Groupon is doing what Facebook can’t: Profiting from mobile
Groupon’s quarterly results are out, and they’re surprisingly good—$601.4 million in revenue compared to expectations of $588.9 million, and net operating income up $34 million compared to last quarter. In its release, Groupon highlighted what seems to be the company’s new strength: mobile. “We had record mobile performance as 45% of our North American transactions came from mobile in March, and more than 7 million people downloaded our apps in the quarter,” said CEO Eric Lefkofsky in a prepared statement.