Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Looks like key resistances is being broken. Could see a nice pop to 4s if this goes. Nice churn out also
Groupon Names TBWA\Chiat\Day New York Creative Agency of Record
Source: Business Wire
Named Adweek's 2018 Global Agency of the Year and #5 on the AdAge 2019 A-List, TBWA’s clients include Adidas, Hilton and Nissan
Groupon, a global leader in local commerce, has selected TBWAChiatDay New York—part of Omnicom Group—as its creative agency of record to help the company continue transforming its business into an experiences marketplace that helps people enrich their lives by discovering more of the world around them.
TBWAChiatDay New York will partner with Groupon to develop a new global brand position and campaign that supports its vision of becoming the daily habit in local. TBWA works with some of the world’s top brands, including Adidas, Apple, Hilton and Nissan—building world-class teams around the power of Disruption and the undeniable effect of breakthrough creative.
"As we’re evolving our product and business, we’re excited to partner with TBWA to bring our value proposition to life in a way that creates a deeper connection with our customers and merchants,” said Groupon’s Chief Marketing Officer Craig Rowley. “TBWA’s proven track record of executing alongside some of the world’s largest brands—plus the number of exciting ideas they brought to the table—made them the right choice to help us create a narrative that drives more people to Groupon.”
In 2018, Adweek named TBWA its "Global Agency of the Year," and in 2019 the agency was named to the AdAge A-List, recognized as one of Fast Company’s World’s Most Innovative Companies, and New York was the 5th most awarded agency at the Cannes Lions International Festival of Creativity, due to its creative renaissance and strong client relationships.
“We are thrilled to be working with Groupon,” said Nancy Reyes, president, TBWAChiatDay New York. “We love their business and the team, and we are incredibly excited to bring the creative ideas to life and to help more people discover how Groupon can enhance their lives.”
TBWA’s first work for Groupon will launch in the first half of the year.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
About TBWAWorldwide
TBWA is The Disruption® Company: the cultural engine for 21st century business. Named one of the World's Most Innovative Companies by Fast Company and Adweek's 2018 Global Agency of the Year, we create disruptive ideas that locate and involve brands in culture, giving them a larger share of the future. Our collective has 11,300 creative minds across 275 offices in 95 countries and also includes brands such as Auditoire, Digital Arts Network (DAN), eg+ worldwide, GMR, The Integer Group®, TBWAMedia Arts Lab, TBWAWorldHealth and TRO. Global clients include adidas, Apple, Gatorade, Henkel, Hilton Hotels, McDonald's, Nissan and Singapore Airlines. Follow us on Twitter, LinkedIn and Instagram, and like us on Facebook. TBWA is part of Omnicom Group (NYSE: OMC).
About Omnicom Group Inc.
Omnicom Group Inc. (NYSE: OMC) (http://www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20200115005816/en/
Media Contacts:
Groupon
Nick Halliwell
312.999.3812
nhalliwell@groupon.com
TBWA
Anaka Kobzev
212.804.1196
anaka.kobzev@tbwaworld.com
Groupon Expands MINDBODY Partnership—Connecting Users with Thousands More Bookable Fitness, Beauty & Wellness Experiences
Groupon (GRPN) Announces Distribution Partnership with AMC Theatres (AMC)
December 3, 2018 10:46 AM
Today, Groupon (NASDAQ: GRPN) announced a distribution partnership with AMC Theatres (NYSE: AMC), the world’s largest movie exhibitor. Under the terms of the agreement, Groupon marketplace users will have greater access to the movies through AMC’s thousands of theaters and screens across the United States.
Groupon Partners with South East Chicago Commission to Drive More Traffic into Hyde Park’s Small Businesses
Source: Business Wire
New campaign marks the 9th time Groupon has featured an entire neighborhood of Chicago businesses
Groupon (www.groupon.com) (NASDAQ: GRPN), which has pumped more than $20 billion into local communities, today announced the launch of Discover Hyde Park––a community-wide Groupon campaign designed to attract the attention of all Chicagoans to the amazing cross section of small businesses in Chicago’s Hyde Park neighborhood. Through a joint effort with the South East Chicago Commission and Downtown Hyde Park Chicago, Discover Hyde Park features some of the neighborhood’s top experiences, including things to do, mouth-watering eats and more.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191030005725/en/
?
Groupon's new Hyde Park campaign features small businesses from the South Side neighborhood. (Graphic: Business Wire)
“Hyde Park is an amazing community, home to some of our city’s biggest cultural attractions, but it also has many great local businesses that a good number of Chicagoans have never explored,” said Groupon’s Head of Social Responsibility Matthew Kruse. “From our conversations with small business owners, knowing where to advertise their business and not having the time to effectively market what they do are two of their biggest challenges. Discover Downtown helps them overcome these barriers and do it in a way that also celebrates the uniqueness of their neighborhood –– providing more Chicagoans with the opportunity to try their one-of-kind local experiences.”
Discover Hyde Park is the ninth Chicago neighborhood to participate in Groupon’s Discover Downtown series that helps shine a spotlight on various Chicagoland neighborhoods and drive small business commerce. Since the first Discover Downtown campaign launched in 2015, the campaigns have resulted in driving more than 32,000 people into more than 150 local businesses.
"It's great to see a Chicago-based company using the power of their platform to promote the incredible, diverse cross-section of small businesses that we have in Hyde Park to all of Greater Chicagoland," said Illinois State Sen. Robert Peters, District 13, and a former Groupon employee and founding member of the company's African-American employee resource group. "While I'm a tad biased, we have some of the best and most innovative small businesses in the city, and I can't wait for more people to experience everything they have to offer."
In conjunction with the Discover Hyde Park collection, Groupon issued a $5,000 grant to the South East Chicago Commission to support its recent regional economic development symposium, Fueling Our Economic Evolution. The event brought together entrepreneurs, business executives, property owners, investors, practitioners, civic and policy leaders to discuss ways to strengthen the lakefront’s economic development and growth as well as the business districts and communities of Hyde Park, Kenwood, Oakland, Washington Park and Woodlawn. Additionally, Groupon sponsored the Silver Room Sound System Block Party earlier this year which gathered over 46,000 attendees to shop, dance and commune in the Hyde Park community.
“We’re very grateful to Groupon for their support of our recent symposium which helped bring together people from all walks of life and backgrounds from the community to chart a successful course for our neighborhood,” said Executive Director, Diane Burnham, South East Chicago Commission. “Our organization’s mission centers around job creation, community investment and economic vitality, and we couldn’t achieve any of these things without the local businesses that have chosen to call Hyde Park their home, the support of our community and all of Greater Chicagoland.”
Businesses featured in the Discover Hyde Park collection include:
Rajun Cajun
Sweet Head Naturals
Sophisticated Movement
Hyde Park Fencing
Te'Amo Boba Bar
Sophy Hotel
PorkChop
WeJam DJ Academy, LLC
Mikkey's Retro Grill
American Walks
Jolly Pumpkin Pizzeria and Brewery
Tooth Fairy World
Ink My Image
Gentlecuts
Empowering Wellness 360
Chicagoland Hearing Aid Centers
Building great communities is one of Groupon’s five core values, and the company is committed to continuing to promote initiatives that help foster economic development and growth of small businesses. For more information about Groupon’s community-building initiatives, please visit https://community.groupon.com.
To visit the Discover Hyde Park collection, shoppers can visit https://www.groupon.com/occasion/discover-hyde-park. Pilsen, Beverly Hills/Morgan Park, Bronzeville, Edgewater, Lincoln Park, Uptown, Rogers Park and West Town neighborhoods have also participated in Groupon’s Discover Downtown series.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
About South East Chicago Commission
Founded in 1952, the South East Chicago Commission (SECC) is a community-based not-for-profit organization focused on enhancing economic development in five neighborhoods on the south side of Chicago: Hyde Park, Woodlawn, Washington Park, Kenwood and Oakland. For more information, please visit https://www.secc-chicago.org.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20191030005725/en/
Groupon
Dana Van Duerm
dvanduerm@groupon.com
312.662.7786
South East Chicago Commission
Diane Burnham
diane@secc-chicago.org
773.324.6926
Out $GRPN in $CVSI
Are These 2 Penny Stocks Ready To Rebound In November?
$NIO $GRPN
https://www.transparenttraders.me/2019/10/are-these-2-penny-stocks-ready-to.html
Groupon to Webcast Third Quarter 2019 Financial Results Conference Call
Source: Business Wire
Groupon, Inc. (NASDAQ: GRPN) announced today that it intends to hold a conference call to discuss its third quarter 2019 financial results on Tuesday, November 5, 2019, at 10:00am EST. Groupon plans to publish a letter to stockholders along with its third quarter 2019 financial results after the close of market trading on Monday, November 4, 2019.
A webcast of the conference call can be accessed live at investor.groupon.com. A replay of the webcast will be available through the same link following the conference call, along with the stockholder letter, earnings press release, financial tables and slide presentation.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company's merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20191021005755/en/
Investor Relations Contact:
Jennifer Beugelmans
312-662-7370
ir@groupon.com
Media Relations Contact:
Bill Roberts
312-459-5191
press@groupon.com
Groupon Expands MINDBODY Partnership—Connecting Users with Thousands More Bookable Fitness, Beauty & Wellness Experiences i...
Source: Business Wire
Agreement builds on the existing scheduling partnership between the two companies, enabling merchants that work with Groupon to integrate their MINDBODY accounts with Groupon promotions
Groupon (NASDAQ: GRPN), which aims to become the daily habit in local commerce by connecting people to a vibrant, global marketplace for local services, experiences and goods, today announced an expansion of the company’s existing relationship with MINDBODY.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191016005502/en/
?
Groupon is expanding its partnership with MINDBODY to connect Groupon users with thousands more bookable fitness, beauty and wellness experiences in their local neighborhoods. (Photo: Business Wire)
The partnership between the two companies enhances Groupon’s supply of fitness, beauty and wellness options via the MINDBODY network, enabling users to find and discover new local experiences offered by fitness, beauty and wellness businesses in their neighborhoods.
“Through an expanded partnership with MINDBODY, we’re excited to significantly increase the ability of our users to discover and book more choices in one of our largest and most important categories,” said Tim Eby, VP and GM of health, beauty and wellness, Groupon. “This is the latest way that we’re transforming Groupon into more of a daily utility for customers and making our marketplace more bookable and voucherless.”
MINDBODY is the leading technology platform for the wellness industry with the clearly defined purpose of connecting the world to wellness. Local entrepreneurs worldwide use MINDBODY’s integrated software and payments platform to run, market and grow their businesses. Consumers use MINDBODY to more easily find, engage and transact with fitness, beauty and wellness providers in their local communities.
“We’re thrilled to expand our relationship with Groupon by connecting MINDBODY customers to the Groupon platform and enabling seamless bookings for consumers who purchase a service on Groupon,” said Josh McCarter, President of MINDBODY. “In the past years, MINDBODY has delivered new partnerships and services that enable its boutique fitness, beauty and wellness businesses to attract and retain more consumers. With this partnership, our customers will be able to easily promote their services to Groupon’s 29 million consumers in North America.”
The Groupon and MINDBODY scheduling partnership is already live—and scaling. The inventory partnership between the two companies will go live early next year.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
About MINDBODY
MINDBODY is the leading technology platform for the wellness industry. Local entrepreneurs worldwide use MINDBODY’s integrated software and payments platform to run, market and grow their businesses. Consumers use MINDBODY to more easily find, engage and transact with fitness, wellness and beauty providers in their local communities. For more information on how MINDBODY is helping people lead healthier, happier lives by connecting the world to fitness, beauty and wellness, visit MINDBODYonline.com.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20191016005502/en/
Media Contacts:
Groupon
Nick Halliwell
312.999.3812
nhalliwell@groupon.com
MINDBODY
Tracy Richmond
805.586.3226
tracy.richmond@mindbodyonline.com
Survey: More Than Half of Women Small Business Owners Had to Overcome Greater Obstacles Than Their Male Counterparts
Source: Business Wire
? Groupon is celebrating women-owned businesses during October’s National Women’s Small Business Month
? Survey of more than 850 women small business owners ranked Texas, Illinois, Michigan, Indiana and Tennessee as the best states for women to start their own business
? Fifty-four percent of respondents said they feel it’s likely that the U.S. economy will go through a recession in the next 12 months
With one out of every five small businesses failing before the end of their first year*, opening and running your own business is an enormous challenge. According to a new Groupon survey, it’s even tougher for female entrepreneurs with more than half of respondents, 56 percent, saying that they had to overcome greater obstacles than their male counterparts and nearly 50 percent of respondents saying that they were held to a higher standard when trying to open their own business.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191002005773/en/
?
Groupon is celebrating women-owned businesses during October’s National Women’s Small Business Month. (Graphic: Business Wire)
The poll, commissioned by Groupon (NASDAQ: GRPN) for October’s National Women’s Small Business Month, surveyed more than 850 women small business owners to find out what sort of challenges they face, the best states for women to open their own business, why these entrepreneurs decided to become their own boss, how they achieved success and the most important issues they want to see addressed in the 2020 presidential election.
