Groupon long-term potential intact, says Piper Jaffray Piper Jaffray said it still believes Groupon will be successful in building itself into a deals search destination, though this could take two or three years. In 2014, Piper expects a potential acceleration in U.S. revenue growth and greater stability in growth elsewhere and maintain its Overweight rating and $15 target on Groupon.
Groupon acquires OrderUp Groupon announced the acquisition of OrderUp, an on-demand online and mobile food ordering and delivery marketplace operating in nearly 40 markets across the United States. "Online food ordering and delivery represents an untapped opportunity for Groupon and serves as a natural extension of our local marketplace," said Groupon CEO Eric Lefkofsky. "The potential in delivery and takeout is apparent -- especially with the growth of mobile -- and OrderUpís operational ability, coupled with Grouponís engaged customer and merchant base, bring tremendous scale to the space."