Is Groupon the Leader of the Next Bubble?
18 months ago, Groupon didn’t exist. Today, it has over 70 million users in 500-odd different markets, is making more than a billion dollars a year, has dozens if not hundreds of copycat rivals, and is said to be worth as much as $25 billion. What’s going on here?
There’s obviously something clever and innovative behind Groupon — but what is it? Given that customers with Groupons are saving lots of money on goods and services, how can this possibly be good for merchants? Is there a catch somewhere? Is TPG’s David Bonderman right when he says that “Groupon doesn’t do anything that four of us with a phone couldn’t do?” Or is there actually something very special about the company? Story at Wired.com.
- Groupon, Living Social, KBG saves your vacation (londonsnobonabudget.wordpress.com)
- Save Money and Roll Your Own Groupon-style Offer (blogs.constantcontact.com)
- AT&T Launching Its Own Groupon Rival (slashgear.com)