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Groupon has agreed to pay $8.5 million to settle a class-action lawsuit alleging that the expiration dates on Groupon vouchers are illegal in states, such as California, which have strong consumer protection laws.
Daily deal sites such as Groupon, LivingSocial and Gilt are giving the uninsured and underinsured a chance to afford health care services.
San Francisco-based Yelp Inc. late Thursday priced its initial public offering of stock at $15 a share. That’s above its expected range of $12 and $14 per share.
Facebook’s long-awaited IPO filing lifted the stocks of many Internet companies, including recent laggards Zynga and Groupon. But analysts said the halo effect may fade.
A new website is helping frustrated consumers complain about daily deals that didn’t work out the way they had hoped.
Groupon may be one of the big names amongst the daily deal Web sites, but its latest quarterly report shows a deficit of more than $100 million.
KCBS Technology Analyst Larry Magid said the daily deal coupon market is growing by the day as Amazon and Google have both jumped in over the past week.
Groupon, the rapidly growing online coupon seller, plans to raise $750 million for its latest deal to go public.