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Articles tagged with: trade

Groupon Files For $750 Million IPO
According to Business Insider, Groupon has filed an S-1 with the SEC (Securities and Exchange Commission) in efforts to raise $750 million in an Initial Public Offering (IPO), backed by Morgan Stanley. Some of details of the filling
  • Groupon lost $413 million in 2010
  • 2010 revenues totaled $713 million
  • Groupon’s first quarter 2011 revenues reached $645 million
  • Groupon has 83 million email subscribers
  • Groupon sold 30 million coupons last year
  • Groupon spent $86 million on operating costs in 2010
  • Groupon has 7,000+ employees
Cuba’s New $70 Million Internet Pipe

Last week, an undersea cable joining Cuba with Venezuela was completed, a process that took nearly 3 weeks and $70 million. A second leg will connect Cuba with Jamaica which will become operational this summer. These new cables will increase internet capacity by 3000% and according to Prensa Latina, these new cable are “a breach” in the longstanding trade embargo against the island.

The Venezuela link runs some 1500 kilometers and comes in thru the city of Santiago de Cuba in the eastern part of the island. The fiber was laid down by Alcatel-Lucent a French company.