The rapid rise and fall of daily deal Websites

25 November 2013Finance

Rakesh Agrawal, writing for The Washington Post:

Fast forward a few years and many merchants have related their horror stories with running Groupons. The consumers who haven’t unsubscribed from Groupon’s mailing lists just ignore the e-mails. The vast majority of competitors have died off; the largest one, D.C.-based LivingSocial is hanging on for dear life. Groupon stock is trading for less than half of the price you bought it for if you were “lucky” enough to be an insider and get in on the IPO price of $20.

I’ve only purchased one Groupon. It was a two-for-one movie ticket to see The Perks of Being a Wallflower, a show I would have paid full price to see.