After selling its first Groupon in October 2008, the company announced on Friday that it has sold one billion Groupons.
Groupons allow customers to buy discounted tickets, services or products.
The company will run a promotion until March 1 with discounts up to 80% off, the company said.
"We're thrilled and humbled to join the select group of brands and names in the billion-sold club," Groupon CEO Rich Williams said in a statement. "We owe a huge thank you to our amazing merchants who've entrusted us to promote their business and our loyal customers who've made us part of their daily routine when discovering the best businesses in their neighborhood."
Based in Chicago, Groupon operates an online marketplace that connects merchants and consumers.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: GRPN