Groupon Revenues Up, But Even Growth Disappoints the Market
Groupon reported stronger-than-expected earnings for the holiday quarter, but shares of the daily deal giant tanked in after hours trading due in part to poor first quarter guidance and concerns over declining margins. The company grew revenue by 18% from a year earlier, but it also saw double digit declines in margins decreased by as its less profitable ecommerce business continued to account for a larger portion of the wider revenue mix…
Looking to Woo Mobile Developers, Esri Releases New Tools
Two years after acquiring the Portland-based startup Geoloqi, Esri is putting the startup’s technology to use. The forty-five year-old mapping firm released a new geo-trigger service and a redesigned developer site this morning in an effort to build a wider developer tool kit that might serve as an alternative to the native location tools provided by Apple’s iOS and Google’s Android…
With New API, Delivery.com Connects Content and Commerce
Delivery.com, a New York-based online ordering site, has released a new framework, or API, through which developers can allow users to order from the firm’s network of restaurants — all without leaving the confines of a website, mobile app, gaming system or Google Glass. The API helps to automate the work of a business development team, allowing the company to bring the type of integrations already available on Yelp to the cornucopia of smaller, locally-focused properties…
In Yelp Earnings, No Sign of the ‘Mobile Gap’
Yelp posted stronger than expected earnings on Thursday, sending shares up nearly 10% in after hours trading — a fitting coda to a banner year for the firm on Wall Street. Shares of Yelp more than tripled in 2013, driven in part by rapid international expansion, a burgeoning local ad market in the U.S., and well-received strategic initiatives…
New England-based GoLocal Expands With New Site in Portland, Oregon
Portland will be GoLocal’s third entry into a mid-sized market with a struggling legacy newspaper. Josh Fenton co-founded the first GoLocal in Providence, Rhode Island’s capital, four years ago, and expanded to Worcester in Central Massachusetts two years later. The two sites currently generate 7.5 million pageviews per month…
Street Fight Daily: Walmart Tests In-Store Pickup, LivingSocial’s Future
A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology.… Walmart Begins Testing Online Grocery Shopping With Local Store Pickup Option In Denver (TechCrunch)… Despite Its Woes, CMO Barry Judge Sees A Future For LivingSocial (Forbes)… Google’s Newest Secret Weapon For Local Ads (Digiday)…
Citi Global Head: NFC Will Win Out By End of 2014
Near field communication (NFC), the much-maligned technology that once was held as the future of mobile payments, may not be dead yet. Richard Char, global head of digital networks and merchant Services at Citi, believes that two emerging trends will turn the tide for NFC, dissolving many of the infrastructural barriers that have mired its growth…
With Privacy Debate in Rear View, Euclid Looks to Make Offline Analytics Mainstream
The clamor that erupted last year after the Wall Street Journal and other mainstream outlets reported that some big retailers passively tracked users in their stores has waned in recent months, opening the door for an emergent offline analytics sector to become a mainstay retail industry. Euclid, the company that quickly became the poster-child for in-store tracking during the debate, is making its core tracking technology free this morning in an attempt to lure in the millions of smaller, more apprehensive retailers across the country…
JiWire Partners With Datalogix to Ramp Up Mobile Targeting and ROI
“Where people spend their time and where they spend their money are two very powerful signals for understanding audiences in the context of their daily lives,” JiWire President David Staas told Street Fight. “Our partnership enables marketers to leverage the power of mobile targeting, measurement and insights across hundreds of rich audience segments.”
How Yahoo and Intuit Plan to Win With Small Businesses
Major companies have started to turn their gaze to the small business market, looking to cash in on a segment that has long eluded some of technology ‘s biggest players. During Interactive Local Media in San Francisco Wednesday, two Web 1.0 giants – Intuit and Yahoo – laid out their strategies to position themselves as the go-to source for small business software…
MomentFeed Nabs $5.5M in Funding to Scale Social for Multi-location Brands
MomentFeed announced this morning that it has closed a $5.5 million Series A funding round led by Signia Venture Partners. Robert Blatt, who was quietly installed at MomentFeed’s new CEO earlier this year, told Street Fight that the new funding would go toward further scaling MomentFeed’s platform…
New Borrell SMB Report: ‘The Deer Have the Guns’
The 903 small business owners surveyed in a new study from Borrell Associates said they expected to spend only 12% of their digital advertising budgets in 2013 on banner advertising, sponsorships, and classifieds. Meanwhile they expected to spend more than half of their marketing budgets on owned channels, investing heavily in managing their website (35%), running email marketing campaigns (13%), and social media (14)%.
Watch Out Intuit — Booker Guns For Demandforce With New CRM Tools
Eight months after raising a massive Series A round, Booker is making its push into a new, and potentially massive, market: CRM. Today, the New York-based company, which began selling booking and business management software to service businesses, rolled out Promote, a Demandforce-like product that allows businesses to tie email messaging and social media campaigns to the goings-on of their business…
ARLnow Expands to Third Community in Metro D.C. – Reston, Va.
Independent hyperlocal publisher Scott Brodbeck has launched a third digital news publication in the suburbs of metro Washington, D.C. His new RestonNow serves a thriving, nationally recognized planned community that was built from scratch on farmland in Northern Virginia’s Fairfax County…
The Changing Economics of Dialing for Local Data
Matrix partners, the Sand Hill Road firm that invested in startups like Hubspot and Care.com, has made a $4.2 million bet on Locality (formerly Centzy), a local search startup that uses a combination of technology and manpower to amass pricing and product information for local service businesses. The startup relies on an army of contractors to call up businesses across the U.S. and find out everything from hours of operation to product lineups and price structures…
Study: Mobile Revenues Growing Faster Than Expected
A new study from BIA/Kelsey finds that mobile advertising revenues may be picking up more quickly than previously thought. In the fall 2013 update to its Local Media Forecast, the research firm projects that U.S. mobile advertising revenues will jump from $7.03 billion in 2012 to over $20 billion in 2017. Meanwhile, local’s share of mobiles spending continues to grow, with local targeting set to touch one of every two dollars spent on mobile advertising by 2017.
Conference Notebook: Taking Uber Beyond Taxis, Kittens and Ice Cream
Don’t worry OpenTable. Uber isn’t going to start booking tables — at least, not yet. During an interview at the Business Insider Ignition Conference in New York on Thursday, the company’s chief executive, Travis Kalanick, ruled out markets like hotels and restaurant reservations that do not involve delivery as potential areas of expansion for the on-demand service while hinting at a future beyond the taxi industry…
Groupon Defends Branded Keyword Practice
A spokesperson for Groupon yesterday defended the company’s practice of buying branded keywords to promote discounts run for clients, telling Street Fight that most clients wants as much reach as possible. Some in the local marketing industry have criticized the practice lately, arguing that the deals company may be cannibalizing merchants’ potential sales by promoting discounts to users who were already looking for the business while diverting customers away from the merchant’s existing site…