Posts Tagged ‘Groupon’

Stardeals becomes Groupon after domain settlement

August 11th, 2011 : posted in News by M Bryant

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Groupon.com.au Some weeks after reaching a settlement over the Groupon.com.au domain, Stardeals has relaunched on the domain under the confusing banner “Stardeals Groupon Australia“.

You’ve probably heard the Stardeals / Groupon story by now? Two opportunistic Australian brothers snatched up Groupon.com.au as well as the Australian Groupon trademark just months before Groupon began to move into the Australian market.

The brothers, Gabby and Hezi Leibovich, are behind Scoopon and Catch of the Day.

Groupon initially offered them $286,000 for the domain, which they accepted – though they later reneged on [...]

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Scoopon lays claim over the word “scoop”

July 7th, 2011 : posted in News by M Bryant

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BellabuyNiche group buying site Beautyscoop were forced to change their name to Bellabuy after Scoopon accused the startup of trademark infringement for using the word ‘scoop‘.

The co-founders of Bellabuy are two work-from-home mums who say they couldn’t afford to make an objection to Scoopon’s claims.

“We were told by our lawyer to get rid of the name. Scoopon eventually agreed to a 30-day period in which we had to completely rebrand our website and redo all our promotional material,” said one of the founders, who remained anonymous.

The founders estimated [...]

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Should you run a daily deal for your business?

July 6th, 2011 : posted in Commentary by M Bryant

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Should I run a daily deal?Daily deals are certainly a hot topic at the moment, particularly since the announced IPOs of both Groupon and Livingsocial.

There’s a lot of press about daily deals not being a fruitful or sustainable strategy for merchants, though mostly it’s very one-sided and ignorant of a very basic rule in marketing: not every channel suits every merchant.

Does it suit your business?

Before preparing a deal and negotiating terms with an operator, you need to ask yourself this question. Many businesses just aren’t suited to daily [...]

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Innovation in the group buying industry

June 29th, 2011 : posted in Commentary by M Bryant

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It seems everyone has an opinion on where group buying is headed next, as with every emerging market; and perhaps moreso online when trends can be even more short-lived or transform overnight.

No one can doubt that group buying is going to change. If you take heed of anything published by Groupon’s scorned enemy, Rocky Agrawal, you’d believe that the industry might actually topple, rather than transform. The latest article describes the potential for fraud, yet fails to offer an example. Isn’t there potential for fraud, and also concrete examples of fraud, in almost any industry?

Anyway, we’re [...]

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Coupons.com raises $200 million

June 9th, 2011 : posted in News by M Bryant

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coupons.comCalifornia-based Coupons.com announced yesterday that they have raised $200 million in funding from institutional investors, including several mutual funds.

The investment is said to value the company at around $1 billion. Techcrunch reported that sources close to Coupons.com said the valuation is based on an expected $100 million in revenues this year – twice their 2010 revenue. It’s possible that the company is considering an IPO.

“This investment will help fuel our growth, as we continue to revolutionize the multibillion-dollar coupons industry that, for decades, has relied predominately on [...]

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Groupon ‘wildly profitable’, says founder

June 8th, 2011 : posted in News by C Steele

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Days after daily deals site Groupon announced a $750million initial public offering, founder and largest shareholder Eric Lefkofsky announced that the daily deals site, despite currently running at a massive loss, was going to be “wildly profitable”.

The company had issued an internal memo earlier this month, according to Bloomberg, that request employees to ‘keep quiet’ about the IPO.

After these remarks Groupon may be forced to make a new prospectus and fillings before it issues any shares to the public.

The US Securities Commission limits what companies who are planning initial public offerings can say about their future prospects. [...]

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Group buying industry responds to Groupon concerns

June 6th, 2011 : posted in News by M Bryant

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Groupon IPOThere have been numerous concerns and questions about the sustainability of Groupon since the company released an IPO valuing themselves at around $20 billion. Moreso, the group buying model itself, pioneered by Groupon, has been re-examined for its long term validity.

The IPO revealed that Groupon lost $US413m in 2010 after aggressive customer acquisitions.

Local group buying sites responded yesterday maintaining that they are profitable, despite the huge losses of Groupon in the US.

Catch of the Day revealed that their site Scoopon is showing profits, while Deals.com.au founder Adam Schwab [...]

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Are daily deals a raw deal for businesses?

June 4th, 2011 : posted in Commentary by M Bryant

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Daily deals continue to be the top news item across the web, but the last week has seen some negative press about daily deals – mainly what they mean for businesses.

Today Techcrunch got in the act with a guest post by Rocky Agrawal that asked whether the Groupon model is sustainable for daily deals sites themselves, as well as small businesses.

Agrawal’s main point is that businesses aren’t really acquiring new customers, as they are told by the daily deal operators. He argues that many that take up an offer are a company’s existing customers and [...]

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More daily deals acquisitions

June 3rd, 2011 : posted in Industry by M Bryant

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Tippr USLivingsocial have acquired a french daily deals site, while Tippr has purchased DealPop in another round of acquisitions this week.

French deals site Dealissime was bought out by Livingsocial on Wednesday, widening the company’s worldwide reach to a total of 13 countries.

The site launched a year ago and is live in three French cities, including Paris, Lyon and Marseille.

“The team at Dealissime shares our drive to change the face of local commerce by working directly with merchants to craft handpicked deals that entice, surprise and delight our members. [...]

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Stardeals launches in Perth

June 2nd, 2011 : posted in News by M Bryant

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Stardeals, the Australian expansion of daily deals giant Groupon, launched their service in Perth this week.

The group buying site launched in Sydney in February this year, and soon moved into Brisbane and Melbourne. The site also offers national deals.

“Perth is a very vibrant cosmopolitan city with a lot of great businesses that we’re keen to partner with in order to offer consumers in Perth the very best deals,” says Stardeals managing director, Patrick Schmidt.

The group have been slower on expansion downunder than many of the other local sites: Spreets, for example, now servicing over a dozen Australian [...]

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