groupon

It's a deal: Groupon buys Ideeli for $43M

While competitor LivingSocial navigates its way through a major leadership turnover, Groupon is strengthening its assets.

The Chicago-based daily deal site is adding a new arm of flash sales to its repertoire with the acquisition of Ideeli.

Groupon has advertised promotions on discounted clothing, accessories, and other sartorial deals previously, but the addition of Ideeli gives the company a much more substantial footing for competing with the likes of Gilt and Amazon-owned MyHabit.

In Monday's announcement, Groupon leadership also suggested that Ideeli's mobile user base is also a major incentive on its part.

Ideeli offers flash sales on … Read more

Groupon's brilliant response to Amazon's drones: Catapults

By now, you'll have come to realize that the idea of Amazon sending your diapers by drone is brilliant. A brilliant public relations idea, not a brilliant idea for actually delivering diapers.

Groupon, however, clearly sees this as a threat to its business and our society. So, the company put its collective craniums together in order to come up with a new delivery method that will be fast, but more people-friendly than Amazon's drones.

The Grouponderers decided that the best way of looking forward was to look back. History has already seen some excellent ideas for propelling objects … Read more

Groupon shares jump 20 percent on record quarter, new CEO

Groupon shares rose more than 20 percent Wednesday as the daily-deals site reported a record quarter and named a new chief executive officer.

The company on Wednesday posted a better-than-expected 7.1 percent jump in revenue of $608.7 million and a smaller-than-projected net loss of $7.57 million, or 1 cent a share, compared with a year ago profit of $28.4 million, or 4 cents a share.

The troubled-daily deals provider also announced that cofounder Eric Lefkofsky, who had been serving as interim co-chief executive officer since Andrew Mason's ouster in February, has been named the permanent … Read more

The 404 1,312: Where we can't bear to look (podcast)

Leaked from today's 404 episode:

- What to Google to get the government to show up at your house.

- Science says posting food photos on Instagram makes it tastier.

- Groupon is definitely the strangest place you can buy the new Ciara album.

- Check out samples from ex-Groupon CEO Andrew Mason's album "Hardly Workin'."

- Lady Gaga to release free ARTPOP app to coincide with album.… Read more

New album from ex-Groupon CEO fails to crack iTunes Top 100

I confess that I have never bought a Groupon, because it always seemed to require paying money to do something I didn't want to do.

I feared I might feel the same way about listening to former Groupon CEO Andrew Mason's new album "Hardly Workin'."

I had understood that Mason was a bit of a wag and a prankster, and I thought that when his opus hit iTunes Tuesday morning there might be, well, a Groupon. Or at least a deal.… Read more

Xbox Music expands to Web browsers

CNET Update is hailing a helicopter:

In this episode of Update:

- Rock out to Xbox Music from your Web browser free for 30 days.

- Find a deal for date night on Groupon Reserve -- no voucher required.

- Speculate why Apple filed a trademark for "iWatch" in Japan.

- Prepare for a future with self-destructing e-mail messages.

- Keep an eye out on Twitter for English translations of tweets, powered by Bing.

- Live like the rich and famous with Uber's helicopter-ride service in New York City on Wednesday.

CNET Update delivers the tech news … Read more

Former Groupon CEO shares 'business wisdom' through song

Ousted Groupon CEO Andrew Mason wants to drop some knowledge on the younger generation, so he recorded an entire album of songs about "business wisdom."

Mason is known for having a sense of humor so he's probably joking (let's hope he's joking). Otherwise prepare yourself for seven songs of "motivational business music targeted at people newly entering the workforce," according to his blog entry posted Thursday.

More importantly, Mason is ready to move on to a new gig. He's creating a startup and will mentor startup newbs at Y Combinator. He didn'… Read more

New Groupon CEO won't be named until next year

Groupon is not racing to find a new CEO, say the interim leaders who've been running the show since the company's founder resigned earlier this year.

Speaking to The Wall Street Journal in an interview published on Tuesday, Groupon's interim CEOs Ted Leonsis and Eric Lefkosky said that "are not in a rush" to name a new, permanent chief executive, adding that they have only just kicked off the process of finding a replacement.

"We want to bring in a world-class leader, but the talent pool is not huge," Leonsis told the Journal. &… Read more

ComScore: Google claims top spot for desktop and mobile hits

Google hasn't budged from the No. 1 spot when it comes to its desktop and mobile audience, according to ComScore's latest rankings, but the companies with the most mobile growth are ones that have been struggling to keep investors happy.

Groupon, Zynga, and Pandora's mobile users grew more than twice as much as their numbers for desktop users, according to ComScore's February measurement for the top 50 digital media companies. Of course, the three companies -- which have seen their share of management shakeups and disappointing earnings this past year -- had much smaller numbers to … Read more

Facebook is changing the News Feed

CNET Update never did beat Battletoads:

Facebook will unveil a new look for the News Feed on March 7, but we may have a hint at what's to come judging by the new profiles being tested in New Zealand (via The Next Web). And Google is also testing a new look with a navigation grid icon.

Other headlines from Friday's tech news roundup:

- Groupon's CEO was fired, but you should read his farewell memo to staff. He compares the challenges leading Groupon to getting through the difficult Battletoads video game without dying. We hear ya, Andrew. … Read more