“As one of the largest marketplaces of small businesses anywhere in the world, we’re thrilled to honor female entrepreneurs and recognize the contributions and value they bring to our lives on a daily basis and to the communities we call home,” said Sarah Butterfass, chief product officer and Women at Groupon executive sponsor. “Many of the women that we interviewed had to overcome unique challenges in order to get their business off the ground and offered a number of key insights for other women thinking about starting their own business.”
Overcoming Unexpected Challenges
Seventy-one percent of women small business owners reported that they faced unexpected challenges when they opened their business. Some of these challenges included: balancing a business and a family, struggling to be taken seriously, defying social norms, owning their own accomplishments and gaining access to capital. Thirty-four percent of women small business owners said they had to finance the opening of their own business through personal savings or by borrowing from a retirement account.
Ranking the Best States to Start Your Own Business
Taking into account a number of different factors such as barriers to entry, economic conditions and available small business resources, Texas, Illinois, Michigan, Indiana and Tennessee ranked as the best states for women to start their own business. Massachusetts, New Jersey, Washington, South Carolina and Ohio rounded out the top 10. The top five ways identified by survey respondents in which state officials can help small businesses are: lowering or simplifying taxes, offering more small business resources, improving access to healthcare and insurance benefits, making housing more affordable and creating greater access to capital.
Becoming Your Own Boss
According to the survey results, being your own boss, having a flexible schedule, pursuing your passions, gaining more control over your future and receiving equitable pay were the top five biggest reasons women went into business for themselves.
Achieving Success
Of surveyed respondents, it took an average of nearly three years to make their small business a success. Entrepreneurs said that putting in the hard work, taking pride in the quality of their product or service, building a personal network, serving an underserved market or space and having innovative business ideas were the biggest keys to their success. Thirty-six percent of survey participants said they work more than 40 hours per week, and 76 percent stay up at night worrying about the success of their business.
Making Their Voices Heard in the 2020 Election
Women small business owners were split on the Trump administration’s impact on small business ––32 percent of those surveyed said that the administration has had a positive impact on their business and 31 percent said that it has had a negative impact. When it comes to the Democratic presidential candidates, more than half of the women small business owners who plan to vote during the primaries don’t think any of the candidates will positively impact small businesses. Of the respondents who expressed a preference, Sen. Elizabeth Warren was identified as the leading candidate who could have a positive impact on small businesses. The Massachusetts senator was followed by former Vice President Joe Biden, Sen. Bernie Sanders and Sen. Kamala Harris.
The top election issues identified by women small business owners were the following: healthcare, taxes, immigration, the economy and gun control. Finally, 54 percent of respondents said they feel it’s likely that the U.S. economy will go through a recession in the next 12 months.
National Women’s Small Business Month was created by the Small Business Administration to celebrate the contributions of women-owned businesses. According to the American Express 2019 annual State of Women-owned Businesses Report, there are nearly 13 million women-owned businesses in the United States––supporting over 9 million jobs and generating $1.9 trillion in revenue.**
Throughout the month, Groupon (gr.pn/WomensSmallBusinessMonth) is featuring promotions from women-owned businesses who’ve used Groupon to increase awareness and build their customer base.
Building great communities is one of Groupon’s five core values, and the company is committed to continuing to promote initiatives that help foster economic development and growth of small businesses. For more information about Groupon’s community-building initiatives, please visit https://community.groupon.com.
*https://www.sba.gov/sites/default/files/advocacy/Frequently-Asked-Questions-Small-Business-2018.pdf
**https://about.americanexpress.com/sites/americanexpress.newshq.businesswire.com/files/doc_library/file/2019-state-of-women-owned-businesses-report.pdf
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20191002005773/en/
Media Contact:
Groupon
Nick Halliwell
312.999.3812
nhalliwell@groupon.com
Groupon Partners with DerbySoft to Make Finding and Booking a Hotel Room Even Easier
Source: Business Wire
Agreement enables Groupon to work with more hotels and expands instant booking
Groupon (NASDAQ: GRPN) today announced a partnership with DerbySoft––a leading connector of travel suppliers and distributors––that paves the way for Groupon’s travel business, Groupon Getaways, to work with more of the world’s leading hotel brands and expands the ability across its platform to instantly access room availability, view nightly rates and directly book reservations. For DerbySoft, the agreement gives their supply partners access to Groupon’s 29 million customers in North America––helping them to better achieve their goals, drive sales and increase revenue growth.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190925005549/en/
“Partnering with DerbySoft furthers our goal of making experiential travel more accessible and bookable for consumers,” said Louisa Balach, North America general manager of Groupon Getaways. “They have a strong reputation throughout the industry and this partnership will make it even easier for top hotels and resorts to work with us –– providing greater choice and a more seamless booking experience for our customers.”
Booking is a key part of Groupon’s voucherless initiative aimed at improving the redemption experience, providing always-on availability, giving consumers more reasons to buy and opening up the Groupon marketplace to a broader range of suppliers. Groupon increased bookable inventory 12 percent year over year* and booked tens of millions of travelers, diners, concert goers, spa visitors and more in 2018.
DerbySoft has partnerships with all the top 10 global hotel groups, the leading third-party central reservation systems and hundreds of regional hotel chains. On the demand side, DerbySoft is connected to all the major online travel agencies, metasearch engines, wholesalers and tour operators from around the world.
“We’re very excited to partner with Groupon and provide our partners with even greater inventory distribution through their ecommerce marketplace,” said Duane Overgaard, VP and GM of Connectivity for DerbySoft. “Groupon is a well-respected brand, and we look forward to helping them connect more travelers to their favorite destinations across our supplier network as well as potentially expanding into tours, activities and ticketing.”
Groupon currently features 40,000 hotels and resorts in the U.S. and around the world through its Groupon Getaways North America marketplace with Orlando, Las Vegas, New York City, Niagara Falls and Myrtle Beach as some of the top-selling destinations.
Groupon had nearly $560 million in global travel billings in 2018.
The Groupon and DerbySoft integration is expected to launch before the end of the year.
*2018 vs. 2017
Note on Forward-Looking Statements
The statements contained in this release that refer to plans and expectations for the next quarter, the full year or the future are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding our future results of operations and financial position, business strategy and plans and our objectives for future operations. The words "may," "will," "should," "could," "expect," "anticipate," "believe," "estimate," "intend," "continue" and other similar expressions are intended to identify forward-looking statements. We have based these forward looking statements largely on current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Such risks and uncertainties include, but are not limited to, risk related to volatility in our operating results; execution
of our business and marketing strategies; retaining existing customers and adding new customers; challenges arising from our international operations, including fluctuations in currency exchange rates, legal and regulatory developments and any potential adverse impact from the United Kingdom's likely exit from the European Union; retaining and adding high quality merchants; our voucherless offerings; cybersecurity breaches; reliance on cloud-based computing platforms; competing successfully in our industry; changes to merchant payment terms; providing a strong mobile experience for our customers; maintaining our information technology infrastructure; delivery and routing of our emails; claims related to product and service offerings; managing inventory and order fulfillment risks; litigation; managing refund risks; retaining and attracting members of our executive team; completing and realizing the anticipated benefits from acquisitions, dispositions, joint ventures and strategic investments; lack of control over minority investments; tax liabilities; tax legislation; compliance with domestic and foreign laws and regulations, including the CARD Act, GDPR and regulation of the Internet and e-commerce; classification of our independent contractors; protecting our intellectual property; maintaining a strong brand; customer and merchant fraud; payment-related risks; our ability to raise capital if necessary and our outstanding indebtedness, including refinancing our credit facility; global economic uncertainty; our common stock, including volatility in our stock price; our convertible senior notes; and our ability to realize the anticipated benefits from the hedge and warrant transactions. For additional information regarding these and other risks and uncertainties, we urge you to refer to the factors included under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2018, and Quarterly Reports on Form 10-Q and our other filings with the Securities and Exchange Commission, copies of which may be obtained by visiting the company's Investor Relations web site at investor.groupon.com or the SEC's website at www.sec.gov. Groupon's actual results could
differ materially from those predicted or implied and reported results should not be considered an indication of future performance. You should not rely upon forward-looking statements as predictions of future events. Although Groupon believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. Moreover, neither Groupon nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. The forward-looking statements reflect our expectations as of September 24, 2019. We undertake no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in our expectations.
About DerbySoft
DerbySoft enables travel companies to work together through technology and innovation. As the leading provider of high-performance hotel distribution, DerbySoft connects distributors and suppliers through the Connectivity Suite by offering streamlined connectivity at both the CRS and PMS levels. DerbySoft also provides solutions for suppliers through the Digital Marketing Suite, which uses machine learning and rich data to drive high-performing digital marketing campaigns, and the Content Suite, a platform for collecting, managing and distributing quality hotel content to drive higher booking conversions.
With six offices around the globe and over 300 employees in over 11 countries, DerbySoft continues to grow and develop the next generation of online hotel distribution infrastructure. Derbysoft.com
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20190925005549/en/
Media Contacts:
Groupon
Nick Halliwell
312.999.3812
nhalliwell@groupon.com
DerbySoft
Caroline B. Terry
469.480.7985
caroline.terry@derbysoft.net
Groupon Partners with Rogers Park Business Alliance to Draw More Chicagoans into the Neighborhood’s Small Businesses
Source: Business Wire
New campaign marks the 8th time Groupon has featured an entire neighborhood of Chicago businesses
Groupon (www.groupon.com) (NASDAQ: GRPN), which has pumped more than $20 billion into local communities, today announced the launch of Discover Rogers Park––a community-wide Groupon promotion designed to attract the attention of all Chicagoans to the amazing cross section of small businesses in Chicago’s diverse Rogers Park neighborhood. Through a joint effort with the nonprofit Rogers Park Business Alliance, Discover Rogers Park features some of the neighborhood’s top cultural attractions, things to do, delicious eats and more.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190911005613/en/
?
Groupon is currently running Discover Rogers Park––a community-wide Groupon promotion designed to attract the attention of all Chicagoans to the amazing cross section of small businesses in Chicago’s diverse Rogers Park neighborhood. (Photo: Business Wire)
Discover Rogers Park is the eighth Chicago neighborhood to participate in Groupon’s Discover Downtown series that helps shine a spotlight on various areas of the city in order to raise awareness and drive small business commerce. Since the first Discover Downtown campaign launched in 2015, the campaigns have resulted in driving more than 30,000 people into more than 130 local businesses.
“While we’re a bit biased since our headquarters is based in Chicago, our city has one of the largest and best collections of small businesses anywhere in the world,” said Groupon’s Head of Social Responsibility Matthew Kruse. “Every time we run one of these Discover Downtown campaigns it’s incredibly exciting for us to see people from all over Chicagoland visit businesses and explore neighborhoods they’ve never experienced before.”
In conjunction with the Discover Rogers Park collection, Groupon issued a $5,000 grant to the Rogers Park Business Alliance to support its upcoming Taste of Clark Street event on Sept. 22, 2019. Taste of Clark Street showcases Rogers Park’s diverse dining scene, with local restaurants sampling their signature dishes as well as live music and family activities throughout the afternoon.
“We’re thrilled to join forces with Groupon to continue to strengthen business and build community in Rogers Park,” said Sandi Price, executive director, Rogers Park Business Alliance. “This is a thriving and diverse community of businesses and residents. We’re excited to show what we have to offer Groupon’s millions of local subscribers. Their support for our upcoming Taste of Clark Street will go a long way towards making this another successful event that brings all of us closer together.”
Businesses featured in the Discover Rogers Park collection include:
Glenwood Dance Studio
Bark Place
Leather Archives & Museum
Rogers Park/West Ridge Historical Society
Roberts Cycle
Curls & Company
Hip Circle Empowerment Center
Salon Zoey
GingerSlam Nail Bar
Fonda Dona Mari
Nueva Italy Pizzeria
North Loft Yoga
Sweet Magic Studio
Building great communities is one of Groupon’s five core values, and the company is committed to continuing to promote initiatives that help foster economic development and growth of small businesses. For more information about Groupon’s community-building initiatives, please visit https://community.groupon.com.
To visit the Discover Rogers Park collection, shoppers can visit https://www.groupon.com/occasion/rogers-park. Pilsen, Beverly Hills/Morgan Park, Bronzeville, Edgewater, Lincoln Park, Uptown and West Town neighborhoods have also participated in Groupon’s Discover Downtown series.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
About Rogers Park Business Alliance
Rogers Park Business Alliance (RPBA) is a 501c3 non-profit organization established in 1993. RPBA works in the areas of business, community and economic development. We employ a professional staff and are governed by a volunteer Board of Directors composed of local business owners, residents and other stakeholders.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20190911005613/en/
Press Contacts:
Groupon
Nick Halliwell
nhalliwell@groupon.com
312.999.3812
RPBA
Elizabeth Neukirch / The Silverman Group
elizabeth@silvermangroupchicago.com
312.932.9950
Direct buy.
