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Groupon shares plummet as sales slow
Shares in Groupon plummeted Tuesday as the firm once billed as “the fastest growing company ever” said sales had slowed. The daily deals site reported its first-ever quarterly profit as a public company on Monday after stock markets had closed. Revenues increased 45% on the year. But the sell-off began as investors took fright…
Anti-porn group declares victory in Groupon boycott
The anti-pornography group Morality in Media announced Wednesday that the online coupon company Groupon had stop doing business with the adult entertainment industry, thanks to the group’s boycott. “Mainstream companies should stay far away from the sexual exploitation and abuse that is part and parcel of the mission of pornography…
Groupon guilty of ‘widespread’ breaches of consumer protection laws
Mark Sweney, guardian.co.uk OFT says it has concerns over reference pricing, advertising, refunds, unfair terms, and interactions with merchants. An Office of Fair Trading investigation has found Groupon guilty of “widespread” breaches of consumer protection laws, relating to issues including the pricing, advertising and unfair terms attached to its daily…
Groupon launches online bargain site in China
SHANGHAI – US Internet coupon deals website Groupon launched its China venture on Monday in partnership with local web giant Tencent, looking to tap into the world’s largest Internet population. Customers can now sign up on Gaopeng.com, with daily discounts from local merchants to debut in March, Groupon and Tencent…
Groupon on defensive over Tibet ad
WASHINGTON — Internet start-up Groupon was on the defensive Monday as it faced outrage for running a Super Bowl advertisement that highlighted Tibet’s woes to promote the online bargain site. The commercial during Sunday evening’s game, the most-watched time of the year on US television, opens with mountain scenes set…
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