Groupon's CEO Pegs 2010 Revenue At $760 Million

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When Groupon was said to have turned down a $6 billion acquisition offer from Google, many onlookers wondered what could possibly have motivated that decision.  Now we know: the ability to earn $760 million in revenue in 2010, along with the goal of bringing in over a billion this year. Those figures were mentioned in an internal memo that leaked …

Starbucks CEO Joins Groupon Board Of Directors

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Groupon employees might want to look for the quality of coffee at their workplace to improve in the near future.  This afternoon, Groupon announced that Howard Schultz, the CEO of Starbucks, has joined its board of directors.  Groupon got an unspecified amount of money from a VC firm, too. Let’s cover the funding news first, since there’s not much to …

Groupon: We're the Savior for Small Businesses

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Legend has it that Groupon turned down a $6 billion offer from Google, which if accepted would have been Google’s biggest acquisition to date. Time will tell if this was a smart move or not, but Andrew Mason, Groupon’s CEO seems fairly confident in the company’s future. Do you think Groupon will remain independent? Will the Internet giants be able …

Did Groupon Make the Right Decision? What's Google's Next Move?

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As you probably know, Groupon recently turned down Google’s $6 billion acquisition offer. CEO Andrew Mason was reportedly concerned about the direction Google may have taken it in, as well as what would happen to its employees.  A lot of people are surprised that Groupon turned the offer down, as it would’ve been Google’s biggest acquisition to date. Groupon is …