How Well Our Favorite Tech Companies Fared This Year?
#7 Groupon:
Net Income: Gained $14 million through the period January to September.
Revenue Growth: 52 percent growth from Q1 to Q3 in 2012 over Q1 to Q3 in 2011
Stock Performance: Was in -100 percent category of value index recorded on the first day of trading in 2012
Overall Performance: 14 out of 30 (On 10 point scale; Net Income: 1, Revenue Growth: 4, Stock Performance: 8)
Groupon is a deal-of-the-day website that features discounted gift certificates usable at local or national companies. Its name blends “group” and “coupon”. Groupon breaks into new markets by identifying successful local businesses, first by sending in an advance a number of employees to research the local market; when it finds a business with outstanding reviews, salespeople approach it and explain the model, and use social marketing sites such as Facebook to further promote the idea.
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