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Daily deals platform Groupon generated $760 million in sales in 2010, 23 times the $33 million it generated in 2009, an internal memo sent out by Groupon CEO Andrew Mason in early January reveals.
According to the memo, which was allegedly obtained by The Wall Street Journal, one third of last year’s revenue came from outside of the U.S. Mason hopes Groupon will pull in “billions” in 2011.
The startup raised $950 million in a Series D round of funding in early January, a little more than a month after it rejected a $6 billion acquisition offer from Google. A trusted source told us in early December that Groupon generated about $800 million in sales in 2010.
mashable
Wow, that's a lot of sales for a s
According to the memo, which was allegedly obtained by The Wall Street Journal, one third of last year’s revenue came from outside of the U.S. Mason hopes Groupon will pull in “billions” in 2011.
The startup raised $950 million in a Series D round of funding in early January, a little more than a month after it rejected a $6 billion acquisition offer from Google. A trusted source told us in early December that Groupon generated about $800 million in sales in 2010.
mashable
Wow, that's a lot of sales for a s