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Groupon founder admits to 'bush-league mistake' before IPO

Groupon CEO Andrew Mason admits that his team made mistakes before the daily deals site went public late last year, but he defended his performance in guiding the startup's meteoric rise.

In an interview with Lesley Stahl aired tonight on the CBS news magazine "60 Minutes," Mason conceded that his team made a "bush-league mistake" when it misstated its revenues before going public. The Securities and Exchange Commission forced the daily deals provider to revise its filing papers after the company reported that it generated $713.4 million in revenue in 2010, while the SEC … Read more

The 404 at CES 2012: Where it doesn't get any better than this (podcast)

LAS VEGAS--It's a big day for The 404 as we welcome two big Hollywood names to the CES stage--Eliza Dushku and Wayne Brady drop by for a chat about video games, robots, gadgets, and more!

It's not every day that The 404 is lucky enough to have one big name celebrity guest on the show, much less two in one episode! We've been waiting all week to chat with Eliza Dushku about her official duties as the official Entertainment Matters Ambassador for CES 2012, which sounds like a fun job!

She's been here hosting parties and covering the show all week, so we'll talk to her about the next wave of 3D televisions and her voice acting work in games like Fight Night Champion and WET, but we'd be doing our listeners and nerds everywhere a disservice if we didn't ask her about her involvement in role in Ghostbusters 3!… Read more

How to get the best deal on your purchases with Savvy

There are plenty of ways to watch for the best deal online and in stores, but let's face it, there are just too many places to monitor and often times we end up missing out on the best deals.

Enter Savvy. Savvy is a unique service that will monitor your recent purchases, as well as items you plan on purchasing to ensure you have received the best deal possible.

After you make a purchase, take a picture of the itemized receipt from a supported retailer (the list is long and will continue to grow), and Savvy will add the … Read more

Kodak mulls bankruptcy protection

Logitech tries to reinvent the mouse with the Cube, the next Xbox may have built-in DVR functionality, and venerable Kodak lays plans for bankruptcy protection if it can't sell its patents.

Links from Thursday's episode of Loaded:

Kodak mulls bankruptcy protection DVR coming to Xbox? Apple hunting for iTV content deals Nintendo sells 4 million 3DS units Music sales up for first time in seven years Barnes & Noble may spin off Nook business Logitech's boxy mouse Subscribe:  iTunes (MP3)iTunes (320x180)iTunes (HD)RSS (MP3)RSS (320x180)RSS HD

Xmas Eve brings two-for-one iPhone deal at Best Buy

I've gotta bang this out quick 'cause I've still got some holiday shopping to do. But then, you might too, eh? That's why I'm passing along this little nugget.

Best Buy is offering a two-for-one deal on the iPhone 4. Buy a 32GB iPhone 4 for $199.99 and get another one free. That's right: buy one, get one free--just like, I don't know, a cheeseburger.… Read more

Exclusive one day deal for IObit Malware Fighter - save 83%

IObit Malware Fighter is an advanced malware and spyware removal utility that detects and removes the deepest infections, and protects your PC from various of potential spyware, adware, trojans, keyloggers, bots, worms, and hijackers. It's a tool that works along side with your AV, allowing it to scan and remove any malware your antivirus/ antispyware may have missed.

With the improved, unique "Dual-Core" engine and the heuristic malware detection, IObit Malware Fighter detects the most complex and deepest spyware and malware quickly and efficiently.

Rated 4.5 stars by CNET, we have the the lowest price on … Read more

Save 62% on Corel PaintShop Pro X4 for one day only

Have you been looking for the right photo editing tool and photo management tool, but don't want to pay a hefty price you might find in other products like the Adobe Photoshop? If so, Corel provides an alternative option for those users, who are looking to do semi-serious photo editing without paying the big bucks.

Corel PaintShop Pro X4 gives passionate photographers more to love with hundreds of photo-editing features, a streamlined workspace, new pro-level effects and one-click sharing. Retouch photos faster. Create the perfectly exposed image or achieve a surreal, artistic effect with the HDR module. Remove distractions … Read more

PayPal poses new threat to Groupon

As more and more companies get into the daily-deals game, the bankers behind Groupon's IPO must be banging their heads against the wall. And now, there's one more formidable entrant to give them headaches: PayPal.

The eBay-owned payments company says it is planning on offering deals as soon as the first quarter of 2012. And, according to Bloomberg News, it is taking what could be a smart approach to the ever-popular deal genre: location- and user-habit-based offers.

PayPal has more than 100 million users, and it thinks that it can leverage what it knows about those customers to … Read more

LivingSocial balks at IPO, raising funds instead, report says

Daily-deals provider LivingSocial has decided against an initial public offering for now.

Rather than test the IPO market, LivingSocial's management has decided to raise $400 million in funding, based on a $6 billion valuation. According to a Securities and Exchange Commission filing outlining its plans, LivingSocial has already raised $176 million of the sum.

Bloomberg, which was first to report on the funding yesterday, cited sources who claimed the entire amount will come in the form of both equity and debt.

Back in June, LivingSocial was rumored to be eying a $1 billion IPO, based on a valuation of … Read more

How to resell unwanted Groupon coupons

Those helicopter-pilot lessons probably sounded like a good idea at the time, but now you're thinking you'd rather stay on the ground and put that $50 back in your pocket.

Call it coupon remorse, that feeling you get after buying the daily deal from Groupon, LivingSocial, or any of their countless competitors. Either you no longer want the deal, or you can't take advantage of it for some reason. (The school play is the same night as those Cirque du Soleil tickets? Damn!)

Fortunately, several sites now offer you the chance to get some or all of … Read more