Groupon famously turned down several garbage trucks full of money from Google a few months back, and VentureBeat has broken down some interesting data points about their recent IPO in an infographic. (“Grouponzi” scheme. Heh.)
In their very thorough breakdown, VB notes:
But the Chicago-headquartered company is still running at a loss despite the astonishing revenue growth, which went from $94,000 in 2008 to $713 million in 2010, according to the filing. Groupon has consistently lost money every quarter since launching except for one — the first quarter of 2010, when it brought in an $8 million profit. Comparatively, it lost $146.5 million in the first quarter of 2011.
Definitely an interesting read- would you invest in Groupon?
Author: Kim LaCapria
Kim LaCapria is a social media enthusiast, long-time Inquisitr.com writer and beauty and lifestyle industry expert. She covers a wide range of social media topics, with a particular interest in style-related apps and services.
When not working, Kim can be found on Facebook and Pinterest, skating, and sneaking off to Spa Castle.