Groupon announces IPO

Groupon announces IPOGroupon continues its run as the darling of the internet shopping and social media realm by announcing its official initial public offering, and releasing its full financial information.  The company has been growing at an astounding rate, recording a 22,000 increase in revenue last year.  This year’s first quarter almost matches last year’s total revenue of $713 million, with $644 million.  Growth might reach $3 or $4 billion in 2011.

Groupon’s profits have been a bit slower to catch up, as the company claims to focus heavily on reinvesting and attracting new customers.  54% of expenditures are spent on their aggressive marketing of potential customers, with the rest spent on sales.  Groupon is also in the midst of entering the international market, where profits have been slower.  Overall, Groupon’s IPO is expected to make waves all around the tech world though.

 



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Groupon continues its run as the darling of the internet shopping and social media realm by announcing its official initial public offering, and releasing its full financial information.  The company has been growing at an astounding rate, recording a 22,000 increase in revenue last year.  This year’s first quarter almost matches last year’s total revenue of $713 million, with $644 million.  Growth might reach $3 or $4 billion in 2011. Groupon’s profits have been a bit slower to catch up, as the company claims to focus heavily on reinvesting and attracting new customers.  54% of expenditures are spent on their...

Groupon announces IPOGroupon continues its run as the darling of the internet shopping and social media realm by announcing its official initial public offering, and releasing its full financial information.  The company has been growing at an astounding rate, recording a 22,000 increase in revenue last year.  This year’s first quarter almost matches last year’s total revenue of $713 million, with $644 million.  Growth might reach $3 or $4 billion in 2011.

Groupon’s profits have been a bit slower to catch up, as the company claims to focus heavily on reinvesting and attracting new customers.  54% of expenditures are spent on their aggressive marketing of potential customers, with the rest spent on sales.  Groupon is also in the midst of entering the international market, where profits have been slower.  Overall, Groupon’s IPO is expected to make waves all around the tech world though.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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