiThe Ox2February 13
448I like this idea. Especially for lazy people like me who love to eatMike Strauss-11/22/2015
447LivingSocial Offers a Cautionary Tale to Today’s Unicorns By MIKE ISAAC and KAGlenn Petersen-11/22/2015
446A few words from the new CEO: Why We’ll Win in Local Posted in All Cities by Glenn Petersen311/20/2015
445Groupon ($GRPN) reported better than expected third quarter adjusted earnings, wmore100-11/4/2015
444LivingSocial Makes More Huge Cuts, Lays Off 20 Percent of Staff By Jason Del ReGlenn Petersen-10/14/2015
443Groupon Is Laying Off 1,100 At A Cost Of $35M, Shutters Operations In 7 CountrieGlenn Petersen19/22/2015
442Groupon Launches Its Own Food Delivery Business, Groupon To Go TechCrunch July Glenn Petersen-7/30/2015
441Groupon acquires Baltimore food delivery startup OrderUp By Scott Dance The BaGlenn Petersen-7/16/2015
440Management changes at Groupon: Groupon names new COO, says CFO will leave compaGlenn Petersen-6/3/2015
439I haven't expected much but GRPN continues to find a way to disappoint with The Ox-5/5/2015
438The press release: finance.yahoo.com Groupon’s Full-Year Revenue Forecast Hit bGlenn Petersen-5/5/2015
437I agree that it was a good report. They were able to fudge any downward guidanceGlenn Petersen14/20/2015
436It was a good deal for Living Social, at the time. Ticket Monster Proves to BeSr K14/20/2015
435I agree. I should have been a little more clear with my last post. I've beThe Ox-4/20/2015
434A nice flip by Groupon. They bought Ticket Monster about a year ago,. LivingSociGlenn Petersen-4/20/2015
433What a surprise! GRPN gaps and craps on good news!! <ng> Discount vouchThe Ox24/20/2015
432Groupon Mulls Selling Off Checkout Software Business By Jason Del Rey Re/code AGlenn Petersen-4/8/2015
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