Groupon Raises Nearly $1 Billion
After walking away from a Google buyout offer last year, group buying service Groupon announced that it has raised $950 million dollars in new venture funding.
The Chicago-based Groupon, dubbed by Forbes “the fastest growing company ever,” serves up steep daily discounts from local businesses that can only be redeemed if a certain number of users opt in to them. Since its launch in 2008, the company has attracted more than 50 million users, and grown by a whopping 2,500% in 2010.
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