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The idea that would eventually become Groupon was born out of founder Andrew Mason's frustration trying to cancel a mobile phone contract in 2006. Mason thought that there must be some way to leverage the collective bargaining power of a large number of people.
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With Groupon taking 50 percent of every deal, plus a small credit-card handling fee, [9] in late 2010 it was reported by Mashable that Groupon's annual revenue was $800 million. [10] On December 1, 2010, The New York Times reported that Groupon was the subject of a $6 billion acquisition bid from Google , which Groupon turned down.
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Savings interest rates today: Money can't buy love, but sweet returns of up to 4.50% APY comes close — Feb. 14, 2025
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