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Tech Jobs. See all jobs. The high cost of autism. Live texting your surgery. Live in a glass-walled home. Millennials squeezed out of buying a home. Now it's trying to grow again — and possibly attract a buyer.

Groupon reported earnings and its plan to acquire one-time rival LivingSocial last week, and its shares took a nosedive.

As usual, observers were quick to poke fun at what was once the fastest company to reach a billion-dollar valuation. But Turner said the criticism may not be entirely deserved. He compared Groupon's reception to that of Yelp — a company he once believed could acquire Groupon — in that it went big, tanked and is now on an upswing.

He believes that neither Yelp nor Alibaba, the Chinese e-commerce giant whose stake in Groupon earlier this year inspired buyout speculation, are likely to acquire Groupon. Williams hopes more marketing and a better experience for consumers, including an upcoming refresh of Groupon's mobile app, will get people to shop there every day. The company is trying to shed the association with daily deals, its early hallmark.

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