For being the fastest growing company in history (according to some tech journalist) it seems like right now they are in very bad shape. I overheard some guys yesterday in a bar that there are strong rumors of a lay offs in engineering, they are moving tons of dev jobs to India, they don't have a proper office in the Bay Area (everyone is wfh) and everyone hates their CTO. One of the guys actually suggested that they are on life support until they find someone to buy them up. Any insiders want to comment?
I used Groupon a lot a few years ago. Now I never use it because it seems like nothing new has been offered in the last few years and the deals have gotten more scarce. Looks like they’ve focused a lot on the Groupon Goods, which are drop-shipped and take 100 years to arrive at your home and you pay for shipping? Nah, sorry Groupon.
I used Groupon in highschool to get 30% off crappy sushi.
Groupon is a zombie company. Also fastest growing companies (to become unicorns at least) have been Bird/Lime by far I think
Now they also sell CBD candies
It’s a low tech company to begin with. They should’ve taken the google offer.
No real moat. Business model not viable since it needs businesses to subsidize products and services.
Every company will have its highs and lows. It’s all about weathering the storm. I’m sure Uber can attest to that.
Oh yeah! That's why I ask instead of assuming
You basically overheard folks reciting our Blind comments - the worst of the worst.
Layoffs and moving jobs already happened. No office is just a delay in office move. People do hate the CTO. those people are being overdramatic about life support but it's definitely a pretty low point and timing of everything is pretty bad
Second that. CTO was one of the worst hires we had
CTO is ruining the company and the culture. His CoS is even worse. 3 lay-off rounds in the last 2 months, engineering going to India. Classic cuts to make the company look good on paper as an acquisition target.
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When was the last time you or anyone you know bought something on Groupon?
Today
Congrats, you're the 1%.