Street Fight Daily: Groupon Revenues Up, AmEx App Serves Deals
A roundup of today’s big stories in hyperlocal content, commerce, and technology.
Sharp Revenue Increase for Groupon Gives Stock a Boost (Chicago Tribune)
Improvements in technology and deal variety helped Groupon Inc.post a nearly 90 percent increase in revenue during the first quarter, giving the company a much-needed boost after weeks of punishing stock declines. On Monday, shares jumped 18.5 percent, to $11.73, in advance of the earnings report and continued climbing in after-hours trade, with the stock up an additional 18 percent.
AmEx App to Blast Daily Deals Based on Your Payment History (Mashable)
American Express has launched an iPhone app feature that blasts daily deals offers to consumers based on their purchase history and location. Offers, concentrated first in New York and Los Angeles, will include merchants like Dunkin’ Donuts and Baskin-Robbins, which are offering “spend $10, get $5″ deals. Local merchants in both cities are also offering deals.
With Smartphone-Assisted Shopping, How You Shop Depends On Where You Shop (TechCrunch)
Nielsen is putting hard numbers to how consumers like to shop with their smartphones, backing up trends we already suspected to be the case. In particular, the new report examines how consumers use their phones when shopping out there in the real world (what’s that?) – using phones to compare prices, scan barcodes and even redeem coupons.
Groupon Gets a Poorly Titled CBS Sitcom (Vanity Fair)
The misleadingly titled CBS sitcom “Friend Me,” which the network has just ordered to series for next season will star Christopher Mintz-Plasse and Nicholas Braun as “twentysomething best friends, Evan and Rob, [who] move from their hometown of Bloomington, Indiana, to Los Angeles to begin their exciting new lives working at Groupon.”
Street Fight Adviser Larry Kramer Is USA Today’s New Publisher (PaidContent)
Larry Kramer, the founder of MarketWatch and an adviser to Street Fight since our launch, has been named the new president and publisher of USA Today. It’s a sign that Gannett is serious about moving ahead in digital while making the most of its print roots. Kramer will report to CEO Gracia Martore and will be responsible for every facet of Gannett’s troubled flagship publication.