The problem is that they're not just fleeing GroupOn. Together with Facebook and Zynga, GroupOn is one of a number of touted start-ups who seem to be damaging the whole sector by their performance.
That suggests Groupon went public too early, and badly managed expectations. The plan was always to use the consumer lists, knowledge, and relationships they'd built with deal-of-the-day into a sustainable business model. They needed to have that done before they went public.
True, but another thing was that GroupOn insisted on going public. That exposed them to the downside of their model a lot sooner and more severely than might otherwise have happened.
Going public is no joke; it's an entirely new life for any firm. GroupOn did not demonstrate a solid sense of what it meant during the quiet period, IMO.
Groupon's problem is that its business model was broken for its customers. Businesses who offered Groupons weren't finding that it built repeat customers. Consumers would come to a business, try it, and never come back. They weren't customers of the business, they were Groupon customers.
Actually, I think it is time. The exit of these high-profile investors isn't good news, and I am not sure GroupOn has the momentum to sustain itself without that kind of support. The market is emotional; important investors exiting will discourage others. GroupOn chose this route in going public; perhaps it wasn't the wisest choice?
A new deals Website, Bevvy helps you obtain your nightclub benefits discreetly by using a secret password. (Shhhh… don't tell Bevvy, but Kim thinks this is pretty dumb.)
ICANN's plan to create new top-level domains doesn't do the Internet user community any good. Instead, it puts companies at risk of having trademark names held hostage, and it lines ICANN's pockets. Guess what the motivation is here!
The whole Amazon.reader debate is a double-stupid. It's stupid to think that there's any e-book buyer who doesn't know Amazon's URL, and it was stupider to let ICANN launch the whole free-form TLD initiative to start with.
Edmunds separates customers into segments based on the info it collects on its site and from partners, and uses that to push out custom content, said Brian Baron, director of business analytics for Edmunds.com, at Predictive Analytics Innovation Summit.
The automotive website uses propensity modeling to target ads and customer registration forms, said Brian Baron, director of business analytics for Edmunds.com, at Predictive Analytics Innovation Summit.
The automotive website uses propensity modeling of customer behavior to convert more site visitors into leads, says Brian Baron, director of business analytics, in an interview at the Predictive Analytics Innovation Summit.
Companies need to take advantage of new technologies to simplify interfaces, improve capabilities, and enhance back-office processes. But they can't upgrade their Websites too often.
Marissa Mayer at Yahoo has come out with her strategy on turning the company around: culture, company, calibration, and compensation. But Yahoo needs to have a technical approach to the mobile cloud opportunity, not a management theory lesson.
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M2M: Rise of the Machines? Not Yet David Weldon In the 1970 science fiction thriller Colossus: The Forbin Project, two giant supercomputers from the United States and Soviet Union secretly join forces to take control of the collective nuclear might of the two countries. In the film, the two machines discover each other's existence, communicate back-and-forth, share their collective data, and cut their human creators out of the process. It is the ultimate example of machine-to-machine communications, or M2M. CLICK FOR MORE
M2M: Rise of the Machines? Not Yet David Weldon In the 1970 science fiction thriller Colossus: The Forbin Project, two giant supercomputers from the United States and Soviet Union secretly join forces to take control of the collective nuclear might of the two countries. In the film, the two machines discover each other's existence, communicate back-and-forth, share their collective data, and cut their human creators out of the process. It is the ultimate example of machine-to-machine communications, or M2M. CLICK FOR MORE
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