Groupon files to raise up to $950 mln

Groupon fundsShortly after rejecting Google’s $6 billion buyout, Groupon could potentially acquire up to $950 million by selling off preferred shares. VCExperts reports that on December 17, the company filed a 22-page document with the state of Delaware to authorize Series G funding, which could bring Groupon’s worth between an estimated $6.5 and 7.8 billion. The document states that Groupon amends its certificate of incorporation, and can thereby issue approximately 30 million shares of Series G preferred stock for $31.59 a share.

The site also speculates that this money could be used to finance Groupon’s international expansion. The daily deals site has made no secret about its plans to develop in Asia, and this round of funding would undoubtedly help with expenses.

CEO Andrew Mason confirmed the report, saying via Twitter that “Groupon is in the process of completing a new round of financing.” Bloomberg reports that the CEO is considering “an initial public offering in the new year,” and in more development for the company, has hired former Amazon VP of finance Jason Child as its CFO. Bold steps for a startup that was purportedly considering selling itself to Google weeks ago. Bloomberg claims that sources close to the situation say the deal went sour because Mason feared it “would sap employee morale and alienate business clients.”

Whatever the reason, it appears Mason made the right decision. If Groupon’s funding sees its full potential, it will soon be valued more than Google’s $6 billion offer. And any significant growth for the company means it could also exceed its estimated $2 billion in annual revenue for 2010 in 2011.

If Groupon goes IPO the shares would become publicly traded stock. The jury is still out on how seriously the company is contemplating this option. VCExperts claims that Mason’s investment in overseas expansion signals resistance to IPO plans, but various reports maintain that it is still a possibility and one that Groupon will continue to mull over in the coming year.


We tested Nvidia’s RTX 2080 and 2080 Ti. Are they a worthy upgrade?

We finally have Nvidia's newest graphics cards, the RTX 2080 and 2080 Ti, and put them through our standard suite of benchmarks and game tests to see how they performed in a standard play of Battlefield 1 and Fornite. How do they compare to…
Smart Home

Report: Amazon might open 3,000 cashier-free Amazon Go stores by 2021

According to new reporting by Bloomburg, anonymous sources within Amazon say that CEO Jeff Bezos is considering opening up to 3,000 of the company's cashier-less, experimental Amazon Go stores by 2021.

Find out how Apple's new iPhones measure up to the most bezel-less designs

As the smartphone industry marches toward a bezel-less future, we compare the shrinking bezels on the latest and greatest devices. Find out which manufacturers have the smallest bezels on their smartphone as we measure them side by side.
Movies & TV

The best movies on Netflix in September 2018, from 'Spotlight’ to ‘Black Panther’

Save yourself from hours wasted scrolling through Netflix's massive library by checking out our picks for the streamer's best movies available right now, whether you're into explosive action, subdued humor, or anything in between.
Social Media

How to run a free background check

There are plenty of legitimate reasons for carrying out a background check, and not all of them are creepy. Here are several methods that allow you to run a thorough background check on someone online, whether you need to vet a potential…

Nvidia GeForce RTX 2080 vs. GTX 1080

Should you upgrade from your GeForce GTX 1080 to the GeForce RTX 2080? Even if you won't take advantage of ray tracing, there are other benefits to the RTX series. We'll examine how each GPU performs to help you decide.

Not just for photographers anymore, Loupedeck+ now supports Adobe Premiere Pro

Video editors can now get physical with the Loupedeck+ control board. Originally for Lightroom, a software update allows the controls to adapt to video editing, including color grading, clip trimming, and navigating through the timeline.

PowerDirector, PhotoDirector aim to balance advanced tools with easy editing

CyberLink's latest photo- and video-editing programs fix advanced tools with a simple UI. PowerDirector adds Chroma-Key tools and multicam features, while PhotoDirector gains tethered shooting, an updated layer, and Content-Aware tools.

Here are all the games that support Nvidia’s RTX ray tracing

These are the upcoming games that support ray tracing rendered on Nvidia's RTX series graphics cards. They aren't many in number at this point, but thanks to the power of ray tracing, they are some of the best looking games ever made.

Nvidia's new GPUs are all about ray tracing. Here's why that matters

Nvidia's new GTX 2000 series graphics cards bring Ray Tracing technology to modern real-time 3D graphics, including games, for the first time. But what is ray tracing, and what does it mean for your games?
Emerging Tech

Giant wind farm in Morocco will help mine cryptocurrency, conserve energy

One of the windiest parts of Morocco is set to get a $2 billion wind farm power plant, which could help power eco-friendly cryptocurrency mining in a more environmentally friendly way.

AT&T’s new 5G network could adopt tiered billing, including a gaming plan

AT&T may be leveraging its 5G's fast speeds and low latency in order to create a special plan for gamers. AT&T didn't disclose what the 5G gaming plan will cost, but gamers could be free from Wi-Fi in the future.

Nvidia's new RTX GPUs have arrived. Here's what you need to know about them

Nvidia's new RTX 2000 series graphics cards are impressive pieces of hardware, with some amazing advancements and some rather high price tags to match. Here's everything you need to know about Nvidia's new top-tier cards.

Cyber Monday 2018: When it takes place and where to find the best deals

Cyber Monday is still a ways off, but it's never too early to start planning ahead. With so many different deals to choose from during one of the biggest shopping holidays of the year, going in with a little know-how makes all the…