News for hackers. Stuff that matters.

A comment on BuyWithMe Lays off More Than Half of its Employees.

Re:BuyWithMe Lays off More Than Half of its Employees by oacgnol on Thursday October 20, 2011 @12:03AM (#3133397)
It just doesn't seem like there's any room in the market for Groupon and all of the me-too startups. The business model for most of these companies don't seem to add up in the long run either.
[ Parent | on HN ]
Re:BuyWithMe Lays off More Than Half of its Employees by wiradikusuma on Thursday October 20, 2011 @01:04AM (#3133530)
i'm curious, how is it that this business model not sustainable? isn't that being "broker" is always profitable? basically they're just middlemen between merchant and customers right?
[ Parent | on HN ]
Re:BuyWithMe Lays off More Than Half of its Employees by agotterer on Thursday October 20, 2011 @01:23AM (#3133569)
Not if you raise $21M, acquire 6 companies and have over 100 employees.
[ Parent | on HN ]