Groupon | mediaME

Competition brews for regional daily-deals websites

Wed, 2012-05-16 06:56 - By

Analysis, Digital Media, Media, Cobone, competition, daily-deals websites, Groupon, regional, thenational.ae

Competition is brewing among the biggest daily-deals websites in the region, as both Cobone and Groupon Middle East compete for discount-savvy customers. Both websites profess to being the most popular daily-deals discount site in the UAE, claiming millions of email subscribers and thousands of customers log in each day to buy discounted vouchers for restaurants, fashion, electronics and travel. "I'm still very bullish about the business model," said Paul Kenny, the chief executive and founder of Cobone. "I think people trust us more than other sites. We are the only big local brand left."

Groupon IPO stock hits a high of $31.14, a 55% gain on its first day of trading

Sat, 2011-11-05 17:50 - By

editor

Announcement, Media Business, Media, Bloomberg, Groupon, GRPN, Initial Public Offering, IPO, Reuters

Groupon, Inc. has launched its Initial Public Offering on Friday, offering 35 million shares at a price of $20 per share. On its first day of trading, Groupon’s price per share rose as high as $31.14, 55 per cent above the original $20 IPO price. Groupon’s shares ended their first day at $26.11, 31 per cent above their $20 IPO price, raising the second highest tech company’s valuation of $12.7 billion to reach approximately $16.7 billion. The company’s 35 million Class A common shares make up only 5 per cent of the company.

Facebook leads social networks in mobile traffic

Wed, 2011-10-26 19:23 - By

editor

Digital Media, Media Business, Report, Research, Advertising, Media, comScore, eWeek.com, Facebook, Groupon, LinkedIn, Twitter

Almost 40 million users from the U.S. access Facebook, Twitter and LinkedIn from their mobile device, resulting in a 37 per cent increase in mobile traffic in August compared to the same time last year. According to ComScore, Facebook , enjoyed more than 57 million mobile users in August, up 50 per cent from last year, where Twitter’s mobile audience rose 75 per cent to 13.4 million people, and LinkedIn grew 69 per cent to reach 5.5 million users.

Groupon estimates $11.4 billion market value following IPO

Mon, 2011-10-24 10:38 - By

editor

Announcement, Digital Media, Media Business, Media, Andrew Mason, Bloomberg, Bradley Keywell, Eric Lefkofsky, Google, Groupon

According to Bloomberg, the daily-deal site Groupon will be selling its shares to the public starting next month. Groupon’s market value would be about $11.4 billion following the launch of its Initial Public Offering this November. The decision comes following Google’s buyout bid back in 2010 valued at $6 billion.

Daily deals websites Groupon and LivingSocial show drop in web traffic

Sat, 2011-09-03 15:26 - By

editor

Content Business, Research, Retail services, Andrew Lipsman, Andrew Weinstein, comScore, Experian Hitwise, Groupon, LivingSocial, Matt Pace, usatoday.com

Web tracker Experian Hitwise reports a decline in web visits to daily deals websites Groupon and LivingSocial. Three online research companies Experian Hitwise, Compete and ComScore reveal the steady drops in traffic for both websites, due to new competing sites entering the market.

Facebook decides to shut down daily deals business

Mon, 2011-08-29 08:09 - By

editor

Media Business, Media, Facebook, Groupon, LivingSocial, Reuters

Reuters has reported that Facebook will shut down the daily deals business in the coming weeks. Daily deals business was launched four months ago and the decision has been claimed to possibly ease competitive pressure on industry leaders like Groupon and LivingSocial.

Facebook introduces Social Deals

Tue, 2011-04-26 19:11 - By

editor

Announcement, Media Business, Product Launch, Media, Check-in deals, Facebook, Groupon, Search Engine Land, Social Deals

Facebook will be launching its second deals programme of Social Deals, which closely resembles Groupon’s daily deals but with several twists. The new ‘Check-in deals’ are free for users and are mobile centric, and mainly focus on national and small businesses, where Social Deals will keep its focus on local businesses.