Groupon Stock Price, News & Analysis

Groupon is enhancing its technology platform to speed up product development and improve customer experiences. The company aims to simplify operations by adopting Agile methods, migrating 75% of its data to the cloud, and automating processes.
CTO Sachin Devand emphasizes leveraging tech assets and reducing platform complexity to drive growth. Key initiatives include re-architecting services and increasing self-service automation for merchants, which could enhance flexibility and cost efficiency.
These foundational changes are expected to benefit stakeholders significantly.

Groupon (NASDAQ: GRPN) announced a cooperation agreement with Pale Fire Capital, its largest shareholder (22% ownership). As part of this agreement, Dusan Senkypl will join the board as a director, while Jan Barta will become a board observer and is set to be appointed as a director by November 30, 2022. The board will consist of nine members, with eight being independent. Both companies aim to leverage the expertise of Pale Fire to enhance Groupon's marketplace and drive stakeholder value amidst a challenging economic landscape.

Groupon, Inc. (NASDAQ: GRPN) announced that CEO Kedar Deshpande and Interim CFO Damien Schmitz will attend the Baird Global Consumer, Technology & Services Conference on June 7, 2022. Deshpande will engage in a fireside chat at 3:45 PM ET. A live audio webcast and replay will be accessible via the company's investor relations website at investor.groupon.com.

Groupon serves as an experiences marketplace, connecting consumers with local businesses and offering a diverse selection of activities.

Groupon (NASDAQ: GRPN) has announced its first quarter earnings and revealed plans to expand its local marketplace while introducing a new beauty and wellness marketplace. The company aims to enhance its core offerings and attract more consumers to its platform. The earnings materials can be accessed on Groupon’s Investor Relations site. This strategic move is expected to strengthen Groupon's market position by providing diverse experiences to customers and supporting local businesses.

Groupon, Inc. (NASDAQ: GRPN) has announced that it will release its first quarter 2022 financial results on May 9, 2022, after market close. The company will host a conference call at 5:30 PM ET to discuss the results. Interested parties can access a live webcast on investor.groupon.com, with a replay available afterward.

Groupon focuses on connecting consumers with local businesses, offering a marketplace for diverse experiences and great values.

Groupon (NASDAQ:GRPN) reported a 32% year-over-year growth in local billings for Q4 2021, demonstrating resilience despite challenges posed by the Omicron variant. This performance highlights the company’s ongoing ability to connect consumers with local businesses effectively. The financial results, including full-year metrics, are available on Groupon’s Investor Relations site.

Groupon has launched the Groupon Student Success Initiative in partnership with Chicago State University (CSU) to promote educational access and diversity. Beginning in the 2022-23 academic year, Groupon will provide five scholarships that cover all tuition and fees for selected CSU students, who will also receive mentorship from Groupon employees. Participants will gain priority for internship opportunities in their junior and senior years. This initiative aims to address racial disparities in education and build a diverse talent pipeline for Groupon.

Groupon (NASDAQ: GRPN) will release its fourth quarter and full year 2021 financial results after market close on February 28, 2022. A conference call is scheduled for March 1, 2022, at 10:00 AM ET to discuss the results. The call can be accessed live via a webcast on investor.groupon.com, with a replay available post-event. Groupon operates as an experiences marketplace, connecting consumers with local businesses to provide an array of value-driven experiences.

On February 2, 2022, Prescience Point Capital Management updated its price target for Groupon (GRPN) following the company’s disclosure of a 2.4% ownership stake in European payments firm SumUp. This investment, valued at approximately $15 per share, represents over half of Groupon's market capitalization. The report emphasizes that Groupon is undervalued and may experience significant price increases based on upcoming catalysts such as analyst upgrades and reduced short-selling pressure.