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Coupon Site Publisher WhaleShark Media Raises A Massive $150 Million

Matt Lynley

whaleshark media

WhaleShark Media, which owns and runs a number of online coupon and deal sites, announced today it has raised $150 million from JP Morgan and Institutional Venture Partners.

The company facilitated $1.7 billion worth of sales in 2011. Its sites attract 300 million visitors annually.

WhaleShark Media sites have both Groupon-style deals and discount codes for websites.

The company plans to use the funding to acquire additional deal sites.

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Watch The Groupon CFO Defend The Company On CNBC
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source: www.businessinsider.com

10 Nov 2011

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Consumers Can Now Buy Things Directly From YouTube Videos [THE BRIEF]

www.businessinsider.com Laura Stampler 8 days ago

national cinemedia

michael ian black

youtube videos

mobile apps

product placements

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management software companies

initial public offering

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zenithoptimedia

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reed hastings

graph search

picture of ashton kutcher

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www.businessinsider.com Alyson Shontell 118 days ago

next generation solution

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www.businessinsider.com Jim Edwards 55 days ago

villanova university school

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www.businessinsider.com Jim Edwards 173 days ago

andrew mason

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It's been a rough week for Andrew Mason, the Groupon CEO who emerged unscathed from a meeting with his board of directors Thursday around which there was speculation he might be fired. But there are two obvious reasons why the original report that the Mason was "on the bubble" was wrong. First, the executive chairman of Groupon's board is Eric Lefkofsky. It was Lefkofsky who gave Mason his first job and his first $1 million in seed money to found Groupon, back in 2008. Since then, Lefkofsky has retained a close financial relationship with Groupon (his other companies draw revenue fro... Read similar

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Groupon's COO Just Signaled Plans For Massive International Layoffs (GRPN)

www.businessinsider.com Owen Thomas 85 days ago

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On Groupon's fourth-quarter earnings call, COO Kal Raman, who joined the daily-deals company last year to automate and improve operations, just dropped a big hint about layoffs. Raman said that in Groupon's international markets, twice as many people "touch a deal" as in the United States. In other words, Groupon is far less efficient in those markets. He also talked about how the company will get "sustainable operating leverage" over costs in the first half of 2013. He didn't discuss headcount changes, but those are both pretty obvious clues about what Groupon has to do. Groupon made a small ... Read similar

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www.businessinsider.com Kevin Smith 176 days ago

washington business journal

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Sad To Say, But Andrew Mason Is Probably Not Going To Be Groupon's CEO Much Longer (GRPN)

www.businessinsider.com Owen Thomas 85 days ago

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Until today's earnings announcement, things were looking good for Andrew Mason, the founder and CEO of Groupon. The daily-deal company's stock had more than doubled from where it had bottomed out in November. It crossed $5—an important point for investor psychology and institutional support, since some mutual funds can't buy stocks trading below that point—early in the year. In after-hours trading, it gave most of those gains up. There's been a lot of speculation about whether Andrew Mason will keep his job. The last word from the company was that the board and management were head... Read similar

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IGNORE THE HATERS: Why Groupon Is Actually Crushing It (GRPN)

www.businessinsider.com Jim Edwards 85 days ago

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Investors hated Groupon's Q4 2012 earnings — both revenue and non-GAAP earnings came in lighter than expected. That places renewed pressure on CEO Andrew Mason, whose job was called into question back in December. I argued back then that his job was likely safer than the peanut gallery thinks it is. After this new set of numbers, I think he's actually less likely to lose his job than he was before. These charts show why. First, look at Groupon's underlying economic fundamentals. For a long time the company was derided as an unprofitable Ponzi scheme. But Q4's numbers show that, for the ... Read similar

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How One Company's Twitter Account Went Rogue

www.businessinsider.com Heather Leonard 109 days ago

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Google Would Be Nuts To Buy Groupon, Even At A Huge Discount (GOOG, GRPN)

www.businessinsider.com Tara Lachapelle 164 days ago

google inc

andrew mason

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retail operations

Dec. 11 (Bloomberg) -- Even at half the price Google Inc. bid two years ago, Groupon Inc. is no deal for potential buyers. After sinking 79 percent this year, the online-coupon service is now valued at $2.8 billion and last month fetched a record low price-sales ratio, according to data compiled by Bloomberg. As competition intensifies and demand wanes, analysts see revenue growth slowing to 0.6 percent in 2015, down from 45 percent in 2012 and the 1,233 percent average in the past two years, the data show. Instead of selling to Google for $6 billion in 2010, Chicago-based Groupon chose to go ... Read similar

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