Who Doesn’t Love A Good Groupon ?
The anticipation of checking your email and finding out what the Groupon deal of the day will be brings excitement and many desirable discounts! If you have not heard of the website Groupon which offers 1 deal per day according to your zip code, you have probably been living under a rock.
Two years ago, 29 year old Andrew Mason founded Groupon and now employees nearly 1,000 people. The Groupon site emails its members daily with over 200 discounts on multiple retail websites – deals only become “active” or avalible to be purchased when the first person agrees to make the purchase – the deal expires if it does not reach the minimum number or people willing to purchase and becomes unavailable to anyone.
Groupon is currently described by Forbes as “the world’s fastest growing company”, which may give insight to Google placing an offer on the table to purchase the site for $5.3 billion. Yahoo reportedly offered Mason $2 billion in April of 2010, but the deal did not close because the dollar amount was not enough.
Groupon makes its money by taking a cut of each sale and has a projected turnover of $500 million this year. In June Groupon registered 8 million subscribers to its daily email, with nearly 12 million unique visitors monthly to its website.

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