Statement of Changes in Beneficial Ownership (4)
Source: Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Bass Robert J2. Issuer Name and Ticker or Trading Symbol
Groupon, Inc. [ GRPN ]5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O GROUPON, INC., 600 WEST CHICAGO AVENUE3. Date of Earliest Transaction (MM/DD/YYYY)
8/30/2019(Street)
CHICAGO, IL 60654(City) (State) (Zip)4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned1.Title of Security
(Instr. 3)2. Trans. Date2A. Deemed Execution Date, if any3. Trans. Code
(Instr. 8)4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)7. Nature of Indirect Beneficial Ownership (Instr. 4)CodeVAmount(A) or (D)PriceCommon Stock 8/30/2019 P(1) 50000 A$2.58 341904 (2)D
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)1. Title of Derivate Security
(Instr. 3)2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)8. Price of Derivative Security
(Instr. 5)9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:(1) The reported price reflects the weighted average sale price per share for the transactions on August 30, 2019. The price per share for such transactions ranged from $2.57 to $2.58. Full information regarding the number of shares sold at each separate price will be provided to the United States Securities and Exchange Commission, the Issuer or a security holder of the Issuer upon a request for such information.(2) The amount of shares reported on this line includes previously reported restricted stock unit awards that are subject to Mr. Bass' continued service as a director of the Issuer through the vesting date.
Reporting Owners
Reporting Owner Name / AddressRelationshipsDirector10% OwnerOfficerOtherBass Robert J
C/O GROUPON, INC.
600 WEST CHICAGO AVENUE
CHICAGO, IL 60654X
Signatures
/s/ Erin G. Stone, by Power of Attorney9/4/2019**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.*If the form is filed by more than one reporting person, see Instruction 4(b)(v).**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Groupon acquires Presence AI for an undisclosed sum
by Kelly Earley
16 HOURS AGO93 VIEWS
?
The Groupon homepage on a laptop screen. Image: Casimiro_PT/Depositphotos
???????
The purchase was Groupon’s first public acquisition of the year, after it snapped up Vouchercloud for $65m in 2018.
On Thursday (8 August), Groupon announcedthat it has acquired AI-powered text and voice communications tool Presence AI. Terms of the acquisition were not disclosed.
San Francisco-based Presence AI offers a 24/7 business assistant, which enables messaging between customers and merchants. It can be integrated with a merchant’s existing scheduling software to accept and manage bookings, provide instant answers to customer questions, and remind people when it’s time to re-book, among other features.
Founded in 2015, Presence AI operates in the health, beauty and wellness space, which is one of Groupon’s largest categories. Last year, Presence AI attracted $20,000 in seed funding, with Amazon’s Alexa Fund serving as one of the investors.
Groupon’s chief product officer, Sarah Butterfass, said: “We’re pleased to welcome the Presence AI team and their booking technology to Groupon … Presence AI’s technology is very complementary to what we’ve been building into our existing booking experience and will accelerate our roadmap with its text- and chat-based interface.”
Presence AI co-founder and CEO Michel Meyer added: “We’re very excited to join Groupon and continue transforming client conversations through the use of artificial intelligence. With more than 3m text messages generated last year, Presence AI is saving merchants time and generating additional revenues. We can’t wait to bring our technology to more businesses.”
The purchase was Groupon’s first public acquisition of 2019, after it snapped up Vouchercloud for $65m in May 2018.
Chicago-headquartered Groupon reported increasing its bookable inventory by 12pc year on year, and said that it has booked tens of millions of concerts, dinners, spa visits and other activities for its customers in the past year. In April, the company announced that it had hit 200m app downloads.
Groupon has the third-most visited retail app in the US, behind Amazon and Walmart, and the sixth-highest rated iOS app of all time. The company said that more than 80pc of customers who shop with the e-commerce giant do so via a mobile device.
The Groupon homepage on a laptop screen. Image: Casimiro_PT/Depositphotos
Groupon Buys AI Tool To Offer Text, Chat Bookings
? PYMNTS
16 hours ago
??
Groupon has acquired an AI-driven voice and text messaging tool called Presence AI, according to a press release.
The tool is meant to enhance a customer’s ability to communicate with a merchant. A study by eMarketer shows that most people, especially millennials, prefer to chat or message instead of calling on the phone.
Presence AI will solve this issue for Groupon by allowing a 24/7 assistant that will directly integrate with a businesses’ existing software for scheduling and to remove the need for paperwork. It will handle bookings, give answers right away when a customer asks a question, and it will also be able to remind customers when they need to re-book.
“We’re pleased to welcome the Presence AI team and their booking technology to Groupon,” said Groupon Chief Product Officer Sarah Butterfass. “Booking is a key part of our voucherless initiative aimed at improving the redemption experience, providing always-on availability, giving consumers more reasons to buy through Groupon and opening up our marketplace to a broader range of merchants. Presence AI’s technology is very complementary to what we’ve been building into our existing booking experience and will accelerate our roadmap with its text- and chat-based interface.”
Groupon has been steadily growing, with its bookable inventory going up 12 percent year-over-year. The company said it booked tens of millions of concerts, dinners, spa visits and other activities for its customers last year. As the company moves toward “universal bookability” for certain things, it said that Presence AI’s tech is going to give merchants the support they need.
“We’re very excited to join Groupon and continue transforming client conversations through the use of artificial intelligence,” said Presence AI Co-founder and CEO Michel Meyer. “With more than 3 million text messages generated last year, Presence AI is saving merchants time and generating additional revenues. We can’t wait to bring our technology to more businesses.”
——————————–
Latest Insights:
The Which Apps Do They Want Studyanalyzes survey data collected from 1,045 American consumers to learn how they use merchant apps to enhance in-store shopping experiences, and their interest in downloading more in the future. Our research covered consumers’ usage of in-app features like loyalty and rewards offerings and in-store navigation, helping to assess how merchants can design apps to distinguish themselves from competitors.
??
Categories: Partnerships / Acquisitions
Tags: Acquisition, AI, booking, chat, Groupon, Messaging, Millennials, News, Presence, Text, What's Hot
PYMNTS.com
Back to top
Groupon Launches Groupon Select––New Membership Program Providing Access to Exclusive Savings and Insider Perks
Source: Business Wire
Groupon Select benefits include an extra 25% off local deals in your neighborhood, an extra 15% off plus free shipping on all Groupon Goods orders and an extra 10% off travel, live events and tickets––all for just $4.99 a month
Aug. 7 “Select Day” launch celebration offers members 50% off one eligible item
Groupon (www.groupon.com) (NASDAQ: GRPN) today announced the launch of a new membership program, Groupon Select (https://www.groupon.com/select), designed to increase engagement and repeat purchase rates by rewarding customers with exclusive savings and insider perks. For just $4.99 per month, Groupon Select members receive discounts across Groupon, including local services, experiences, travel and goods (plus free shipping)––with discounts automatically applied at checkout (no promo codes to enter) and no savings caps or order minimums. And to help celebrate the launch of Select, Groupon is holding a one-day Select Day promotion (starting at 12:00 a.m. EDT on Weds., Aug. 7) offering existing and new Select members 50% off one eligible item!1
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190806005975/en/
?
For just $4.99 per month, Groupon Select members receive discounts across Groupon, including local services, experiences, travel and goods (plus free shipping)––with discounts automatically applied at checkout (no promo codes to enter) and no savings caps or order minimums. (Graphic: Business Wire)
“Groupon Select is the best way to experience Groupon today and discover even more value on local services, experiences and goods. It accelerates the savings we’re known for and makes Groupon an even bigger part of members’ daily routines,” said Groupon CEO Rich Williams. “Stay tuned for a number of exciting new Select features and benefits that we have in store to make it even more indispensable to members.”
The full benefits of becoming a Groupon Select member include:2
Extra 25% off Local––activities, restaurants and spas
Extra 15% off and free shipping (with no minimums) off Goods orders––consumer electronics, home furnishings and apparel
Extra 10% off Getaways––hotels, weekend getaways and air-inclusive trips
Extra 10% off Events and Tickets––concerts, sports and other live shows
$5 Starbucks gift card after the first payment3
Additional Select membership benefits include: exclusive discounts on popular brands (major sports teams, theme parks and cultural attractions) and no restrictions on the number of deals that can be purchased each day4. And coming soon, as part of Groupon’s integration with AMC Theatres, Select membership benefits will include 25% off movie tickets!5
Groupon Select is currently available in the United States with plans to expand internationally.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
1 Valid on 1 deal only per customer while supplies last. Max $50 discount. Ends 8/7. Some exclusions apply. Discount will be applied automatically at checkout on eligible deals. Must have a Groupon Select subscription, which is only available in the U.S. Not valid on prior purchases. Cannot be combined with promo codes or the everyday Groupon Select discount.
2 Some exclusions apply. Applicable discount will be shown at checkout.
3 Limited quantity available. First come, first served. Starbucks and the Starbucks Logo are registered trademarks of Starbucks Corporation. Starbucks is not a participating partner or sponsor in this offer.
4Some limitations apply.
5Some limitations apply.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20190806005975/en/
Media Contact:
Groupon
Nick Halliwell
312.999.3812
nhalliwell@groupon.com
Groupon Employees Volunteered a Record-Setting 14,000 Hours in Their Local Communities Last Month
Source: Business Wire
Sixth annual employee volunteer-a-thon resulted in more than 2,500 employees volunteering in 90 communities around the world
Groupon today unveiled the results of its sixth annual global employee volunteer-a-thon (https://community.groupon.com/groupon-employees-volunteered-a-record-setting-14000-hours-in-their-local-communities-last-month/), a company-wide initiative that encourages employees during the month of June to get involved in their local communities and connects them with the causes they care about the most. This year’s event resulted in more than 2,500 employees volunteering a record-setting 14,000 hours with more than 100 nonprofit partners, serving 90 communities around the world.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190722005573/en/
?
Groupon's 2019 employee volunteer-a-thon resulted in more than 2,500 employees volunteering a record-setting 14,000 hours with more than 100 nonprofit partners - serving 90 communities around the world. (Graphic: Business Wire)
“Once again, we continue to be blown away by the bar-raising levels of volunteer engagement and leadership shown by Groupon employees in their local communities,” said Groupon’s President of North America and Groupon Volunteers executive sponsor Aaron Cooper. “Our annual employee volunteer-a-thon has grown into a true celebration of our year-long commitment to local communities.”
Highlights of the 2019 Groupon employee volunteer-a-thon’s nearly 200 events included:
Greater Chicago Food Depository: A team of 100 Grouponers took over the warehouse at Greater Chicago Food Depository and sorted more than 11,000 pounds of sweet potatoes and rice to be distributed to local food banks across the Chicagoland area. The day prior, another 200 volunteers assembled 40,000 meals onsite at our headquarters office that were also donated to GCFD.
Seattle Discovery Park: Seattle-based volunteers spent the day at the beautiful Discovery Park with Mountain to Sound Greenway participating in some natural habitat restoration. Volunteers moved 30 yards of mulch in under an hour, covering a large area in preparation for tree planting this fall.
Students Visit Groupon Warsaw: Groupon’s Warsaw office welcomed children from Stowarzyszenie Serduszko dla Dzieci. Teens had a packed agenda attending panel discussions put on by Grouponers, an office tour, lunch and resume writing workshops.
Dublin’s My Lovely Horse Rescue: Grouponers went in the fields outside of Dublin to support My Lovely Horse Rescue charity. My Lovely Horse gives abandoned horses a second home. Volunteers spent the day tidying up and cleaning the stables.
Throughout the month, Groupon teams competed to be the most involved in their local community, with the winners getting the opportunity to award $10,000 to the charity of their choice, as well as sport this one-of-kind Groupon Volunteer-a-thon jacket.
With more than 70 percent of team members participating in June alone, the 2019 volunteer-a-thon winner is the Groupon Asia Pacific Shared Service Centers in Bangalore and Chennai, India. Some of the volunteer projects completed by these teams included:
Bangalore Seedball Creation: Groupon volunteers in Bangalore came together with SayTrees to create 100,000 seed balls (seeds native to the state) which will be spread throughout India to increase the green cover.
Chennai Walk-a-thon to Save Water: Groupon’s Engineering team in Chennai participated in a walk-a-thon to create awareness around the current water shortage. During the event, volunteers spoke to the public about how locals can make a positive impact by saving water.
