Groupon Did Over $750 Million In Revenue Last Year

A report from the Wall Street Journal shows that Groupon, one of the hottest technology companies around, did $760 million in revenue last year, more than 20 times what it did in 2009. 2009 revenues were $33 million. It also generated more than 33% of its sales last year from outside the U.S. All of this data was obtained from an internal memo. Groupon CEO Andrew Mason sent the email early last month, and shows Mason's ambitious plans for the company. "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," he wrote in the email. Groupon, along with Facebook, Twitter, and LinkedIn, have been in the news as of late as trading in their stock on private exchanges makes national news. LinkedIn has filed to go public, while Groupon is rumored to go public later this year. Goldman Sachs CEO Lloyd Blankfein recently met with the company to discuss this. The company rejected a $6 billion takeover bid from Google Inc. GOOG in December. Mr. Mason told his company that others would try to thwart Groupon's rise to the top. "If you feel a little like Frodo climbing Mount Doom, you can't be blamed," he wrote. $760 million up from $33 million. Collective buying power indeed.