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Groupon, Inc. is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 13 [2] countries. Based in Chicago, Groupon was launched there in November 2008, launching soon after in Boston, New York City and Toronto.
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By late 2006, the deal-of-the-day industry had greatly expanded to over 100 deal-a-day sites. In November 2008, Groupon entered the market and became the second fastest online company to reach a billion-dollar valuation.
Deal chasers know that Groupon's (GRPN) daily deals have a limited shelf life. "Reminder: Go use your Groupons!" urges the company's email missive when a buyer's prepaid voucher is about to expire.
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After pioneering the daily group coupon deal concept and making a mint off it, Groupon (NAS: GRPN) began to experience the sincerest form of flattery. Soon there were boatloads of imitators trying ...
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