American worldwide e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 15 countries.
Missed earnings. Revenue down on 2018, they swing to a loss. Dropped 16% after hours. Closing their “goods” business, concentrating on experiences, which they were originally known for.
Does anyone still use Groupon? I had an account back when it was all the hype, think I bought one thing on it which I failed to show for.
Places stopped offering Groupons after realising their customers were just the worst, and could make no money off them.
There’s definitely money to be made in flexible pricing during quiet periods, but even the lamest of bars can advertise a happy hour on Instagram now.
Ouch. They’ve opened down over 38%. It’s their fourth year of declining revenue.
Revenue for 2019 was $2.2B, their market cap is $1B, they hold $750M in cash.