Since 2011, Groupon employees have volunteered more than 126,000 hours in their local communities. For more information about Groupon’s community involvement initiatives, please visit community.groupon.com.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20190722005573/en/
Media Contact:
Groupon
Nick Halliwell
312.999.3812
nhalliwell@groupon.com
Insider DIRECT BUT. NICE
Statement of Changes in Beneficial Ownership (4)
Source: Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
BARRIS PETER J2. Issuer Nameand Ticker or Trading Symbol
Groupon, Inc. [ GRPN ]5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
1954 GREENSPRING DRIVE, SUITE 6003. Date of Earliest Transaction(MM/DD/YYYY)
7/17/2019(Street)
TIMONIUM, MD 21093(City) (State) (Zip)4. If Amendment, Date Original Filed(MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned1.Title of Security
(Instr. 3)2. Trans. Date2A. Deemed Execution Date, if any3. Trans. Code
(Instr. 8)4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)7. Nature of Indirect Beneficial Ownership (Instr. 4)CodeVAmount(A) or (D)Price
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)1. Title of Derivate Security
(Instr. 3)2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)8. Price of Derivative Security
(Instr. 5)9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of SharesDeferred Stock Unit Award (Right to Receive) $0.00 7/17/2019 A 5987 (1) (1)Common Stock 5987 $0.00 137025 D
Explanation of Responses:(1) The Reporting Person has received an exempt award of Deferred Stock Units ("DSUs") under the Issuer's Non-Employee Director Compensation Plan. DSUs represent a right to receive shares of the Issuer's Common Stock (or, in the sole discretion of the Issuer's Board of Directors following a change in control, cash, securities or a combination of cash and securities equal to the fair market value thereof) upon termination of service as a Director of the Issuer. The Reporting Person has elected to receive DSUs in lieu of the annual retainer fees payable for services on the Issuer's Board of Directors and any committees thereof. The DSUs are awarded on the date such fees would otherwise be payable (i.e., quarterly in arrears). The DSUs are immediately vested.
Reporting Owners
Reporting Owner Name / AddressRelationshipsDirector10% OwnerOfficerOtherBARRIS PETER J
1954 GREENSPRING DRIVE
SUITE 600
TIMONIUM, MD 21093X
Signatures
/s/ Sasha Keough, attorney-in-fact7/19/2019** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.*If the form is filed by more than one reporting person,see Instruction 4(b)(v).**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Groupon and Prodege Announce Card-Linked Offers Distribution Partnership
Source: Business Wire
Rewards program members will earn cash back or points with Groupon’s local food and drink offers
Today, Groupon (NASDAQ: GRPN), the global marketplace for local services, experiences and goods, announced a U.S. distribution partnership with Prodege, an internet and media company that is dedicated to creating rewarding moments for its members and has awarded them more than $700 million in cash and free gift cards. Under the terms of the deal, Groupon will provide Prodege with local restaurants and other merchants’ card-linked offer content. Prodege rewards program members will be able to load those offers directly onto an eligible payment card, and they’ll receive either cash back or valuable rewards points that they can redeem for gift cards from popular retailers.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190709005541/en/
?
Groupon, the global marketplace for local services, experiences and goods, announced a U.S. distribution partnership with Prodege, an internet and media company that is dedicated to creating rewarding moments for its members and has awarded them more than $700 million in cash and free gift cards. (Photo: Business Wire)
“We’re thrilled to partner with Prodege to bring their members additional value. This distribution partnership follows the increased demand trend that we’ve seen for more white-labeled content that’s hyperlocal and seamless for consumers to use,” said Groupon’s Chief Product Officer Sarah Butterfass. “Card-linked offers are one of the many voucherless initiatives that are helping us build real inventory at scale and expand our reach beyond the one out of every five U.S. internet users that already come to Groupon every month.”*
Prodege operates four consumer rewards brands — MyPoints, ShopAtHome, Swagbucks and InboxDollars— which deliver engaging content and valuable rewards to more than 100 million members worldwide. Local merchant card-linked offers provided by Groupon will debut for Prodege’s MyPoints and ShopAtHome members with the potential to expand to other Prodege brands in the future.
“We’re excited to bring our rewards program members even more ways to find great deals and earn cash or rewards on dining out and other everyday purchases,” said Prodege's CEO and Chairman, Chuck Davis. “Adding Groupon’s selection of local restaurants, coffee shops and other food and drink businesses to our growing network of retailers gives our members even more opportunities to save.”
The new Groupon and Prodege partnership is expected to launch later this year.
*Source: Comscore Media Metrix® Multi-Platform, Percent Reach, Total Audience, April 2019, U.S.
Note on Forward-Looking Statements
The statements contained in this release that refer to plans and expectations for the next quarter, the full year or the future are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding our future results of operations and financial position, business strategy and plans and our objectives for future operations. The words "may," "will," "should," "could," "expect," "anticipate," "believe," "estimate," "intend," "continue" and other similar expressions are intended to identify forward-looking statements. We have based these forward looking statements largely on current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Such risks and uncertainties include, but are not limited to, risk related to volatility in our operating results; execution of our business and marketing strategies; retaining existing customers and adding new customers; challenges arising from our international operations, including fluctuations in currency exchange rates, legal and regulatory developments and any potential adverse impact from the United Kingdom's likely exit from the European Union; retaining and adding high quality merchants; our voucherless offerings; cybersecurity breaches; reliance on cloud-based computing platforms; competing successfully in our industry; changes to merchant payment terms; providing a strong mobile experience for our customers; maintaining our information technology infrastructure; delivery and routing of our emails; claims related to product and service offerings; managing inventory and order fulfillment risks; litigation; managing refund risks; retaining and attracting members of our executive team; completing and realizing the anticipated benefits from acquisitions, dispositions, joint ventures and strategic investments; lack of control over minority investments; tax liabilities; tax legislation; compliance with domestic and foreign laws and regulations, including the CARD Act, GDPR and regulation of the Internet and e-commerce; classification of our independent contractors; protecting our intellectual property; maintaining a strong brand; customer and merchant fraud; payment-related risks; our ability to raise capital if necessary and our outstanding indebtedness, including refinancing our credit facility; global economic uncertainty; our common stock, including volatility in our stock price; our convertible senior notes; and our ability to realize the anticipated benefits from the hedge and warrant transactions. For additional information regarding these and other risks and uncertainties, we urge you to refer to the factors included under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2018, and Quarterly Reports on Form 10-Q and our other filings with the Securities and Exchange Commission, copies of which may be obtained by visiting the company's Investor Relations web site at investor.groupon.com or the SEC's website at www.sec.gov. Groupon's actual results could differ materially from those predicted or implied and reported results should not be considered an indication of future performance. You should not rely upon forward-looking statements as predictions of future events. Although Groupon believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. Moreover, neither Groupon nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. The forward-looking statements reflect our expectations as of July 9, 2019. We undertake no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in our expectations.
About Prodege, LLC
Prodege (pro-dé-gée) is an internet and media company that is dedicated to “creating rewarding moments” for its members by rewarding them with more than $700 million in cash and free gift cards since inception. Prodege is now comprised of four consumer brands — Swagbucks, MyPoints, ShopAtHome and InboxDollars— which deliver engaging content and valuable rewards to more than 100 million members worldwide. Prodege's complementary suite of business solutions helps brands boost engagement with consumers by making it easy to gather insights, listen to their audience and gain further exposure to drive brand loyalty. Visit http://www.prodege.com for more information.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20190709005541/en/
Media Contacts:
Groupon
Nick Halliwell
312.999.3812
nhalliwell@groupon.com
Prodege, LLC
Jess Batty
631.793.4917
jess.b@prodege.com
The Meet Group Updates Flagship App with Industry-First Safety Practices
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced it has launched a number of industry-first safety practices within the newly released iOS and Android versions of its flagship app, MeetMe.
“Today we unveiled a number of safety-related features on MeetMe,” said CEO Geoff Cook, “including the most prominent Report Abuse button we have seen in any major livestreaming app. When a user taps this button, a screengrab will be sent to our 200+ person moderation team for rapid review of both the screengrab and the active livestream. The button will appear in every user stream, making it even easier for users to alert our moderation team to potentially problematic video content.
“We also added a clear, full-screen reminder of our strict content standards that streamers must now acknowledge every time before they stream. And to help ensure that all streamers understand and accept our standards, we have enacted a waiting period for new users before they can go live on MeetMe, during which we encourage them to review our Content and Conduct Policy.
“We are taking meaningful steps to further strengthen what we believe are already industry-leading online safety standards for our apps,” continued Cook. “We expect to add each of these features to our other apps in the coming months, as we continue to lead in livestreaming safety and moderation practices.”
Larry Magid, CEO of ConnectSafely, said, “We appreciate The Meet Group's leadership on abuse-reporting practices. A commitment to one-tap reporting of content, whether livestreams, photos, or profiles makes sense for the whole industry."
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether we will add these features to our other apps later this quarter as anticipated and whether we will continue to lead in livestreaming safety and moderation practices. All statements other than statements of historical facts contained herein are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “project,” “outlook,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the risk that our applications will not function easily or otherwise as anticipated, the risk that we will not launch additional features and upgrades as anticipated, the risk that unanticipated events affect the functionality of our applications with popular mobile operating systems, any changes in such operating systems that degrade our mobile applications’ functionality and other unexpected issues which could adversely affect usage on mobile devices. Further information on our risk factors is contained in our filings with the Securities and Exchange Commission (“SEC”), including the Form 10-K for the year ended December 31, 2018 filed with the SEC on March 8, 2019. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20190709005475/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
Groupon Announces Card-Linked Offers Distribution Partnership with GasBuddy
Source: Business Wire
Drivers can now earn GasBuddy GasBack™ rewards by redeeming local food and drink offers
Today, Groupon (NASDAQ: GRPN), the global marketplace for local services, experiences and goods, announced a U.S. distribution partnership with GasBuddy, the company that helps consumers avoid paying full price for fuel. Under the terms of the deal, Groupon will provide GasBuddy with local food and drink merchants’ card-linked offers content. Consumers will be able to load offers directly to an eligible payment card after an easy opt-in enrollment in the GasBuddy app. Once customers visit businesses with these offers and pay with their enrolled card, they’ll receive GasBuddy GasBack redeemable for free gas at 95 percent of gas stations across the United States through the Pay with GasBuddy program.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190612005510/en/
?
Groupon, the global marketplace for local services, experiences and goods, and GasBuddy, the company that helps consumers avoid paying full price for fuel, announced a U.S. distribution partnership where Groupon will provide GasBuddy with local food and drink merchants’ card-linked offers content. (Photo: Business Wire)
“Partnering with GasBuddy makes perfect sense for us given our shared value proposition of convenience and savings in your local community,” said Groupon’s Chief Product Officer Sarah Butterfass. “Nearly 20 percent of all U.S. internet users come to Groupon every month.* While that’s an impressive number, we also recognize our potential as a distribution platform as well as the value of connecting with consumers outside of our ecosystem.”
Card-linked offers are an important part of Groupon’s voucherless strategy, which is aimed at enhancing the customer experience and increasing conversion. During the first quarter, Groupon increased voucherless inventory by more than 20 percent quarter-over-quarter as more and more of its business became card-linked, bookable or ticketed.
“GasBuddy’s goal is to give away more free gas in the United States and Canada than any other company,” said Sarah McCrary, CEO of GasBuddy. “Consumers value gasoline as a currency more than cash itself, and by adding local restaurants, coffee shops and other food and drink businesses, GasBuddy is giving consumers more ways to earn GasBack than anyone else."
The Groupon and GasBuddy partnership is expected to go live in the second half of the year.
*Source: Comscore Media Metrix® Multi-Platform, Percent Reach, Total Audience, April 2019, U.S.
Note on Forward-Looking Statements
The statements contained in this release that refer to plans and expectations for the next quarter, the full year or the future are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding our future results of operations and financial position, business strategy and plans and our objectives for future operations. The words "may," "will," "should," "could," "expect," "anticipate," "believe," "estimate," "intend," "continue" and other similar expressions are intended to identify forward-looking statements. We have based these forward looking statements largely on current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Such risks and uncertainties include, but are not limited to, risk related to volatility in our operating results; execution of our business and marketing strategies; retaining existing customers and adding new customers; challenges arising from our international operations, including fluctuations in currency exchange rates, legal and regulatory developments and any potential adverse impact from the United Kingdom's likely exit from the European Union; retaining and adding high quality merchants; our voucherless offerings; cybersecurity breaches; reliance on cloud-based computing platforms; competing successfully in our industry; changes to merchant payment terms; providing a strong mobile experience for our customers; maintaining our information technology infrastructure; delivery and routing of our emails; claims related to product and service offerings; managing inventory and order fulfillment risks; litigation; managing refund risks; retaining and attracting members of our executive team; completing and realizing the anticipated benefits from acquisitions, dispositions, joint ventures and strategic investments; lack of control over minority investments; tax liabilities; tax legislation; compliance with domestic and foreign laws and regulations, including the CARD Act, GDPR and regulation of the Internet and e-commerce; classification of our independent contractors; protecting our intellectual property; maintaining a strong brand; customer and merchant fraud; payment-related risks; our ability to raise capital if necessary and our outstanding indebtedness, including refinancing our credit facility; global economic uncertainty; our common stock, including volatility in our stock price; our convertible senior notes; and our ability to realize the anticipated benefits from the hedge and warrant transactions. For additional information regarding these and other risks and uncertainties, we urge you to refer to the factors included under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2018, and Quarterly Reports on Form 10-Q and our other filings with the Securities and Exchange Commission, copies of which may be obtained by visiting the company's Investor Relations web site at investor.groupon.com or the SEC's website at www.sec.gov. Groupon's actual results could differ materially from those predicted or implied and reported results should not be considered an indication of future performance. You should not rely upon forward-looking statements as predictions of future events. Although Groupon believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. Moreover, neither Groupon nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. The forward-looking statements reflect our expectations as of June 12, 2019. We undertake no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in our expectations.
