Groupon’s Google Deal Disaster

Groupon once rejected Google’s $6 billion acquisition offer and chose to go public instead. In 2011, the company debuted with a market cap of about $17.8 billion, turning the daily-deals business into one of the internet’s hottest new bets. But the excitement did not last, and by 2023 Groupon had lost more than 99% of its value since its IPO.

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