groupon

College Now 57% Off

Hamilton Nolan · 09/06/11 03:16PM

Want to be a teacher? Found out recently that you have to go to "college" to be a teacher? Upset at the high price of college? Looking for the cheapest possible way to be a teacher? Groupon!

Is Groupon's Bizarre CEO Ruining His IPO?

Ryan Tate · 08/30/11 08:16PM

There's something charming about Andrew Mason's goofiness. "I feel like clout is something that builds up on your teeth," the Groupon CEO once told Today in response to a question about his influence. But with two top lieutenants out the door in as many weeks, you have to wonder if the antics are starting to grate.

Is Groupon Getting Desperate?

Ryan Tate · 08/23/11 09:46PM

Groupon recently disclosed it owes more to merchants than it has in the bank; the online discounter stays afloat only by selling new Groupons. So the Groupon's recent sales dive is particularly unwelcome.

Groupon Is Kinda Insolvent

Ryan Tate · 08/18/11 03:13PM

Groupon plans to sell itself to the public at a $30 billion valuation. It's worth noting, then, that the online discounter has accumulated liabilities that greatly exceed its assets and is now running low on cash. The technical term for this is "broke ass poor."

Groupon Triples Its Losses

Ryan Tate · 08/10/11 04:36PM

Groupon is getting ready to go public, so naturally the online discounts startup has ratcheted up the rate at which it is bleeding cash, posting a $103 million quarterly loss, triple the loss for the same period last year. If tech bubble investors demand growth at any cost, Groupon will damn sure give it to them.

Fortune Stabs Forbes

Hamilton Nolan · 07/28/11 02:15PM

In your mercenary Thursday media column: Fortune this round from Forbes, layoffs at the LA Times, a BBC reporter is killed, the NYT turns to Groupon, Al Sharpton is pushing it, and new journalism grows from the cracks.

Groupon's Bullshit Accounting Bewilders the Feds

Ryan Tate · 07/28/11 02:01PM

Because it loses tons of money, Groupon is promoting its IPO using an inflated income number that excludes marketing and customer acquisition costs. Why would you do that? Well, that's exactly what the SEC is now asking.

The Groupon IPO Will Make Us All Rich Again

Hamilton Nolan · 06/02/11 03:42PM

Mortgage the hovel! Empty the penny jar! Leverage yourself to the hilt! Scrape together whatever meager nut you can, financially devastated Americans: Groupon is going public. You have to get in on this!

Glenn Beck Launches a Groupon Knockoff

Hamilton Nolan · 05/23/11 08:38AM

Paranoid crybaby Glenn Beck is leaving Fox News, but don't you worry, world's biggest suckers Glenn Beck fans: you can still get your "giving money to Glenn Beck fix," in the form of coupons, for chocolate!

Groupon Can't Quit Donald Trump

Ryan Tate · 05/03/11 01:55PM

Groupon was finished with receding political footnote Donald Trump, and so the online coupon site pulled its advertising from The Apprentice website a few days ago. By yesterday, though, the two were back in bed together thanks to a coupon.

The Groupon Backlash Is On

Hamilton Nolan · 03/24/11 12:00PM

Among businesses, the initial reaction to the concept of Groupon was: "Give our shit away for half price? Well, it's good advertising." But now, that reaction is changing to: "Give our shit away for half price? Ehhh."

Groupon Pulls Super Bowl Ads: What Else Will Go Wrong?

Hamilton Nolan · 02/11/11 11:28AM

Incessant coupon-offering behemoth Groupon made a jokey Super Bowl ad about Tibet that didn't go over well with... well, anyone. (Yes, even though it was for charity, okay.) After a week of vague public anger about this relatively unimportant topic, the company is finally pulling the ads, reasoning—correctly—that the drama is not accomplishing the ostensible purpose of the ads, which is to help Groupon become a mighty, unavoidable middleman in the buying and selling of goods in America.