About GasBuddy
GasBuddy is a company that connects drivers with their Perfect Pit Stop. As the leading source for crowdsourced, real-time fuel prices at more than 150,000 gas station convenience stores in the U.S., Canada and Australia, millions of drivers use the GasBuddy app and website every day to find gas station convenience stores based on fuel prices, location and ratings/reviews. GasBuddy’s first-of-its-kind fuel savings program, Pay with GasBuddy, has saved Americans more than $6 million at the pumps since its launch in 2017. The company’s business solutions suite, GasBuddy Business Pages, provides Fuel Marketers and Retailers their best opportunity to maintain their station information, manage their brand, and promote to their target consumer audience. For more information, visit http://www.gasbuddy.com.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20190612005510/en/
Media Contacts:
Groupon
Nick Halliwell
312.999.3812
nhalliwell@groupon.com
GasBuddy
Allison Mac
626.383.8371
amac@gasbuddy.com
Groupon Announces Craig Rowley as Chief Marketing Officer
Source: Business Wire
Accomplished industry executive joins Groupon to lead global marketing organization
Groupon (www.groupon.com) (NASDAQ: GRPN) today announced that Craig Rowley has joined the company as its Chief Marketing Officer.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190507005643/en/
?
Groupon announced that Craig Rowley has joined the company as its Chief Marketing Officer. (Photo: Business Wire)
“Craig is a dynamic marketing leader who’s helped build some of the world’s biggest brands across several global industries,” said Groupon COO Steve Krenzer. “His customer-centric approach will be a key driver as we continue to expand the Groupon local marketplace.”
At Groupon, Rowley will oversee the company’s global marketing channels and functions, as well as the development and extension of the Groupon brand.
“I’m excited for the opportunity to help develop the next chapter of Groupon’s brand story as we build the daily habit in local commerce,” said Rowley. “Given Groupon’s scale, there is a huge opportunity for us to fuel a deeper brand connection with our millions of customers and merchants around the globe. I look forward to working with our talented teams to deliver a more compelling customer experience and to drive meaningful results for Groupon.”
Rowley joins from REI where he served as Vice President of Marketing. Craig has a long track record of industry breakthroughs and strong business results--including REI’s #optoutside initiative which won numerous accolades throughout the industry including the Grand Prix Titanium at Cannes. Prior to that, Rowley held a variety of North American and Global executive positions at agencies: Saatchi & Saatchi, Carmichael Lynch and Young & Rubicam.
Craig is based in Seattle and reports to Chief Operating Officer Steve Krenzer.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20190507005643/en/
Media Contact:
Groupon
Bill Roberts
312.459.5191
press@groupon.com
Additional Proxy Soliciting Materials (definitive) (defa14a)
Source: Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________________________
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
__________________________________________
Filed by the Registrant ý Filed by a party other than the Registrant ¨
Check the appropriate box:
¨
Preliminary Proxy Statement
¨
Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
¨
Definitive Proxy Statement
ý
Definitive Additional Materials
¨
Soliciting Material under §240.14a-12
Groupon, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
ý
No fee required.
¨
Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1)
Title of each class of securities to which transaction applies:
(2)
Aggregate number of securities to which transaction applies:
(3)
Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
(4)
Proposed maximum aggregate value of transaction:
(5)
Total fee paid:
¨
Fee paid previously with preliminary materials.
¨
Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
(1)
Amount Previously Paid:
(2)
Form, Schedule or Registration Statement No.:
(3)
Filing Party:
(4)
Date Filed:
?
?
?
Cleveland-Cliffs Inc. Reports First-Quarter 2019 Results and Announces Additional Share Repurchase Authorization
Source: Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2019.
The Company reported consolidated revenues of $157 million, compared to the prior year's first-quarter consolidated revenues of $180 million. Cost of goods sold was $126 million compared to $119 million reported in the first quarter of 2018.
The Company recorded a loss of $22 million, or $0.08 per diluted share, compared to a loss of $84 million, or $0.29 per diluted share, recorded in the prior-year first quarter. For the first quarter of 2019, the Company reported adjusted EBITDA1 of $21 million, compared to the prior year's first quarter adjusted EBITDA1 of $52 million.
(In Millions)Three Months EndedMarch 31,2019 2018Adjusted EBITDA1Mining and Pelletizing$47.5$77.1Metallics(0.8)(0.3)Corporate(25.6)(24.5)Total Adjusted EBITDA1$21.1 $52.3
During the first quarter, Cliffs repurchased 11.5 million common shares at a cost of $124 million in the aggregate. Since the initiation of the share repurchase program, the Company has repurchased 17 million shares at a cost of $171 million, or $10.11 per share. As of March 31, 2019, Cliffs had 282.8 million shares outstanding.
Lourenco Goncalves, Cleveland-Cliffs' Chairman, President and Chief Executive Officer, said, “With the winter and the first quarter behind us, we enter the three strong quarters of a 2019 that is shaping up to be another multi-year high in adjusted EBITDA for Cleveland-Cliffs. Robust manufacturing activity in the United States, stimulated by a still under-appreciated tax reform and a massive shortage of iron ore and pellets in the international markets, creates a perfect combination to boost Cleveland-Cliffs’ ability to generate cash.” Mr. Goncalves continued, “We don’t see any short-term or even mid-term solution for the multi-year shortage of iron ore and pellets created by the serious problems in Brazil, and what we see now should be the new normal for the foreseeable future. Thanks to the design of the sales contracts we put in place, Cleveland-Cliffs will continue to benefit from this New Normal. Additionally, our comfortable financial position should be further enhanced in 2020 and beyond, as we remain on track to complete the construction of our HBI plant in Toledo, Ohio and start selling HBI to EAF steelmakers in a little more than a year from now." Mr. Goncalves concluded, "At this time, we expect to generate in excess of $800 million dollars in adjusted EBITDA in 2019. We plan to continue to put the cash generated to good use by paying down debt and returning cash to our shareholders, both through dividends and by taking advantage of our low equity valuation with the use of share buybacks."
On November 24, 2018, the Company’s Board of Directors had authorized the Company to buy back its common shares up to a maximum of $200 million worth of shares and, on April 24, 2019, the Company’s Board of Directors authorized an additional amount of up to $100 million. With that, the Company currently has the ability to buy up to an increased amount of approximately $129 million of its common shares, which results from the additional $100 million of share buyback authorization plus approximately $29 million remaining from the earlier authorization. Share buybacks may be made via acquisitions in the open market or privately negotiated transactions, including through accelerated share repurchases or pursuant to the terms of a Rule 10b5-1 plan. The Company is not obligated to make any purchases and the program may be suspended or discontinued at any time. The authorization is active until December 31, 2019.
Mining and Pelletizing
Three Months EndedMarch 31,2019 2018
Volumes - In Thousands of Long Tons
Sales volume1,5501,611Production volume4,4014,500
Sales Margin - In Millions
Revenues from product sales and services$157.0$180.0Cost of goods sold126.1 118.5Sales margin$30.9 $61.5
Sales Margin - Per Long Ton
Revenues from product sales and services*$93.81$105.03 Cash cost of goods sold rate261.9457.05Depreciation, depletion and amortization11.94 9.81Cost of goods sold*73.88 66.86Sales margin$19.93 $38.17* Excludes revenues and expenses related to domestic freight, which are offsetting and have no impact on sales margin.
Mining and Pelletizing pellet sales volume in the first quarter of 2019 was 1.6 million long tons, relatively flat when compared to the prior year's first quarter.
Realized revenues per ton of $93.81 decreased 11 percent from the prior-year period, primarily due to the favorable 2018 HRC price-related revaluation that did not recur in 2019. The decrease was partially offset by increased iron ore prices. As expected, the first quarter revenue rate was lower than the full-year expected range due to an unfavorable customer mix driven by a higher proportion of rail shipments during the annual Soo Locks closure.
Cash cost of goods sold rate2 was $61.94 per long ton, compared to $57.05 per long ton in the prior year's first quarter. The increase was driven by higher maintenance, transportation, and stripping costs, along with higher costs related to improved profitability outlook, including employee profit sharing and higher royalties.
Outlook
2019 Outlook SummaryPer Long Ton Information Mining and PelletizingCost of goods sold rate$74 - $79Less:Freight expense rate (A)$8Depreciation, depletion & amortization rate$4Cash cost of goods sold rate2$62 - $67 Sales volume (million long tons) (B)20.0Production volume (million long tons) 20.0(A) Freight has an offsetting amount in revenue and has no impact on sales margin.(B)This includes approximately 500,000 long tons of intercompany sales volumes to Cliffs' HBI facility.
Mining and Pelletizing Outlook (Long Tons)
Based on the assumption that relevant pricing indices will average for the remainder of 2019 their respective year-to-date averages, including iron ore prices of $85 per metric ton, steel prices of $691 per short ton, and pellet premiums of $67 per metric ton, Cliffs would expect to realize Mining and Pelletizing revenue rates in the range of $108 to $113 per long ton, a $6 per long ton increase versus the comparable range provided last quarter. Assuming spot prices as of April 23, 2019 including an iron ore price of $94 per metric ton, a steel price of $676 per short ton, and a pellet premium of $66 per metric ton, will average these levels for the remainder of 2019, Cliffs would expect to realize Mining and Pelletizing revenue rates in the range of $111 to $116 per long ton for the full-year 2019.
For 2019, Cliffs maintained its full-year sales and production volume expectation of 20 million long tons. Cliffs' full-year 2019 Mining and Pelletizing cash cost of goods sold rate2 expectation is maintained at $62 to $67 per long ton.
Other Outlook
Cliffs' full-year 2019 SG&A expense expectation of $120 million is being maintained. Cliffs also notes that of the $120 million expectation, approximately $20 million is considered non-cash. The Company's full-year 2019 net interest expense expectation is maintained at $100 million. Full-year 2019 depreciation, depletion and amortization is expected to be approximately $80 million.
Based on refined projections, the Company’s 2019 effective tax rate is now expected to be approximately 12-14 percent. Due to the Company's NOL position, its cash tax payments are still expected to be zero. Cliffs also expects to receive $117 million in cash tax refunds during the second quarter of 2019, which is earlier than previously expected.
Cliffs total capital expenditures expectation of approximately $555 million (including capitalized interest) for the year 2019 is maintained.
Conference Call Information
Cleveland-Cliffs Inc. will host a conference call this morning, April 25, 2019, at 9 a.m. ET. The call will be broadcast live and archived on Cliffs' website: www.clevelandcliffs.com
About Cleveland-Cliffs Inc.
Founded in 1847, Cleveland-Cliffs Inc. is the largest and oldest independent iron ore mining company in the United States. We are a major supplier of iron ore pellets to the North American steel industry from our mines and pellet plants located in Michigan and Minnesota. By 2020, Cliffs expects to be the sole producer of hot briquetted iron (HBI) in the Great Lakes region with the development of its first production plant in Toledo, Ohio. Driven by the core values of safety, social, environmental and capital stewardship, our employees endeavor to provide all stakeholders with operating and financial transparency. For more information, visit http://www.clevelandcliffs.com.
