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LAST DAY! Enter Now To Win A Brand New iPad2 From Business Insider

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Groupon's REAL Revenue Last Quarter Was Not $645 Million

There has been a consistent error in the reporting on Groupon's financial performance: Its real revenue is nothing like the number that's tossed around by most news organizations (including us).

Conor Sen at Minyanville points out that Groupon's often cited $645 million in revenue for the first three months of this year is gross revenue. As in, that's all the money Groupon takes in from deals.

Of that, it keeps $270 million, which is Groupon's net revenue number.

So, Groupon's net revenue for the year will be something like $1.2 billion or more. Still impressive, but considerably less than what people are expecting.

For more head over to Minyanville >

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See Also:

• CHART OF THE DAY: Groupon's Massive Revenue And Massive Losses
• The Weird Groupon IPO -- The SAIcast Discuss
• WHY WAIT FOR THE IPO? These 13 Groupon Execs And Investors Have Already Cashed Out To Tune Of $870 Million

Groupon's REAL Revenue Last Quarter Was Not $645 Million

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Comment on The last things missing from Apple’s perfect cloud storm by Eddie

Good observations! Many others will want iMessage and Notification Center parity between iOS and OS X and so logically it makes sense that it will be available sooner than later.

Comment on The last things missing from Apple’s perfect cloud storm by Eddie

Backlink: http://gigaom.com/apple/the-last-things-missing-from-apples-perfect-cloud-storm/#comment-630106

CHART OF THE DAY: Who Bought And Sold Apple Shares Last Quarter (AAPL)

We took a look at data on Bloomberg about who was buying and selling shares of Apple in Q1, after seeing some tweets from SAI commenter/contributor Sammy The Walrus IV.

Apple's biggest shareholder, Fidelity, dumped a fairly large amount of stock, ~1.9 million shares. Capital Research Group loaded up on Apple's stock buying 3.7 million shares, which is a 50% increase in its Apple shares.

For the latest tech news, visit SAI: Silicon Alley Insider. Follow us on Twitter and Facebook.

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See Also:

• Apple Store At Grand Central Could Take Up Two Balconies In The Main Hall
• THE APPLE INVESTOR: Stock Going Lower, Although Fundamentals Indicate The Contrary
• HTC Cofounder/Chairwoman Spotted Shopping In Palo Alto Apple Store

CHART OF THE DAY: Who Bought And Sold Apple Shares Last Quarter (AAPL)

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GROUPON: $760 Million In Revenue Last Year, Billions This Year

Groupon did $760 million in revenue last year, up from $33 million the year before, according to a memo CEO Andrew Mason sent out to his troops, which was picked up by the Wall Street Journal.

Mason says the company is aiming for billions this year.

For some context, the nearest competitor to Groupon, LivingSocial says it will do $500 million in revenue this year.

Mason told employees in his memo, "By this time next year, we will either be on our way to becoming one of the great technology brands that define our generation, or a cool idea by people who were out executed and out innovated by others that were smarter and harder working."

Other details from the memo:

• Groupon generated 1/3 of its revenue from international markets.

• It has 51 million subscribers, and hopes to get to 150 million by year end.

• It wants $1 billion in revenue from new products this year.

• It employs 4,000 people, and is in 565 cities.

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GROUPON: $760 Million In Revenue Last Year, Billions This Year

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