Groupon Stock Price, News & Analysis

Groupon has announced the appointment of Kedar Deshpande as its new Chief Executive Officer, effective December 10, 2021. Deshpande, who previously served as CEO of Zappos, has a decade of experience in e-commerce and will also join Groupon's Board of Directors. Interim CEO Aaron Cooper will step down but remain available to ensure a smooth transition. The company aims to enhance its position as a local experiences marketplace, with Deshpande expressing enthusiasm for driving growth and value.

Allison+Partners has been appointed as the public relations agency of record for Groupon, focusing on enhancing the company's brand and corporate positioning related to its transformation into a leading local experience provider. The agency plans to leverage Groupon's expanded inventory and user experiences to create impactful campaigns, including a holiday push emphasizing experiences as gifts. National media coverage has already been achieved around various cultural moments, showcasing Groupon's commitment to connecting consumers with local businesses.

Groupon has partnered with Square to enable local merchants to create marketing campaigns directly on Groupon through Square's App Marketplace. This integration simplifies the customer journey by allowing Square's Beauty and Wellness and Things to Do merchants to use Square Appointments for their Groupon promotions. Groupon aims to enhance the merchant experience, reduce acquisition costs, and expand inventory quality. Currently, all Square merchants in the U.S. can access this integration, which potentially opens up new opportunities for growth and customer engagement.

Groupon (NASDAQ: GRPN) announced its third quarter earnings, highlighting robust progress on strategic priorities. The company is focused on enhancing its marketplace for experiences, aiming to connect consumers with local businesses effectively. While specific financial metrics were not disclosed in the PR, the emphasis on strategic priorities suggests a positive outlook for future performance. Investors can find detailed earnings materials on Groupon's Investor Relations site.

Groupon has announced a new distribution partnership with Google Pay, set to launch in early 2022, allowing users to access local experiences and travel inventory directly through the Google Pay app. This initiative aims to enhance merchant reach and customer convenience, aligning with Groupon's goal to capture a larger share of the $1 trillion market for local experiences. The partnership is expected to benefit both consumers and merchants by improving visibility and accessibility of Groupon's offerings.

Groupon (NASDAQ: GRPN) plans to release its third quarter 2021 financial results on November 5, 2021, before market opening at 6:30 AM ET. A conference call will follow at 10:00 AM ET to discuss these results. Investors can access a live webcast of the call and view earnings slides at investor.groupon.com. A replay will also be available post-call. This announcement comes as Groupon continues to position itself as a leading experiences marketplace for consumers and local businesses.

Uptake, a leader in industrial intelligence software-as-a-service, has appointed Mark Botticelli as Chief Technology Officer and Matt Miller as Chief Legal Officer, expanding its leadership team to support growth in 2022. Botticelli brings over 30 years of technology experience, while Miller has 25 years in corporate law, enhancing Uptake's capability in technology innovation and legal compliance. These appointments follow the recent selection of Kayne Grau as CEO, signaling a strategic move toward enhancing Uptake's offerings to asset-intensive organizations.

Groupon's latest survey highlights a positive outlook among women small business owners, with 94% expressing happiness in their roles. 76% reported working an average of 12 hours daily, and 64% earned as much or more than prior to starting their businesses. However, 54% noted facing systemic challenges compared to men, particularly regarding access to capital and work-life balance. Groupon is emphasizing support for women-owned businesses during National Women’s Small Business Month by promoting around 2,000 such businesses across the U.S.

Groupon, Inc. (NASDAQ: GRPN) announces participation in the Wolfe Research TMT Conference on September 8, 2021. Interim CEO Aaron Cooper will engage in a virtual fireside chat at 4:20 PM ET. The event will be accessible via a live webcast and replay on the company's investor relations website.

Groupon operates as an experiences marketplace, aiding consumers in discovering enjoyable activities while supporting local businesses. For further details, visit groupon.com.