Friday, March 18, 2011

[News] Groupon.com valued at $25 billion

The social shopping site groupon.com which "connects consumers to local deals" has turned down a takeover offer from Google...that offer was $6 billion...they turned down $6 BILLION. Reports are coming out that Groupon is in talks with Goldman Sachs "about a possible initial public offering that could value the company at close to $25 billion".


Andrew Mason, founder & CEO of groupon.com

The company had 124 employees in December 09, they're now close to 5,900 employees. The site has over 70 million users in 500 markets.  The site has been profitable since June 2009. Andrew Mason, your life will be forever lived in wealth.


Source and for more info: NY Times

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