Posts Tagged ‘Yipit’

Guest Post: The Future of Daily Deals

July 15th, 2011 : posted in Commentary by B Marsh

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There’s no doubt that Daily Deals are here to stay, with daily deal providers sprouting up all over the place on an almost daily (pardon the pun) basis, so I thought I’d take the time to reflect on where we came from, where we’re at now & what the future might hold.

Where we came from…

In my opinion, it all started around 2004 with a popular website in the US called Woot!

Woot! provided one deal a day, everyday. The deal was almost always a product that would be delivered to you: no restaurants, no sky diving, just a [...]

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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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