Forward-Looking Statements
This report contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. As a general matter, forward-looking statements relate to anticipated trends and expectations rather than historical matters. Forward-looking statements are subject to uncertainties and factors relating to Cliffs’ operations and business environment that are difficult to predict and may be beyond our control. Such uncertainties and factors may cause actual results to differ materially from those expressed or implied by the forward-looking statements. These statements speak only as of the date of this report, and we undertake no ongoing obligation, other than that imposed by law, to update these statements. Uncertainties and risk factors that could affect Cliffs’ future performance and cause results to differ from the forward-looking statements in this report include, but are not limited to: uncertainty and weaknesses in global economic conditions, including downward pressure on prices caused by oversupply or imported products, reduced market demand and risks related to U.S. government actions with respect to Section 232 of the Trade Expansion Act (as amended by the Trade Act of 1974), the United States-Mexico-Canada Agreement and/or other trade agreements, treaties or policies; continued volatility of iron ore and steel prices and other trends, which may impact the price-adjustment calculations under our sales contracts; our ability to successfully diversify our product mix and add new customers beyond our traditional blast furnace clientele; our ability to cost-effectively achieve planned production rates or levels, including at our HBI plant; our ability to successfully identify and consummate any strategic investments or development projects, including our HBI plant; the impact of our customers reducing their steel production due to increased market share of steel produced using other methods or lighter-weight steel alternatives; our actual economic iron ore reserves or reductions in current mineral estimates, including whether any mineralized material qualifies as a reserve; the outcome of any contractual disputes with our customers, joint venture partners or significant energy, material or service providers or any other litigation or arbitration; problems or uncertainties with sales volume or mix, productivity, tons mined, transportation, mine-closure obligations, environmental liabilities, employee-benefit costs and other risks of the mining industry; impacts of existing and increasing governmental regulation and related costs and liabilities, including failure to receive or maintain required operating and environmental permits, approvals, modifications or other authorization of, or from, any governmental or regulatory entity and costs related to implementing improvements to ensure compliance with regulatory changes; our ability to maintain adequate liquidity, our level of indebtedness and the availability of capital could limit cash flow available to fund working capital, planned capital expenditures, acquisitions and other general corporate purposes or ongoing needs of our business; our ability to continue to pay cash dividends, and the amount and timing of any cash dividends; our ability to maintain appropriate relations with unions and employees; the ability of our customers, joint venture partners and third party service providers to meet their obligations to us on a timely basis or at all; events or circumstances that could impair or adversely impact the viability of a mine and the carrying value of associated assets, as well as any resulting impairment charges; uncertainties associated with natural disasters, weather conditions, unanticipated geological conditions, supply or price of energy, equipment failures and other unexpected events; adverse changes in interest rates and tax laws; and the potential existence of significant deficiencies or material weakness in our internal control over financial reporting. For additional factors affecting the business of Cliffs, refer to Part II – Item 1A. Risk Factors of our Annual Report on Form 10-K for the year ended December 31, 2018. You are urged to carefully consider these risk factors.
FINANCIAL TABLES FOLLOW
CLEVELAND-CLIFFS INC. AND SUBSIDIARIESSTATEMENTS OF UNAUDITED CONDENSED CONSOLIDATED OPERATIONS (In Millions, Except PerShare Amounts)Three Months EndedMarch 31,2019 2018REVENUES FROM PRODUCT SALES AND SERVICESProduct$145.4$169.2Freight11.6 10.8 157.0180.0COST OF GOODS SOLD(126.1)(118.5)SALES MARGIN30.961.5OTHER OPERATING EXPENSESelling, general and administrative expenses(28.1)(25.1)Miscellaneous – net(3.6)(6.1)(31.7)(31.2)OPERATING INCOME (LOSS)(0.8)30.3OTHER INCOME (EXPENSE)Interest expense, net(25.1)(32.4)Other non-operating income0.1 4.4 (25.0)(28.0)INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES(25.8)2.3INCOME TAX BENEFIT (EXPENSE)3.7 (15.7)LOSS FROM CONTINUING OPERATIONS(22.1)(13.4)LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX— (70.9)NET LOSS$(22.1)$(84.3) LOSS PER COMMON SHARE – BASICContinuing operations$(0.08)$(0.05)Discontinued operations— (0.24)$(0.08)$(0.29)LOSS PER COMMON SHARE – DILUTEDContinuing operations$(0.08)$(0.05)Discontinued operations— (0.24)$(0.08)$(0.29)AVERAGE NUMBER OF SHARES (IN THOUSANDS)Basic289,525297,266Diluted289,525297,266 CLEVELAND-CLIFFS INC. AND SUBSIDIARIESSTATEMENTS OF UNAUDITED CONDENSED CONSOLIDATED FINANCIAL POSITION (In Millions)March 31, December 31,20192018
ASSETS
CURRENT ASSETSCash and cash equivalents$430.2$823.2Accounts receivable, net20.1226.7Inventories312.787.9Supplies and other inventories97.393.2Derivative assets107.491.5Income tax receivable, current117.3117.3Other current assets41.0 39.8TOTAL CURRENT ASSETS1,126.01,479.6PROPERTY, PLANT AND EQUIPMENT, NET1,410.31,286.0OTHER ASSETSDeposits for property, plant and equipment68.383.0Income tax receivable, non-current121.3121.3Deferred income taxes466.6464.8Other non-current assets113.8 94.9TOTAL OTHER ASSETS770.0 764.0TOTAL ASSETS$3,306.3 $3,529.6
LIABILITIES
CURRENT LIABILITIESAccounts payable$171.7$186.8Accrued employment costs42.174.0Accrued interest23.038.4Partnership distribution payable43.843.5Other current liabilities113.4 125.5TOTAL CURRENT LIABILITIES394.0468.2PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES244.2248.7ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS174.4172.0LONG-TERM DEBT2,087.02,092.9OTHER LIABILITIES145.0 123.6TOTAL LIABILITIES3,044.63,105.4
EQUITY
TOTAL EQUITY261.7 424.2TOTAL LIABILITIES AND EQUITY$3,306.3 $3,529.6 CLEVELAND-CLIFFS INC. AND SUBSIDIARIESSTATEMENTS OF UNAUDITED CONDENSED CONSOLIDATED CASH FLOWS (In Millions)Three Months EndedMarch 31,2019 2018OPERATING ACTIVITIESNet loss$(22.1)$(84.3)Adjustments to reconcile net loss to net cash used by operating activities:Depreciation, depletion and amortization19.923.9Gain on derivatives(5.7)(40.8)Other9.825.9Changes in operating assets and liabilities:Receivables and other assets199.9196.3Inventories(224.8)(193.0)Payables, accrued expenses and other liabilities(88.2)(70.9)Net cash used by operating activities(111.2)(142.9)INVESTING ACTIVITIESPurchase of property, plant and equipment(132.7)(12.4)Deposits for property, plant and equipment(1.4)(59.0)Other investing activities8.5 — Net cash used by investing activities(125.6)(71.4)FINANCING ACTIVITIESRepurchase of common shares(124.3)—Dividends paid(14.8)—Repurchase of debt(10.3)—Other financing activities(8.4)(7.0)Net cash used by financing activities(157.8)(7.0)EFFECT OF EXCHANGE RATE CHANGES ON CASH— 0.2 DECREASE IN CASH AND CASH EQUIVALENTS, INCLUDING CASH CLASSIFIED WITHIN OTHER CURRENT ASSETS RELATED TO DISCONTINUED OPERATIONS(394.6)(221.1)LESS: DECREASE IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS, CLASSIFIED WITHIN OTHER CURRENT ASSETS(1.6)— NET DECREASE IN CASH AND CASH EQUIVALENTS(393.0)(221.1)CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD823.2 978.3 CASH AND CASH EQUIVALENTS AT END OF PERIOD$430.2 $757.2
1 CLEVELAND-CLIFFS INC. AND SUBSIDIARIES
NON-GAAP RECONCILIATION - EBITDA AND ADJUSTED EBITDA
In addition to the consolidated financial statements presented in accordance with U.S. GAAP, the Company has presented EBITDA and adjusted EBITDA on a consolidated basis. EBITDA and Adjusted EBITDA are non-GAAP financial measures that management uses in evaluating operating performance. The presentation of these measures is not intended to be considered in isolation from, as a substitute for, or as superior to, the financial information prepared and presented in accordance with U.S. GAAP. The presentation of these measures may be different from non-GAAP financial measures used by other companies. A reconciliation of these consolidated measures to their most directly comparable GAAP measures is provided in the table below.
(In Millions)Three Months EndedMarch 31,2019 2018Net loss$(22.1)$(84.3)Less:Interest expense, net(25.1)(33.5)Income tax benefit (expense)3.7(15.7)Depreciation, depletion and amortization(19.9)(23.9)EBITDA$19.2 $(11.2)Less:Foreign exchange remeasurement$0.1$(0.4)Loss on extinguishment of debt(0.3)—Impact of discontinued operations—(63.1)Severance costs(1.7)— Adjusted EBITDA$21.1 $52.3
We have provided full year adjusted EBITDA guidance of in excess of $800 million. It is not possible for management to identify the amount or significance of future adjustments to calculate adjusted EBITDA, such as foreign exchange remeasurement, loss on extinguishment of debt and severance costs. These items are dependent on future events that are not reasonably estimable at this time. Accordingly, management is unable to reconcile without unreasonable effort the Company's forecasted adjusted EBITDA to its most directly comparable GAAP financial measure. However, items excluded from our adjusted EBITDA guidance include the historical adjustments noted in the table above.
2 CLEVELAND-CLIFFS INC. AND SUBSIDIARIES
NON-GAAP RECONCILIATION EXPLANATIONS
The Company presents cash cost of goods sold rate per long/metric ton, which is a non-GAAP financial measure that management uses in evaluating operating performance. Cliffs believes the presentation of non-GAAP cash cost of goods sold is useful to investors because it excludes depreciation, depletion and amortization, which are non-cash, and freight, which has no impact on sales margin, thus providing a more accurate view of the cash outflows related to the sale of iron ore. The presentation of this measure is not intended to be considered in isolation from, as a substitute for, or as superior to, the financial information prepared and presented in accordance with U.S. GAAP. The presentation of this measure may be different from non-GAAP financial measures used by other companies. Below is a reconciliation in dollars of this non-GAAP financial measure to our consolidated financial statements.
(In Millions)Mining and PelletizingThree Months EndedMarch 31,2019 2018Cost of goods sold$126.1$118.5Less:Freight11.610.8Depreciation, depletion & amortization18.5 15.8Cash cost of goods sold$96.0 $91.9
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20190425005186/en/
MEDIA CONTACT:
Patricia Persico
Director, Corporate Communications
(216) 694-5316
INVESTOR CONTACT:
Paul Finan
Director, Investor Relations
(216) 694-6544
Groupon to Webcast First Quarter 2019 Financial Results Conference Call
Source: Business Wire
Groupon, Inc. (NASDAQ: GRPN) announced today that it intends to hold a conference call to discuss its first quarter 2019 financial results on Wednesday, May 1, 2019, at 10:00am EDT. Groupon plans to publish a letter to stockholders along with its first quarter 2019 financial results after the close of market trading on Tuesday, April 30, 2019.
A webcast of the conference call can be accessed live at investor.groupon.com. A replay of the webcast will be available through the same link following the conference call, along with the stockholder letter, earnings press release, financial tables and slide presentation.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company's merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20190417005225/en/
Investor Relations Contact:
Heather Davis
312-662-7370
ir@groupon.com
Media Relations Contact:
Bill Roberts
312-459-5191
press@groupon.com
fell out of bed AH trading. Earnings not good as expected.
Good discounts on travel. Can’t see why this is not moving up.
Maybe they had a better than expected holiday season. Perhaps my call options might have a chance of catching fire.
Yule Forget About It: People Forget the Majority of Gifts They Receive, According to a New Groupon Survey
Source: Business Wire
Survey helps point shoppers in the right direction so their last-minute gifts don’t go unused and unnoticed
With Christmas less than two weeks away, millions of people are still searching for the perfect last-minute gifts for their family and friends. And while shoppers are busy trying to cross everyone off their list, they should keep in mind that more than half of the presents they give this holiday season will likely be forgotten by this time next year. According to a new survey by Groupon (NASDAQ: GRPN), the ecommerce marketplace for everything you do locally, more than half of last year’s presents––53 percent––have already escaped one’s memory. In addition, the study of 2,000 people found that the average person receives at least three gifts that miss the mark every year.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181212005732/en/
?
According to a new survey by Groupon, more than half of last year’s presents––53 percent––have already escaped one’s memory. (Graphic: Business Wire)
“It’s incredibly stressful to find the perfect gift that our loved ones will cherish forever, but it doesn’t have to be this way,” said Aaron Cooper, President of North America, Groupon. “We found that the gifts people remember the most are those that are given with love from someone they care about, fill a need, provide a great memory, have a sentimental meaning and result in compliments from other people.”
The survey, conducted by market researchers OnePoll and commissioned by Groupon, found that the most remembered gifts identified from a list of items included clothing and apparel, dinner at a local restaurant, the latest gadgets, a spa day and a trip to a getaway destination. Gifts to avoid were identified as wrinkle cream, a scale, exercise equipment, underwear and cleaning supplies.
Respondents were asked why they thought people gave them gifts that were easily forgettable and the top reasons included: they were just checking a box, they thought it was funny, they personally would have used or wanted the item for themselves, they were sending a message or they were being passive aggressive.
The study also found that your partner is most likely to give you the best gifts, while your sibling is most likely to give you the worst.
The Groupon Holiday Gift Shop is available 24/7 with curated items and experiences that everyone on your list won’t soon forget.
December 8, 2018
Pathetic Clintons resort to Groupon trying to get people to show up and fill some seats on their stadium tour
By Thomas Lifson
We now have the first acknowledgment from their side that the Clintons vastly overestimated their personal popularity and the public’s interest in hearing them talk about themselves.
