Groupon Inc, which more than doubled subscribers this year to 115 million, plans to abandon the use of a controversial financial measure it once touted as a good indicator of performance, two sources with knowledge of the situation said.
IBT Staff Reporter
Aug 05, 2011
Sanford Wallace, known as the Spam King, has turned himself in to U.S. authorities after he was indicted for masterminding a scheme that sent more than 27 million unsolicited junk messages through Facebook's servers.
IBT Staff Reporter
Aug 05, 2011
Groupon Inc said on Friday that it is cutting some underperforming staff at its Chinese joint venture Gaopeng.
keep for now
Aug 05, 2011
As Facebook's recently launched competitor Google+ is raging ahead with 25 million unique visitors, Randi Zuckerberg, Director of Marketing Facebook, has decided to leave.
IBT Staff Reporter
Aug 04, 2011
LivingSocial agreed to buy South Korean online daily deal provider TicketMonster in a stock-swap to expand further into the Asian market, the companies said on Tuesday, without disclosing the value of the deal.
IBT Staff Reporter
Aug 02, 2011
Google beefs up its daily deal services.
Peggy Truong
Aug 02, 2011
Google Inc has bought The Dealmap, expanding further into a potentially lucrative daily deals market now dominated by the likes of Groupon and LivingSocial.
IBT Staff Reporter
Aug 02, 2011
Metro , the world's No. 4 retailer, missed expectations for second quarter results as high food prices and the European debt crisis hit consumer sentiment and said its 2011 earnings target depended on economic improvements.
IBT Staff Reporter
Aug 02, 2011
Gap is launching a new marketing campaign targeting smartphone shoppers. The company is releasing a video tip that tells shoppers they can clean their jeans by putting them in the freezer overnight.
David Magee
Aug 01, 2011
Google Inc said the Department of Justice has asked for more information regarding its acquisition of online advertising company AdMeld.
IBT Staff Reporter
Jul 28, 2011
Google Inc said the Department of Justice has asked for more information regarding its acquisition of online advertising company AdMeld.
IBT Staff Reporter
Jul 27, 2011
Gannett, America's largest newspaper chain, is expanding DailyChicken, its daily deals service, in direct competition Groupon and LivingSocial.
David Magee
Jul 26, 2011
Gannett Co is expanding its DealChicken daily deals service, which will be in more than 50 cities by the end of year, as the top U.S. newspaper chain tries to capitalize on the online coupon craze.
IBT Staff Reporter
Jul 26, 2011
According to a recent report by Bloomberg, it was revealed that Apple may be interested in bidding for Hulu, the online streaming service. But the chances of that occurring are probably highly unlikely. Here are 3 main reasons why Apple won't be cracking open its enormous piggy bank on Hulu.
IBT Staff Reporter
Jul 23, 2011
The frenzy with the launch of Google has slowed down in the past couple of days compared to 2 million users joining every day in the last one week, suggests an analysis by Paul Allen, co-founder of Ancestry.com.
IBT Staff Reporter
Jul 21, 2011
Groupon Inc's rapid growth has attracted rivals and regulators, a twin threat to the largest online daily deal company as it gets ready for an initial public offering.
IBT Staff Reporter
Jul 20, 2011
Borders is closing, lending some to question what the impact will be on Barnes & Noble, America's largest national bookstore chain.
John Talty
Jul 19, 2011
Almost two-thirds of U.S. shoppers plan to spend the same or less this back-to-school season as last year, a survey showed, in an early sign that retailers may not obtain a huge boost from the second-biggest selling season of the year.
IBT Staff Reporter
Jul 19, 2011
Apple has a reputation of revitalizing damaged relationships with customers with promises of lower price tag, better applications and good customer service.
Prarthito Maity
Jul 18, 2011
Connecticut Attorney General George Jepsen said Groupon Inc's daily deal coupons may violate state law.
IBT Staff Reporter
Jul 14, 2011
Since early March, the stock’s value has jumped about 50 percent to just under $300 per share, an all-time high.
Palash Ghosh
Jul 14, 2011
Netflix has been bashed by many customers for raising its pricing 60 percent, but the $9.99 unlimited streaming video and DVD by mail offer was just a really good sale. The deal was good, while it lasted.
David Magee
Jul 14, 2011