Titan in daily deal business, Groupon is on the heel of filing its $750 million initial public offering. Company’s revenue has been surged from $94,000 in 2008 to $713 million in 2010. The extensive expansion plan across the globe made Groupon as one of the fastest growing Internet companies in the world. This has also grab the attention of many “industry giants” towards Groupon success and many unsuccessful acquisition attempts were made to pocket the future benefits from it.
However, for last couple of months Group is facing steep criticism from various industry experts and analysts over its operation method. Despite of such enormous growth company is yet to come on profit-path. Competition is growing due to thousands of clones across the globe and market is slowly heading towards saturation in coupon business.
Last year Google was equally excited to jump into the daily deal business and made an unsuccessful attempt to pocket Groupon at whopping $6 billion. Many industry experts are considering this as one of the biggest mistake from GroupOn’s CEO Andrew Mason who turned down Google’s offer only to pursue for IPO.
Now that competition is at its best, Google and Facebook both are at the direct competition of Groupon with “Facebook Deals” and “Google Offers”. Here is an enlightening infographic, by OnlineMBA, that offers a comprehensive look at the company’s history as well as an assessment of the ponzi scheme accusations made against it. It should be pretty useful for anyone curious about investing in Groupon.
