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Groupon Wiki, Facts

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  • Groupon is an American worldwide e-commerce marketplace connecting millions of subscribers with local merchants by offering activities, travel, goods and services in more than 28 countries

 Groupon facts

  • Based in Chicago, Groupon was launched in November 2008, and the first market for Groupon was Chicago, followed soon thereafter by Boston, New York City and Toronto
  • By October 2010 Groupon was available in 150 cities in North America and 100 cities in Europe, Asia and South America, and had 35 million registered users
  • By the end of March 2015, Groupon served more than 500 cities worldwide, nearly 48
  • 1 million active customers and featured more than 425,000 active deals globally
  • The idea for Groupon was created by now-ousted CEO and Pittsburgh native Andrew Mason
  • The idea subsequently gained the attention of his former employer, Eric Lefkofsky, who provided $1 million in "seed money" to develop the idea
  • In April 2010, the company was valued at $1
  • 35 billion
  • According to a December 2010 report conducted by Groupon's marketing association and reported in Forbes magazine and the Wall Street Journal, Groupon was "projecting that the company is on pace to make $1 billion in sales faster than any other business, ever
  • In its first earnings release as a public company, Groupon reported a 2011 fourth-quarter loss of $9

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