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Groupon named a new Chief Operating Officer on June 2, 2015, Rich Williams and in November, Williams was named CEO. [35] [36] On September 22, 2015, Groupon announced they would be eliminating approximately 1,100 positions, primarily in their sales and customer service operations. [37]
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Groupon MyCityDeal is a collective buying power, deal-of-the-day website that is focused on bringing discounted price deals [1] in the lifestyle and leisure sector to UK and European markets. History [ edit ]
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.