Despite profit issues, legal controversy, and a crowded space, Groupon grows revenue and marketshare

Groupon has postponed its IPO. It's bleeding red ink. Oh, and it's illegal, too.

Despite all this, the pioneering daily deals site is still growing its revenue and marketshare.

The company grew 13% in August, boosting revenue from $106 million to $121 million. Meanwhile, key competitor LivingSocial actually saw a decline in revenue. Overall industry growth was pegged by aggregator Yipit at 9%.

Groupon's market share expanded to 53%, a gain of 2%, while LivingSocial's share declined.

Company:: Groupon
Website:: http://www.groupon.com
Location:: Chicago, Illinois, United States

Launched in November 2008, Groupon features a daily deal on the best stuff to do, see, eat, and buy in a variety of cities across the United States. We have about 200 wonderful people working in our Chicago office (a handful of whom you can see to your right), along with a smattering of people in Groupon's other cities. Our company philosophy is pretty simple: we treat our customers the way we like to be treated.... more

Knowlton Thomas

Knowlton is the Associate Editor of Techvibes. A Vancouver-based writer and author, Knowlton has been published in national publications and has also appeared on television and radio. He has written two ebooks and more are in the works. Previously, he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing... more

Despite profit issues, legal controversy, and a crowded space, Groupon grows revenue and marketshare

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