Maveron

Business
2:01 pm
Thu February 10, 2011

Groupon's coffee buzz: Starbucks' CEO joins board, invests in site

Howard Schultz is joining the board of Groupon, the web 'coupon' site, as well as making a financial investment. The Starbucks CEO is pictured last March in Seattle at the company's annual shareholders meeting.
AP

Howard Schultz announced his investment in the enormously popular consumer-discount site Groupon Thursday. At the same time, Groupon confirmed the Starbucks CEO's election to its board

TechFlash's John Cook reports Schultz' investment "is not connected to Starbucks":

...but having the leader of the world's leading specialty coffee retailer on the board certainly will add some interesting possibilities. Starbucks has been expanding its digital footprint aggressively in recent months, adding features such as mobile payments and free in-store wi-fi.

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