The Clintons and their stadium tour promoter are officially responding to the public’s refusal to show up in sufficient numbers for them to avoid embarrassment (and financial loss) at the level of ticket prices that seemed realistic when the tour was announced only two months ago. The UK Daily Mail noticed this offer on Groupon:
StreetInsider
Groupon (GRPN) Announces Distribution Partnership with AMC Theatres (AMC)
December 3, 2018 10:46 AM
Today, Groupon (NASDAQ: GRPN) announced a distribution partnership with AMC Theatres (NYSE: AMC), the world’s largest movie exhibitor. Under the terms of the agreement, Groupon marketplace users will have greater access to the movies through AMC’s thousands of theaters and screens across the United States.
“Partnering with AMC helps us bolster an already strong category for Groupon,” said Brian Fields, head of things to do, Groupon. “This integration furthers our mission of becoming the daily habit in local by connecting people with more entertainment choices in their community. Going to the movies is the quintessential local experience.”
AMC operates among the most productive theatres in the United States' top markets, having the #1 or #2 market share positions in 22 of the 25 largest metropolitan areas of the United States, including the top three markets New York, Los Angeles and Chicago.
The Groupon and AMC integration is expected to launch in the first half of 2019. The two companies will also explore longer term opportunities to work together.
Since 2016, Groupon has sold more than 6 million units for movie offers North America. Other experience-related partnerships announced by Groupon include: GolfNow - tee times, Peek - activities, Tickets.com - tickets, Viator (Now TripAdvisor Experiences) - tours and activities, CourseHorse - local classes, and Ingresso - ticketing distribution platform.
Categories
Corporate News
Management Comments
Next Articles
Groupon Goes to the Movies: Announces Distribution Partnership with AMC TheatresDecember 3, 2018 10:45 AM
Groupon Finds Most People Plan to Start Their Black Friday Shopping Before They’ve Even Left for Grandma’s House––7:1...
Source: Business Wire
The early morning start time is more than eight hours earlier than last year’s 3:29 p.m. preferred shopping start time
Groupon, the global marketplace for local services, experiences and goods, conducted its second annual Black Friday shopping trends survey and found that most people plan to begin their holiday shopping before they’ve even left for grandma’s house––7:16 a.m. on Thanksgiving. The early morning time is more than eight hours earlier than last year when respondents identified 3:29 p.m. as their preferred start time. And while people are starting their shopping even earlier this year, they’re not looking forward to it. According to the results, listening to an annoying children’s song on repeat, getting gum stuck in your hair and passing gas during a job interview were identified as the top things people would rather experience than braving store crowds over the long weekend.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181121005509/en/
?
Groupon found that most people plan to begin their Black Friday shopping before they’ve even left for grandma's house––7:16 a.m. on Thanksgiving. (Photo: Business Wire)
The survey also found that people prefer to shop online over in-store by a 2-1 margin and gravitate more towards small businesses because of their unique selection, the money they spend stays in the community and they offer a more personalized customer experience.
“No matter when and where you start your holiday shopping, our convenient, always-on marketplace is ready with the latest gadgets, personalized gifts and amazing local experiences,” said Aaron Cooper, president of North America, Groupon. “In addition to having great deals from some of the biggest names in retail and ecommerce, we’re proud to offer shoppers a massive and unique catalog of supply featuring many of the small businesses in their neighborhood.”
To help people get a head start on their shopping, the Groupon Holiday Gift Shop (https://www.groupon.com/occasion/gift-shop) is available 24/7 with curated items and experiences for everyone in your life.
Top Deals
Apple MacBook Air 13.3" Laptop with Colored Aluminum Finish and 4GB RAM, 128GB SSD Refurbished (A Grade)––from $529.99
bObsweep Standard, PetHair, or PetHair Plus Robotic Vacuum Cleaner and Mop––from $129.99
3.44 CTTW Halo Stud Earrings with Swarovski Elements––$6.99
Fitbit Charge 2 Heart Rate and Fitness Wristband––$99.99
Sonic Edge Extended Charge Toothbrush with 4 Heads––$26.99
Burberry Fragrances for Women or Men––$8.99
PolarShield Winter Windshield Cover (1- or 2-Pack)––$18.99
Luxurious Massage and Spa Packages
New Ways to Explore Your City and Neighborhood
Travel Gifts
Personalized Gifts
Custom Photo Books from Shutterfly––from $5.00
One or Two Custom XXXL Canvas Prints with Optional Shipping from CanvasOnSale––from $29.99
Custom Same-Day and Delivered Holiday Cards and Invitations from Staples––from $8.00
Personalized Notebook, Adult Relaxation Coloring Book, or Calculator Book with Initials from MonogramHub––from $5.00
Popular Brands
HelloFresh––from $30.00
ProFlowers––from $15.00
Shari’s Berries––from $15.00
Harry & David Online and In-store––from $14.99
Rosetta Stone––from $95
Everyday Essentials at Brandless––$20.00
Acorns––$5.00
Quirky Stocking Stuffers
iPhone and Android Animal Biters Cable Protectors (2- or 4-Pack)––$9.99
LED Headlamp Beanie for Men and Women––$6.99
Women's Cozy Wine Socks––$8.99
Marvel Avengers Men's Pajama Pants––$12.99
Wallet Ninja 2.0 – 20 Tools in 1 Multi-Tool (Multiple Options)––$7.99
Electronics
Beats by Dr. Dre urBeats 2 In-Ear Headphones––$49.99
Picasso Tiles 3D Magnetic Building Block Sets––$4.99
PowerMaster 12,000mAh LED Dual-USB Power Bank––$16.99
Home
Dyson V6 or V7 Motorhead Cord-Free Stick Vacuum (Certified Refurbished)––$169.99
Microfiber Luxury Home Ultra Soft Sheet Set (6-Piece)––$9.99
Ciao Voyager Hardside Spinner Luggage Set (3-Piece)––$107.99
Apparel & Jewelry
Stainless Steel Double Layer Bangle by Pink Box––$8.99
Pear Halo Pendant and Drop Earrings Set made with Swarovski Elements by Elements of Love––$16.99
Floopi Women's Indoor Outdoor Fur Lined Clog Slippers with Memory Foam––$19.99
To view Groupon's entire collection of holiday gifts, visit the popular gift shop here https://www.groupon.com/occasion/gift-shop.
While supplies last. No substitutions and no rainchecks. All deals subject to change. Advertised prices available [11/21/18] but end dates vary. See the product listing on groupon.com for its sale end date.
"Groupon" is a registered trademark of Groupon, Inc. All other names used may be trademarks owned by their respective holders.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20181121005509/en/
Groupon
Nick Halliwell
312.999.3812
nhalliwell@groupon.com
abracky. "Groupon, Inc. (GRPN) Showing Sign Of Heavy Institutional Buying? " There may be some buying going on, but, there is way more selling going on.
Groupon Celebrates Turning 10 with a Birthday Sale and Good Cause Opportunity
Source: Business Wire
Two-day birthday celebration jump starts the holiday shopping season with extra savings
Groupon (NASDAQ: GRPN) is turning 10, and the global marketplace for local services, experiences and goods is marking its decade evolution from a daily deals company into a local ecommerce leader with a two-day birthday celebration. The Groupon 10th Birthday Sale runs from Nov. 17-18 and features extra savings on ways to look good and have fun this holiday season. In addition, Groupon has brought back the most successful fundraising campaign ever launched via its platform, which provides people with the opportunity to donate to Vested Interest in K9s––an organization that provides bullet- and stab-protective vests for law enforcement dogs that put their lives in danger to protect their human partners in the line of duty. People can donate to the campaign here (gr.pn/VIK9s).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181116005407/en/
“Much has changed in 10 years since our first 2-for-1 pizza offer in Chicago. We’re now a fixture in hundreds of communities around the world; we’ve worked with more than 1 million merchants and have nearly 50 million customers in 15 countries,” said Groupon CEO Rich Williams. “What hasn’t changed is our commitment to becoming the daily habit in local and building strong communities through thriving small businesses. To everyone who has been a part of Groupon’s journey these past 10 years, thank you!”
Groupon, which has globally saved consumers more than $30 billion and pumped more than $20 billion into local communities, is giving people a number of ways to save money and help small businesses throughout its birthday celebration, including 25 percent off local deals with the promo code PARTY.*
With nearly 1.5 billion Groupons sold in the last 10 years, Groupon designed an infographic with some pretty staggering item-level statistics to demonstrate the enormous volume this represents:
85 million slices of pizza
66 million ounces of steak
33 million quarts of oil changed
9 million feet of ramen
375 years of yoga poses
To view the full 10-year anniversary Groupon infographic, please visit https://www.groupon.com/pages/10th-birthday.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
*Valid on 1 unit per transaction, maximum 3 local deals. Up to $50 discount per deal. Ends 11/18. Exclusions apply. Full details at gr.pn/promofaq.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20181116005407/en/
Media Contact:
Groupon
Nick Halliwell
312.999.3812
nhalliwell@groupon.com
Groupon, Inc. (GRPN) Showing Sign Of Heavy Institutional Buying?
By
Michael Baxter -
November 13, 2018
Share
Groupon, Inc. (NASDAQ:GRPN) enjoyed a 1.38% run-up in share price since hitting record low of $2.89. The stock managed -1.01% fall and now stands at $2.93 as of 11/12/2018. At recent session, the prices were hovering between $2.91 and $2.98. This company shares are 45.05% off its target price of $4.25 and the current market capitalization stands at $1.69B. The recent change has given its price a -18.79% deficit over SMA 50 and -51.09% deficit over its 52-week high. The stock witnessed -15.8% declines, -37.79% declines and -39.84% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GRPN’s volatility during a week at 8.74% and during a month it has been found around 5.94%.
Groupon, Inc. (GRPN) Top Holders
Institutional investors currently hold around $1.09 billion or 61.9% in GRPN stock. Look at its top three institutional owners. Vanguard Group Inc owns $106.91 million in Groupon, Inc., which represents roughly 6.33% of the company’s market cap and approximately 9.84% of the institutional ownership. Similar statistics are true for the second largest owner, Alibaba Group Holding Ltd, which owns 32,972,000 shares of the stock are valued at $97.6 million. The third largest holder is Blackrock Inc., which currently holds $87.7 million worth of this stock and that ownership represents nearly 5.19% of its market capitalization.
Groupon, Inc. 13F Filings
At the end of June reporting period, 141 institutional holders increased their position in Groupon, Inc. (NASDAQ:GRPN) by some 62,210,564 shares, 66 decreased positions by 55,016,023 and 47 held positions by 250,008,826. That puts total institutional holdings at 367,235,413 shares, according to SEC filings. The stock grabbed 51 new institutional investments totaling 18,606,541 shares while 21 institutional investors sold out their entire positions totaling 7,904,994 shares.
Groupon, Inc. (NASDAQ:GRPN) Insider Trades
Multiple company employees have indulged in significant insider trading. Groupon, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director, 10% Owner Lefkofsky Eric P has sold 1,500,000 shares of Groupon, Inc. (GRPN) in trading session dated Sep. 13, 2018. These shares are worth $5,730,000 and were traded at $3.82 each. The SEC filing shows that Lefkofsky Eric P performed a sale of 1,500,000 shares. The Director, 10% Owner disposed these shares by way of transaction on Jun. 07, 2018. The company’s shares were given away at $4.6 per share worth to an income of some $6,900,000 on account of Lefkofsky Eric P.
CAO & Treasurer, Stevens Brian, sold 15,000 common shares of Groupon, Inc. (GRPN) in the open market. In a transaction dated May. 24, 2018, the shares were put up for sale at an average price of $4.62, raking in a sum of $69,300. After this sale, 220,484 common shares of GRPN are directly owned by the insider, with total stake valued at $646,018.
In the transaction dated Mar. 08, 2018, the great number of shares disposed came courtesy the CAO & Treasurer; Stevens Brian disposed a total of 15,000 shares at an average price of $4.61, amounting to approximately $69,150. The insider now directly owns 232,751 shares worth $681,960.
Groupon, Inc. (GRPN) Analyst Guide
Several analysts have released their opinion on Groupon, Inc. (NASDAQ:GRPN), with 1 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 3 buy, 3 sell and 0 strong sell ratings, collectively assigning a 2.88 average brokerage recommendation.
Groupon CEO talks life after vouchers as stock heads for worst day in 18 months
By Emily Bary
Published: Nov 7, 2018 4:05 p.m. ET
CEO Rich Williams is seeing momentum with card-linked offers that move beyond traditional coupons
Groupon is moving away from traditional coupons and vouchers in a bid to make the service more natural to use.
Groupon Inc.’s stock suffered its worst day in 18 months Wednesday, after the online-discount company posted mixed results for its third quarter.
The company reported adjusted earnings per share of 4 cents, a penny above the FactSet consensus expectation, but its revenue of $593 million fell short of the $602 million analysts were projecting.
Groupon GRPN, -10.58% shares were up as much as 8% earlier Wednesday, but they slid during the company’s earnings call to close down 10.6%. That marks the worst single-day slide for shares since it tumbled 13.3% May 3, 2017.
