On Friday at our Social Currency CrunchUp, Groupon CEO Andrew Mason sat down for an interview with our own Michael Arrington and Erick Schonfeld. Mason touched on Groupon's history ?�including some dabbling with slippers with flashlights, and also gave some insight into the company's growth as well as his view on the competition.
During the interview, Michael revealed that he'd heard that Groupon was generating $1 million in revenue a day ?�Mason played coy and didn't appear to confirm this. However, he did acknowledge that the company is getting a gross margin of 50% or higher, going on to say "it's a cool business".
It's safe to say that Mason, at least publicly, isn't overly concerned about Groupon's potential competition. Asked about the possible entry of Google into the market, Mason facetiously responded, "Google, Oh My God!".VEECO INSTRUMENTS
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