Groupon

Groupon is a deal-of-the-day website that is localized to major geographic markets in the United States and Canada. Launched in November 2008, the first market for Groupon was Chicago, followed soon thereafter by Boston and New York City and Toronto. As of October 2010^[update], Groupon serves more than 150 markets in North America and 100 markets in Europe, Asia and South America^[2].
The idea for Groupon was created by now-CEO Andrew Mason.^[3] The idea subsequently gained the attention of his former employer, Eric Lefkofsky, who provided $1 million in "seed money" to develop the idea. Groupon is growing fast with a projected revenue of $500 million for 2010. At just under 2-years old in April of 2010, the company was valued at $1.35 billion. ^[4]
Groupon also owns several international operations, all of which were originally deal-of-the-day services similar to it, but then re-branded under the Groupon name after acquisition; these have included the European-based MyCityDeal (17 May 2010), the South American ClanDescuento (22 June 2010), the Japanese service Qpod.jp, and Russian Darberry.ru (both on 17 August 2010).^[5] Prior to these acquisitions, Groupon had bought out the mobile technology company Mob.ly.

From Wikipedia.com

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