Don’t miss: Groupon reaches patent-dispute settlement with IBM
D.A. Davidson analyst Tom Forte said that there were low expectations for Groupon heading into the report, prompting an initial relief rally after the numbers hit. But he sees a number of reasons why the stock came under pressure shortly afterward, including a change to the earnings-call format that focused it less on prepared remarks and allowed for a frank discussion of traffic-related challenges facing the business.
Forte explained that Groupon faces a “challenging transition” given that its inbox-oriented legacy business has a better margin profile than the company’s mobile business. Still, the company remains committed to generating interest in its discounts in new ways as the legacy business slows, even if these methods have lower margins.
One newer initiative emphasizes a shift away from coupons and vouchers via the company’s new card-linked products. Whereas users traditionally would print out a Groupon voucher and present it to a restaurant if they wished to receive a discounted meal, newer card-linked Groupon+ offers allow people to register their credit cards in Groupon’s system and get automatic discounts by using those cards at establishments where they’ve unlocked Groupon deals.
See also: Match Group stock plunges after disappointing outlook, announcement of special dividend
Time (EST)Groupon Inc.10:0012:002:004:00
US:GRPN
$2.8$3.0$3.2$3.4$3.6
Groupon started its card-linked efforts with free deals, and the company has recently expanded to paid offerings, through which users can pay a fee to unlock a card-linked offer and then receive a deeper discount once they use it.
“Adoption rates are fast and they’re high and they speak to broader opportunities for us to use card-linked products to remove vouchers from the experience over time,” Chief Executive Rich Williams told MarketWatch. He said that the new paid offers have proven “a great driver of customer acquisition” to businesses.
Advertisement
Forte, who rates Groupon’s stock a buy with an $8 target, is upbeat about the Groupon+ program.
“It’s an example of a material improvement that they made to Groupon that makes it so much easier for the customer to use,” he told MarketWatch.
Groupon shares have fallen 46% over the past 12 months, while the S&P 500 SPX, +2.12% has gained 8.6%.
* * $GRPN Video Chart 11-07-18 * *
Link to Video - click here to watch the technical chart video
Groupon (GRPN) Tops Q3 Earnings Estimates
Zacks Equity Research Published on November 07, 2018
GRPN
Groupon (GRPN - Free Report) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this online daily deal service would post earnings of $0.03 per share when it actually produced earnings of $0.02, delivering a surprise of -33.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Groupon, which belongs to the Zacks Internet - Commerce industry, posted revenues of $592.88 million for the quarter ended September 2018, missing the Zacks Consensus Estimate by 1.64%. This compares to year-ago revenues of $634.47 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Groupon shares have lost about 36.1% since the beginning of the year versus the S&P 500's gain of 3.1%.
What's Next for Groupon?
While Groupon has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Groupon was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.15 on $798.83 million in revenues for the coming quarter and $0.23 on $2.64 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Commerce is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Get the latest research report on GRPN - FREE
Had at 5 sold when going going down on last cc sold jan 4.5 puts and have 300 jan 3.5 calls @ 1 have -100 jan 4.5 put
What did you buy at?
Wich baba would buy this and put it out of my misery
Groupon (GRPN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Zacks Equity Research Published on October 31, 2018
GRPN
Groupon (GRPN - Free Report) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 7. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This online daily deal service is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +200%.
Revenues are expected to be $602.78 million, down 5% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is subject to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Groupon?
For Groupon, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Groupon will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Groupon would post earnings of $0.03 per share when it actually produced earnings of $0.02, delivering a surprise of -33.33%.
Over the last four quarters, the company has beaten consensus EPS estimates just once.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Groupon doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Get the latest research report on GRPN - FREE
Copyright 2018 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +25.68% per year. These returns cover a period from January 1, 1988 to October 1, 2018. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
Visit performance for information about the performance numbers displayed above.
Visit www.zacksdata.com to get our data and content for your mobile app or website.
Real time prices by BATS. Delayed quotes by Sungard.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
Statement of Changes in Beneficial Ownership (4)
Source: Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Randolfi Michael O2. Issuer Nameand Ticker or Trading Symbol
Groupon, Inc. [ GRPN ]5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
CFO(Last) (First) (Middle)
C/O GROUPON, INC., 600 WEST CHICAGO AVENUE, SUITE 4003. Date of Earliest Transaction(MM/DD/YYYY)
10/25/2018(Street)
CHICAGO, IL 60654(City) (State) (Zip)4. If Amendment, Date Original Filed(MM/DD/YYYY)
6. Individual or Joint/Group Filing(Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned1.Title of Security
(Instr. 3)2. Trans. Date2A. Deemed Execution Date, if any3. Trans. Code
(Instr. 8)4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)7. Nature of Indirect Beneficial Ownership (Instr. 4)CodeVAmount(A) or (D)PriceCommon Stock 10/25/2018 M 47143 A$0 461211 D Common Stock 10/25/2018 F (1) 20885 D$3.28 440326 D
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)1. Title of Derivate Security
(Instr. 3)2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)8. Price of Derivative Security
(Instr. 5)9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of SharesRestricted Stock Units (2)10/25/2018 M 47143 4/25/2017 (3) (3)Common Stock 47143.0 $0 94286 D
Explanation of Responses:(1) Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon vesting of restricted stock units. This is not an open market sale of securities.(2) Each restricted stock unit represents a contingent right to receive one share of Common Stock.(3) 287,581 of the restricted stock units reported on this line vested on April 25, 2017; 220,000 of the restricted stock units reported on this line vested quarterly in four equal installments beginning on July 25, 2017; and 188,572 of the restricted stock units reported on this line will vest quarterly in four equal installments beginning on July 25, 2018, in each case subject to Mr. Randolfi's continued employment with the Company through each vesting date.
Reporting Owners
Reporting Owner Name / AddressRelationshipsDirector10% OwnerOfficerOtherRandolfi Michael O
C/O GROUPON, INC.
600 WEST CHICAGO AVENUE, SUITE 400
CHICAGO, IL 60654
CFO
Signatures
/s/ Erin G. Stone, by Power of Attorney10/29/2018** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.*If the form is filed by more than one reporting person,see Instruction 4(b)(v).**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Groupon Launches Effort with the West Town Chamber of Commerce to Help Promote the Neighborhood’s Small Businesses
Source: Business Wire
New campaign aims to drive more foot traffic into area’s local businesses
Groupon (www.groupon.com) (NASDAQ: GRPN), which has pumped more than $20 billion into local communities, today announced the launch of Discover West Town––a community-wide Groupon promotion designed to celebrate the diverse cross-section of small businesses located in Chicago’s West Town neighborhood. In partnership with the West Town Chamber of Commerce (http://westtownchamber.org/), Discover West Town features some of the Near West Side neighborhood’s best restaurants, health and beauty merchants and independent retailers. West Town is the seventh neighborhood to participate in Groupon’s Discover Downtown series that helps entice Chicagoans to explore their city and has resulted in driving more than 30,000 people into more than 125 local businesses.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181025005912/en/
?
Groupon, which has pumped more than $20 billion into local communities, announced the launch of Discover West Town––a community-wide Groupon promotion designed to celebrate the diverse cross-section of small businesses located in Chicago’s West Town neighborhood. (Graphic: Business Wire)
“It’s always exciting for us to see Discover Downtown expand to another one of Chicago’s 77 neighborhoods, especially West Town which is an area of the city that many of our employees call home,” said Groupon’s head of Social Responsibility Matthew Kruse. “As a local company, we believe it’s important to leverage our size and scale for good by helping mom-and-pop businesses expand their reach across the city.”
In conjunction with the Discover West Town collection, Groupon recently gave a $5,000 grant to the West Town Chamber of Commerce to support the Dancing in the Streets festival, a jam band and brew festival featuring craft beer varieties from the Chicago Brewing District brewers and touring jam bands booked by On Tour Brewing. The one-of-a-kind festival also provided visibility to an array of local artisans, makers and food trucks.
“We’re thrilled to be partnering with Groupon to celebrate the unique cultures and businesses within the West Town borders,” said Kara Salgado, executive director of the West Town Chamber of Commerce. “Their recent support for West Town’s first ever Dancing in the Streets festival was critical in helping us put on a successful event. We’re excited to extend our partnership even further––bringing the best of West Town to their millions of Chicago subscribers.”
Businesses featured in the Discover West Town collection include:
Christy Webber Farm & Garden
Pie-Eyed Pizzeria
Antojos and Shakes
Output Lounge & Sports Bar
Pappanino’s Pizza
Yoga For All Beings
El Paisano Taco’s
El Metro Cantina
Mariscos La Costa
Flo
Studio 836
True Transformation Massage
Building great communities is one of Groupon’s five core values, and the company is committed to continuing to promote initiatives that help foster economic development and growth of small businesses. For more information about Groupon’s community-building initiatives, please visit https://community.groupon.com.
To visit the Discover West Town collection, shoppers can visit https://www.groupon.com/occasion/west-town. Pilsen, Beverly Hills/Morgan Park, Bronzeville, Edgewater, Lincoln Park and the Uptown neighborhoods have also participated in Groupon’s Discover Downtown series.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
About West Town Chamber of Commerce
The West Town Chamber of Commerce fosters community and economic development by empowering businesses with information, networking opportunities, marketing, and other programming. The chamber extensively promotes the unique elements of the West Town neighborhoods and strives to engage the public through the organization of special events that highlight existing businesses and attract consumers and new businesses to the West Town area. The chamber serves as a channel through which members can cultivate a diverse, symbiotic, and growth-oriented community.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20181025005912/en/
Groupon
Nick Halliwell
nhalliwell@groupon.com
312.999.3812
or
WTCC
Morgan Bellock
Morgan@zapwater.com
312.943.0333
New Partnership Brings Thousands of Peek’s Bookable Activities to Groupon’s Marketplace
Source: Business Wire
Integration further transforms Groupon’s marketplace into a destination for every local need
Today, Groupon (NASDAQ: GRPN), which generated nearly $900 million in gross billings in North America for activities, events and tours in 2017, announced an inventory partnership with Peek, a platform that aims to make booking activities as seamless and straightforward as a restaurant or flight reservation. Under the terms of the deal, thousands of Peek’s bookable activities––including sightseeing tours, food and nightlife experiences, cultural- and themed-events, outdoor activities, watersports, workshops and classes and more––will be coming to Groupon’s marketplace. The Peek integration represents the latest example of how Groupon is partnering with popular inventory providers to transform its marketplace into even more of a destination for every local need.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181025005554/en/
?
Groupon is partnering with Peek, a platform that aims to make booking activities as seamless and straightforward as a restaurant or flight reservation. (Photo: Business Wire)
“We’re thrilled to partner with someone who shares our passion of helping people find amazing things to do near them or where they travel,” said Brian Fields, head of things to do, Groupon. “We’ve seen consumers, particularly millennials, gravitate towards experiences for a number of years. Peek’s bookable inventory will help us provide more choices and inspiration––as well as a great customer experience––for people looking to make that next great memory with their family and friends.”
Peek––founded in 2012––gives activities, events and tour providers the technology and software they need to take their bookings online while offering more than 20,000 bookable activities to consumers via the Peek mobile app and website.
“Groupon is the perfect partner for us given their size, scale and successful track record in the activities space,” said Peek co-founder and CEO Ruzwana Bashir. “Activities is approximately a $150 billion addressable market, and this partnership gives Peek operators access to a massive mobile audience of more than 30 million people looking to book their next adventure.”
The Groupon and Peek integration is expected to launch in the first quarter of 2019.
About Groupon
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce, offering a vast mobile and online marketplace where people discover and save on amazing things to do, see, eat and buy. By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile. To search for great deals or subscribe to Groupon emails, visit www.groupon.com. To learn more about the company’s merchant solutions and how to work with Groupon, visit www.groupon.com/merchant.
About Peek
Peek makes the world’s tours & activities easily bookable — anytime, anywhere. Our industry-leading technology, Peek Pro, empowers operators to better manage and grow their businesses. Peek.com and our award-winning mobile app connect people with everyday adventures that create lasting memories. CNBC labeled Peek as the “OpenTable for activities” and the New York Times called Peek.com “a site you want to visit again and again.” To book a tour or activity near you, visit www.peek.com.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20181025005554/en/
Media Contacts:
Groupon
Nick Halliwell
312.999.3812
nhalliwell@groupon.com
or
Peek
John Lynch
415.429.7953
press@peek.com
10/17: Accesso Technology Enters Booking Partnership With Groupon (Dow Jones)
GRPN Partners with Ingresso to Bring More of the Biggest Names in Entertainment to the Groupon Marketplace. Ingresso is owned by Accesso. (BusinessWire)
Stockman, IMO the only way to play this pos, is to buy cheap 2020 calls and keep your fingers crossed.
10/1: Groupon, IBM Reach Settlement Related to Patents (Dow Jones)
Followers
|
137
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
4305
|
Created
|
06/03/11
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |