![]() Google offered to purchase Groupon for $6 billion in December 2010, but Groupon declined and launched its initial public offering (IPO) in November 2011, raising $700 million. Dusan Senkypl has served as Groupon's CEO since March 2023. It became focused on coupons when The Point's small following decided they wanted to round up groups of people to buy a product and receive group discounts. Groupon was born from The Point, a 2007 web platform that used social media as a tool to organize people around the same cause or goal. Groupon was founded in November 2008 by Eric Lefkofsky, Brad Keywell, and Andrew Mason. The name is a portmanteau of the words group and coupon. Groupon is an e-commerce website that offers coupons and discounted gift certificates to both local and national businesses.
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