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re: Groupon: The dumpster fire of tech stocks
Posted on 11/19/12 at 4:41 pm to jso0003
Posted on 11/19/12 at 4:41 pm to jso0003
quote:
Groupon is an interesting business model.... But I look around and see no one ever using it.
Just at a quick glance, it was good while it lasted but it's already been copied and improved upon in my opinion. Aside from services such as Amazon Local and Living Social, you can already get discounts through services such as Foursquare, Yelp, American Express (by linking your card to your Foursquare, Facebook, or Twitter accounts), or restaurant credits from GoPaGo or LevelUp. In the case of the latter services, there is no commitment involved when getting the discount, i.e. you do not have to purchase the discount. Instead it's credited toward your purchase if you decide to ever do business at a given location.
Posted on 11/19/12 at 4:59 pm to OFWHAP
quote:
it was good while it lasted but it's already been copied and improved upon in my opinion.
That was the fatal flaw.
It cost virtually nothing to replicate. All they had was a customer list of stingy people and a brand name.
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