Deal With It
Apparently the one demographic daily deals giant Groupon felt it was sorely lacking was children, because kids possess so much purchasing power and all. Do you know how much kids are netting in allowance these days? Like, $20 a week at least. So Groupon decided to create a “Kidz Club” for these middle school high rollers, complete with a questionable cast of characters. The whole thing is so absurd that it’s pretty obvious that Groupon is in on the joke.
On the Groupon blog, they explained the club thusly: “At Groupon, we love kids. In fact, we love them so much that we wanted to give them a cool ‘zone’ on the ‘Net where they can hang out with brand new ‘cyber-frenz’!” We sense that someone’s tongue is firmly planted in-cheek. Read More
Ryan Sutton, food critic for Bloomberg News, can now add crusader to his resume. While the rest of us sit idly by, watching our inboxes fill up with offers to suspicious-sounding restaurants no one’s ever heard of and spas where we wouldn’t dare disrobe, Mr. Sutton is doing something about it.
Two months ago, he launched a Tumblr called The Bad Deal devoted to “highlighting BAD DEALS on Groupon, Gilt, Living Social, Savored and elsewhere,” in the hopes of saving consumers from “wasting their disposable income on crummy offers that are never redeemed.”
Exposing poor bangs for one’s buck is such a passion project for Mr. Sutton, that when Eater requested an interview about why he launched the site, he insisted on manning both the question and answer portion of the Q&A. We have to say, he really asked himself all the right questions. Read More
Daily deal aggregator Yipit just raised a $6 million B round led by Highland Capital partners with participation from previous backers RRE, DFJ Gotham and IA Ventures.
“We are hoping to expand in three ways,” says co-founder Vinicius Vicanti. “One is on the data side, where we will be analyzing and packing all the Read More
The following is an in-depth analysis of Groupon’s business in one of its oldest markets, Boston, by the folks at daily deal aggregator Yipit.
The entire piece is worth reading, but for the TL;DR crowd, here is the breakdown. Groupon’s costs to acquire customers is skyrocketing, while its revenue per customer is plummeting. Along with shrinking margins and a lower number of Groupon’s sold per deal, Yipit sees serious warning signs in the company’s financials. Read More
It arrives with the inevitably of a late afternoon trip to the coffee machine. Another company has decided to begin offering daily discounts, via email if you’re interested. Read More
Local daily deal site BuyWithMe will now offer discounts in Chicago, home to the industries biggest player, Groupon.
With the addition of DealADayOnline (DADO), BuyWithMe will now offer deals in thirteen US cities.
The company has raised a healthy $21.5 million, but other players are scaling much quicker, with Groupon raising nearly a billion Read More
It really seems like the search giant is incapable of staying out of competition with any of the big players on the web. Today Google rolled out Offers, a new program that will let local merchants offer discounts and compete directly with companies like Living Social and Groupon, which recently rebuffed a massive multi-billion Read More
As Vinicius Vacanti, co-founder of daily deal aggregator Yipit pointed out, the New York Times ran three separate stories today on the explosion of companies in this industry.
In a piece for the Dining section, restaurant owners express their shock and awe at the number of deal sites, groupon clones and coupon brokers Read More