Groupon shares were at $8.25 – up about 1.5% – at close on Monday, most likely due to rumors about a potential buyer for Ticket Monster.
South Korea newspaper The Korea Times said Groupon’s Ticket Monster Korea may be acquired by Goldman Sachs. In October, analysts were told that Groupon was exploring options for Ticket Monster after they acquired it for $260 million.
Barrington Research managing director Jeff Houston said Groupon can’t invest as much as it would like in each of the 47 countries the Chicago-based company is in.
Groupon’s earnings for the fourth…
E-commerce companies in India have had a great year. The sector saw billions of dollars flow through it, and the country is thought to have gained more internet users than that U.S.
More products were made available through e-commerce in India. E-commerce companies also increased reach by expanding to other parts of India. Automobiles are now sold through Snapdeals, for example. In addition to increased product access, consumers can access more deals.
Snapdeal reaches 5,000 cities and towns in India. Senior vice president Tony Navin noted that e-commerce allows sellers to save and…
Foxtrot will touch down in Lincoln Park to supplement its ecommerce platform. The online delivery and food and beverage startup launched in the full. It curates food and beverage and delivers within one hour. The online store processed orders, serving as an intermediary between retailers and customers. As the app increased in popularity, it became difficult for retailers to keep up with the demand.
Foxtrot emerges from the University of Chicago’s Booth School of Business while CEO Mike Lavitola studied for his MBA. The in-store location on Clybourn Avenue will stock the…
It has been a rough year for Groupon on Wall Street. Back-to-back bad quarters have the stock down more than 37%. It fell below expectations in February and May. In October the quarterly results were better than expected, but did not help the stock recover from the six month decline.
Interest in Groupon tends to be based on potential rather than performance. LivingSocial, Groupon’s chief rival in the daily deal market, recently announced a huge round of layoff’s.
The goods business accounts for half of Groupon’s revenue while local commerce makes up 80%…
Snapdeal – one of the largest e-commerce businesses in India – acquired gift recommendation tech platform Wishpicker. Financial details of the deal have not been disclosed. This is Snapdeal’s fifth acquisition and follows the April purchase of Doozton.
Dootzon – a fashion product discovery site – has since been integrated into the Snapdeal website. It matches shoppers wit products they are likely to buy. Snapdeal has also acquired Grabbon, esportsbuy.com, and Shopo.in.
Its direct competitors include Amazon India and Flipkart. The companies compete for shoppers as e-commerce quickly grows in India. It is…
A lawsuit filed against LivingSocial by Mophie, claiming patent infringement, has been tossed out. In Los Angeles, a Federal Judge invalidated U.S. Patent No. 8,367,235 held by Mophie, Inc. The claims of the patent were found by the judge to be too indefinite.
Mophie is a mobile accessory designer and manufacturer with a patent called “Battery Pack, Holster, and Extendible Processing and Interface Platform for Mobile Devices.” The patent was issued on February 5, 2013.
Representing LivingSocial, Dariush Adli, Founder and President of Adli Law Group, stated:
“We are not surprised by this decision, which…
LivingSocial in Indonesia has been rebranded as Ensogo. The user interface has also changed. It now has eight product sections which include Food, Things to Do, Beauty, and Travel.
The LivingSocial Indonesia Twitter account also redirects to Ensogo ID, but there does not seem to be a Facebook fan page bearing the new name. Its Android app invites users to download Ensogo from Google Play.
The FAQ page on the new Ensogo website states that the company is using the same name across all Southeast Asian markets in an effort to strengthen the…
Cobone.com – a Dubai-based daily deal website – has been acquired by Middle East Digital Group only one year after being acquired by Tiger Global Management. The 2013 deal was worth between $20m and $40m for Jabbar Internet Group. Middle East Digital Group has not disclosed the purchase amount, and also has ExpatWoman.com in its portfolio.
Cobone was founded by Paul Kenny in 2010 and has become a well-known coupon website in the UAE region, also serving Saudi Arabia. Cobone sold 2.6 million coupons to date to 500,000 users, and has outlasted…
Groupon is opening pop-up stores in Australia to make quick shopping and pre-Christmas delivery possible for consumers. The company will use a store on Elizabeth Street, welcoming consumers to purchase and collect merchandise, or place online orders and return for pick-up.
The store is offering 70% off of 20 click-and-collect products. This offer will be extended to 30 more products nearing Christmas Day. The physical locations are expected to give Groupon an added presence, according to Groupon Australia chief executive Alistair Venn.
EBay, a Groupon competitor, is also launching a store in the…
It is impossible to master SEO or LSEO because they are constantly changing, growing, and evolving. Search engines all have their own algorithms which make the process even more difficult. Google is the most popular search engine in the world, so it is often the go-to SEO.
Even with the ever-changing landscape of SEO, we can stay informed and use common sense to determine where SEO is going. It is time to start planning SEO strategy for 2015. This year brought mobile readiness, responsive design, and going local to the forefront,…