Re:Groupon files for IPO
by jonknee on Thursday June 02, 2011 @03:28PM
(#2613537)
Losing a lot of money by emailing half-off coupons isn't going to end up bigger than Google.
[ Parent
| on HN ]
Google drives billions in revenue to online businesses.
Groupon drives billions in revenue to local businesses.
There are important differences, and Groupon may fail, but their fundamental market opportunity is easily as big as Google's.
Google also drives billions in revenue to local businesses. I spend more locally through Google and even Yelp than Groupon. Humorously, to drive growth Groupon has been sending bucket loads of cash to Google.