Groupon is a “deal of the day” website that was launched in Chicago, Illinois in 2008. The site was founded by current CEO Andrew Mason.
Groupon’s first deal was for half price pizza.
The site grew extremely rapidly after launching and quickly expanded to other major US cities such as Boston and New York City.
The business expanded to other countries by acquiring similar sites such as MyCityDeal (Europe), ClanDescuento (South America), Qpod.jp (Japan), Darberry.ru (Russia).
Groupon went public in Nov 2011, 3 years after launching. Since going public, earnings have been disappointing and the stock price has plummeted.
The company current serves over 500 markets in 44 countries worldwide.