Groupon raising 950 million dollars, dominating its category

Maybe Groupon wasn't quite so dumb to turn down that 6 billion dollar offer from Google a while back. The increasingly popular group coupon site has filed to raise 950 million in venture capital money based on a valuation of 6.4 billion dollars. It's looking to get bigger faster and already employs 3000 people. It hasn't really gone mainstream yet, still seems to be a lot of trips to day spas whenever I look at it, but maybe 2011 is the year that it joins The Tech Pantheon of Inescapable Companies. Meanwhile, Groupon now makes up 79% of group buying in the US, far ahead of Living Social, one of its rivals, although it really has no rivals at this point.

About the author

John Moe is the host of Marketplace Tech Report, where he provides an insightful overview of the latest tech news.


I agree to American Public Media's Terms and Conditions.
With Generous Support From...

Sustainability Coverage

  • The Kendeda Fund
  • Wealth & Poverty Coverage

  • The Ford Foundation