In its over 150 different geographic areas (everything from big cities like Chicago and Boston to smaller cities like Tulsa and Syracuse, to the suburbs like Central Jersey and Ventura County), Groupon offers a ‘daily deal’ which allows consumers to buy discount vouchers (usually about 50% off but sometimes worth up to 90% off) that can be applied to a local business. Groupon’s business model is relatively simple. And finally, Goupon now serves over 40 million customers who, by most accounts, love the service and are lusting for even more money-saving deals. Second, it’s been reported by Forbes Magazine that Groupon’s internal projections are “that the company is on pace to make $1 billion in sales faster than any other business, ever”. First, its well-publicized rejection of Google’s almost $6 Billion offer this past December stunned most observers in terms of the valuation (and Groupon’s response to the offer). ![]() High-flying internet startup Groupon has been in the news lately.
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