Leaked from 404 Podcast 955:Elvis Costello tells fans to "Steal this record." Little Printer chews your feeds into a bite-size newspaper. Groupon stock is tanking, and Jill's here to tell us why! Facebook IPO coming next spring? Bathroom break video 1: Using Siri and Viper to start a car. Bathroom break video 1: Girl totally owns the treadmill.
When Groupon went public earlier this month at $20 per share, the daily-deals provider saw its stock soar. But now, Groupon has become a losing proposition for its shareholders.
The company's shares yesterday dropped 9.01 percent, or $1.51, to settle at $15.24. That's despite the fact that Nasdaq was up 3.5 percent yesterday.
Since Groupon went public, the company's stock has declined 41.63 percent, and by the look of things, the drop could continue until shareholders start to see some positive financial news come out of the company.
The issue is, Groupon … Read more
Groupon shares have broken below their initial public offering price of $20 and may cast a pall over other technology debuts on the public markets.
Groupon shares were most recently trading today just above $17.
What's happened since Groupon's first day of trading on November 4?
For starters, Groupon has significant question marks as a business and competition from Amazon.com-backed Living Social will be tough. In addition, it's easier to borrow shares of Groupon to short them, reported Bloomberg. A short sale occurs when you borrow shares betting that they will fall. You sell shares back … Read more
Apple's update to iTunes 10.5.1 brings a new scan-and-match service for music that gives users a way to stream their entire collection across multiple devices in the Apple family.
Even better, Apple will actually fill in the blanks of your files' metadata and replace your "matched" files with high-quality 256k-encoded AAC files--an audiophile's dream!
The three of us are so excited that it sounds like we're hosting an infomercial, but check out today's episode to hear more details about iTunes Match.
Also leaked from today's episode: LivingSocial gets into home food delivery with Room Service, PETA puts Mario and his Tanooki suit in its crosshairs, and more events unravel in the ongoing War Against Infographics!… Read more
Couple quick housekeeping items. First, my sincere thanks for all the incredibly kind words of condolence yesterday. I'm deeply touched and endlessly appreciative, and my family feels the same way. Thank you.
Second, I know the Cheapskate newsletter has arrived unusually late the last few days, and many of you missed deal opportunities as a result. My apologies for that. I'm still working with the CNET crew to come up with a better, more timely system for newsletter delivery. Stay tuned!
Yelp, the user-generated reviews site, has chosen Goldman Sachs and Citigroup to lead an initial public offering that could value the company at about $2 billion, according to The Wall Street Journal.
The startup hasn't been shy about its desire to tap into the equity markets, and Groupon's IPO last week has likely made Yelp executives more confident that they can have a successful offering. Others in the wings include Zynga, Angie's List and, the potential biggie of them all, Facebook.
The Journal says Yelp plans to file its IPO plans in the next few weeks with … Read more
Now that we have gotten the Groupon IPO out of the way, the debate over the health of the daily-deals sector rages on.
In fact, the novelty of being one of the fastest growing Web juggernauts ever began fading before last week's IPO. One early warning sign: the Chicago-based company's core business, which it pioneered just three years ago--prepaid local daily deals--dipped 3 percent during the third quarter, Yipit, a deals aggregator and industry tracking firm, reported prior to Groupon's IPO.
What's more, according to Yipit's research, Groupon's gross billings per subscriber are … Read more
Groupon, the brash and much-criticized daily-deals pioneer, did it.
Shares of the 3-year-old Internet company closed at $26.11 today on the Nasdaq, a jump of more than 31 percent from its offering price of $20. That leaves Groupon with a market valuation of about $16.7 billion, almost three times the buyout offer from Google it rejected in December, and surely enough to reignite the debate of whether Bubble 2.0 is here.
Today's valuation makes Groupon nearly as big as Yahoo, 10 times the size of AOL, and more than 15 times the size of The New … Read more
Daily-deals provider Groupon has gone public at last, and its shares soared from the start.
In the opening minutes, Groupon was trading up to $29.20, a 46 percent gain on its opening price of $20 per share.
Groupon closed out its first day on the market up 30 percent to $26.11.
Investors and Groupon watchers who had been awaiting the long-anticipated initial public offering had to wait a little extra time this morning. Groupon, which trades under the ticker symbol GRPN, didn't debut till an hour or so after the start of trading on the Nasdaq.
The … Read more
Groupon launches its initial public offering on Friday and there are comparison’s to Google’s debut, worries about the end of the world, and lots of talk about how much the company has to prove.
The storylines today are going to be relatively predictable. To wit:There will be the Groupon is a sign of a bubble story. There’s the Groupon failed because shares didn’t do much Friday story. There’s the “wow look at that surge” story assuming shares do anything. And then there are a lot of tales about whether Groupon has the chops to … Read more