Groupon Archives - TechGoing https://www.techgoing.com/tag/groupon/ Technology News and Reviews Sat, 01 Apr 2023 05:37:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.4 Groupon appoints new CEO, shrinks 99.4% in market value since IPO https://www.techgoing.com/groupon-appoints-new-ceo-shrinks-99-4-in-market-value-since-ipo/ Sat, 01 Apr 2023 05:37:08 +0000 https://www.techgoing.com/?p=84858 The originator of group buying Groupon company for the launch of the online group buying method and became famous confidently rejected Google’s $6 billion acquisition offer, and listed with a market value of $17.8 billion (currently about RMB 122.286 billion). Groupon has seen its revenue shrink over the past decade: its core business model has […]

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]]> The originator of group buying Groupon company for the launch of the online group buying method and became famous confidently rejected Google’s $6 billion acquisition offer, and listed with a market value of $17.8 billion (currently about RMB 122.286 billion).

Groupon has seen its revenue shrink over the past decade: its core business model has stagnated and its diversification efforts have had little success, leading to declining revenue and continued losses.


The Chicago-based company, which now has a market cap of just $103 million (down 99.4% from its IPO debut), has appointed board member Dusan Senkypl as interim CEO and is running the company’s operations remotely from the Czech Republic.

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