Groupon files for IPO

Culture
It's Monday, June 6th, 2011. I'm Wilson Tang on CNET.com and it's time to get Loaded. Groupon, the social daily deals discount site, announced it's filing an IPO for $750 million. You may remember that Groupon turned down a $6 billion offer from Google. While the $750 million IPO values Groupon between $20 to $25 billion, some analysts are cautioning that the 8000-employee site is burning through a hundred million dollars a quarter and still not earning a profit. Apple's much-rumored iCloud service is expected to make its debut today at the company's World Wide Developers Conference. iCloud is expected to stream music from the cloud but new rumors from the Cult of Mac suggest that it might have a lot more to do with the new Time Capsule device than just the cloud. Time Capsule is Apple's home wireless networking and backup device, but new rumors suggest that the Time Capsule itself could stream music and movies while caching software updates for iOS devices. Stay tuned to CNET.com for the latest from WWDC. The bankrupt Nortel Networks is unloading 6000 patents on technology that includes wireless video, Wi-Fi, and even 4G LTE. The Justice Department, however, is worried that the patents could stifle competition especially if Apple gets a hold of them. The DOJ's Anti-Trust Division is reviewing the bids for the patents but is yet to take any action. Advertisers are always trying to find ways for users to engage with advertising, and McDonald's has found a way for users to actually look at billboards. Now people can whip out their iPhones and play digital Pong. If you manage to last more than 30 seconds, you also win a coupon from McDonald's and the best part about the new advertising is that you don't have to download any new software. The controls are available over a simple URL that checks your location via GPS. HTC and Sprint have made some announcements about their upcoming Android phones. On June 24th, the HTC EVO 3D and the 7-inch EVO View 4G will make their debut. Both phones will run 4G, WiMAX, and Android Gingerbread. The EVO 3D will cost $200 while the EVO View 4G will run $400 on, yes, a 2-year contract. Those are your headlines for today. I'm Wilson Tang for CNET.com and you've just been loaded.

Up Next

Wikipedia to join Web blackout to protest SOPA
Wikipedia to join Web blackout to protest SOPA

Up Next

Wikipedia to join Web blackout to protest SOPA

Watch CNET Update!
Watch CNET Update!

Watch CNET Update!

Get touchy with BlackBerry 10
Get touchy with BlackBerry 10

Get touchy with BlackBerry 10

Microsoft's got the hots for Nook
Microsoft's got the hots for Nook

Microsoft's got the hots for Nook

CNET Update has launched!
CNET Update has launched!

CNET Update has launched!

One last time to get Loaded
One last time to get Loaded

One last time to get Loaded

The battle over e-book prices
The battle over e-book prices

The battle over e-book prices

Why Facebook snatched Instagram
Why Facebook snatched Instagram

Why Facebook snatched Instagram

The Flashback phenomenon
The Flashback phenomenon

The Flashback phenomenon

Tech Shows

The Apple Core
apple-core-w

The Apple Core

Alphabet City
alphabet-city-w

Alphabet City

CNET Top 5
cnet-top-5-w

CNET Top 5

The Daily Charge
dc-site-1color-logo.png

The Daily Charge

What the Future
what-the-future-w

What the Future

Tech Today
tech-today-w

Tech Today

Latest News All latest news

2023 Nissan Z First Drive: A Hotter Performer With Newfound Tech Smarts
nissan-z-2023-first-drive-holdingstill-cms

2023 Nissan Z First Drive: A Hotter Performer With Newfound Tech Smarts

Driving Porsche's Top-Secret Prototype Electric Race Car!
gt4-e-perf-still

Driving Porsche's Top-Secret Prototype Electric Race Car!

How an EV Works
how-evs-work-00-04-48-14-still089

How an EV Works

Facebook Accused of Blocking News in Australia, Plants Can Grow in Lunar Soil
facebook.png

Facebook Accused of Blocking News in Australia, Plants Can Grow in Lunar Soil

Apple Killed the Last iPod
1202263987086163-e66zgtdhxmkf0nentynj-height640.png

Apple Killed the Last iPod

Black Hole Image Revealed, Meta's Next Headset Teased
tt-051322-00-00-20-12-still020

Black Hole Image Revealed, Meta's Next Headset Teased

Most Popular All most popular

Apple Killed the Last iPod
1202263987086163-e66zgtdhxmkf0nentynj-height640.png

Apple Killed the Last iPod

The Best Way to Charge Your EV Is at Your House
home-chargers-copy-01-00-05-49-18-still089

The Best Way to Charge Your EV Is at Your House

Black Hole Image Revealed, Meta's Next Headset Teased
tt-051322-00-00-20-12-still020

Black Hole Image Revealed, Meta's Next Headset Teased

Do You Know What It Really Costs to Drive an Electric Car?
hidden-costs-of-evs-00-11-54-12-still088

Do You Know What It Really Costs to Drive an Electric Car?

TikTok Creators Will Love the DJI Mini 3 Pro
dji-5

TikTok Creators Will Love the DJI Mini 3 Pro

I Lost My Mind on Guardians of the Galaxy Roller Coaster
1202231812667975-b8hrndwonamcg2sdaf5l-height640.png

I Lost My Mind on Guardians of the Galaxy Roller Coaster

Latest Products All latest products

Hands-On: We Got to Try the Sony Xperia 1 IV and Its Zoom Lens
xperiafinalpicsite

Hands-On: We Got to Try the Sony Xperia 1 IV and Its Zoom Lens

Lenovo Legion 7 Gaming Laptops Combine Great Power With Simple, Slim Designs
lenovolegion-00-00-45-13-still003

Lenovo Legion 7 Gaming Laptops Combine Great Power With Simple, Slim Designs

Exploring Meta Store: Facebook Parent Meta's First Physical Retail Space
metastore

Exploring Meta Store: Facebook Parent Meta's First Physical Retail Space

Lenovo's Torrent of Slim-Series Laptops Has Almost Too Many Options
lenovoslim-00-00-03-10-still001.png

Lenovo's Torrent of Slim-Series Laptops Has Almost Too Many Options

Disney's New Wristband Brings Games to Theme Parks
magic-band-plus-1-copy

Disney's New Wristband Brings Games to Theme Parks

Amazon Astro Review: An Echo of the Future
astro-review-still-10

Amazon Astro Review: An Echo of the Future

Latest How To All how to videos

Google Pay: How to Set Up and Use
googlepay-inhand

Google Pay: How to Set Up and Use

Clean Your AirPods and EarPods Without Damaging Them
yt-howto-clean-airpods-v3

Clean Your AirPods and EarPods Without Damaging Them

How to Control Your Computer With Your Feet
yt-learn-guitar-foot-controls-v2

How to Control Your Computer With Your Feet

How to Download YouTube Videos
yt-howto-download-yt-videos-v3

How to Download YouTube Videos

Find Forgotten Wi-Fi Passwords for Previously Used Networks
how-to-find-a-wi-fi-password-on-any-network-1

Find Forgotten Wi-Fi Passwords for Previously Used Networks

Get the Most Out of Multitouch on Your Trackpad
mac-tips-multitouch-on-mac-7

Get the Most Out of Multitouch on Your Trackpad