Run into more customer service bots lately? Let Marketplace Tech know. More info
Codebreaker

Groupon raising 950 million dollars, dominating its category

John Moe Dec 29, 2010

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.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.