Street Fight Daily: 11.08.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
Daily-Deal Sites Face Problems Ahead, Report Says (Wall Street Journal)
Forrester Research e-commerce analyst Sucharita Mulpuru says in report that the deal sites face challenges that threaten to slow down, if not end their businesses…
Starbucks Taps China’s Foursquare for Holiday Check-in Campaign (Ad Age)
While Foursquare slowly experiments with near-field communication technologies here in the U.S., one of its Chinese lookalikes is rolling out a massive NFC-powered campaign in Eastern China…
Street Fight Daily: 11.07.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups…
Combined Urban Airship + Simple Geo Take $15 Million in Funding (Uncrunched)
It looks like Simple Geo may have made a solid bet after all. Last week the company was acquired by Urban Airship in an all stock transaction that was actually part of a much larger financing: Urban Airship’s Series C round of funding…
Kevin Rose’s Oink: Stop Rating Places – Rate the Stuff Inside Them Instead (SiliconFilter)
The big difference between Oink and Foursquare or Yelp is that Oink doesn’t focus on places so much as on the things inside them. Instead of rating a local restaurant, for example, you would rate the pizza you had there…
Street Fight Daily: 11.04.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
The Deal Is On! Groupon Gets $700 Million IPO (PaidContent)
Groupon this week has confirmed itself as the biggest daily deals site of them all, not just in terms of users but value, as it raised $700 million in its IPO — the biggest in tech since Google — valuing the company at around $12.8 billion…
Yahoo Livestand and Local News Aggregation (Nieman Lab)
Ken Doctor: Local should be a green field for the tablet news aggregators. While the big national and global news sites have established powerful app platforms, most local news publishers are way behind the curve, and falling farther behind every day…
Street Fight Daily: 11.03.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
AOL’s Armstrong Talks Patch Strategy in Q3 Earnings Call (PaidContent)
“When you talk to major auto makers, half goes into local and regional,” Armstrong said, saying that AOL will also be aiming more heavily at local retailers as the company works to make Patch profitable. Armstrong didn’t provide any clearer sense, however, when Patch would be evenly profitable, as opposed to the expectation that some parts of the network will do more than break even by the end of the year…
Groupon’s IPO Is Coming — But How Much Is It Really Worth? (GigaOm)
Colleen Taylor: It’s been a long and winding road, but Groupon is set to hold its initial public offering on the stock market any day now, with several reports saying the IPO will take place by week’s end. It will be interesting to see just how high Groupon goes once it actually hits the public market…
Street Fight Daily: 11.01.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
Urban Airship’s Partnership With SimpleGeo Turns Into An Acquisition (TechCrunch)
SimpleGeo has been acquired by Urban Airship for approximately $3.5 million. In July, the two companies formed a strategic partnership which was intended to provide better ways for developers to offer location-aware push notifications in their applications…
Groupon’s Product Expansion Masks Decline in Core Local Deals Business (Yipit Blog)
Groupon grew 8% in North American from Q2 to Q3 because of the new products it launched, but its core local deals business actually dropped 3%…
#SFS11 VIDEO: Yipit’s Vacanti on Why Groupon’s Bubble Has Burst
At last week’s Street Fight Summit in New York, Yipit co-founder Vinicius Vacanti said that it was clear that Groupon’s valuation bubble has burst, but the daily deals industry and the big players in it are alive and well. In this full-length video of his keynote, he describes some of the dynamics affecting the deals companies, and suggests where the industry may be headed…
Could Siri Make Hyperlocal Hypervocal?
The audible realm in my mind is a better communications medium for brain processing than the symbolic realm — which is The domain of text-based or even much video advertising. Only the very best ads cross over into true pattern recognition where our minds shine. Sounds, however, are something we are far better wired for than words. Which is why Pandora has done extremely well with its advertising response rates as compared to other forms of online media.
Street Fight Daily: 10.28.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
Google is collaborating with discount luxury network Gilt City as it looks to expand its Google Offers deals service. The partnership comes as the search giant has been adding a number of new coupon features and retailers to its mobile payments product, Google Wallet. (PaidContent)…
The Guardian is testing a new hyperlocal service called “n0tice,” which is an attempt to create a publishing platform based on location — and it uses the metaphor of a community noticeboard to get there. (GigaOm)…
Street Fight Daily: 10.27.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
“Deals don’t mean dollars. That was a point of consensus at the inaugural Street Fight Summit,” writes Jeremy Caplan. “A key question threaded throughout the conference was how best to turn local consumers into reliable revenue streams. The most valuable insights for independent publishers in attendance centered around new opportunities for better serving local businesses.” (Poynter)…
When hyperlocal news sites can’t compete on CPMs, where else can they find revenue? The St. Louis Beacon, a nonprofit online publication for regional news, sought to tie revenue strategies to its mission, business manager Shawn McGinness said. (PaidContent)…
Yipit’s Vacanti: Groupon’s Bubble Has Burst
Has the bubble burst in the daily deals industry? Vinicius Vacanti, co-founder of Yipit, addressed this question while kicking off the second day of the Street Fight Summit in New York today. The Groupon valuation bubble might have burst, but the daily deals industry and the big players in it are alive and well, he said. Businesses are […]
Street Fight Daily: 10.26.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
Hyperlocal news sites regard Groupon and other daily deal services with a mixture of love (for flooding their coffers with ad dollars) and dread (for competing with their own deal offerings). Merchants ought to feel the same way, said Gary Cowan, senior vice president of product and marketing for Datasphere. (Forbes)… Foursquare is poised to relaunch Add to Foursquare under the new name Save to Foursquare in the next month. (GigaOm)…
Street Fight Daily: 10.25.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
Hyperlocal task/errand site Zaarly has announced that it raised $14.1 million in financing, and that the company is gaining Meg Whitman as a board member. The site works by letting people post requests for an item or service, and then lets other people, businesses and companies bid to fulfill those needs. (New York Times/Bits)…
Stocks columnist Herb Greenberg looks at Groupon’s numbers, determining that the company is “technically insolvent.” (CNBC)…
Street Fight Daily: 10.24.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups…
Groupon Now! generated just $1 million of gross billings in September, despite being available in 25 markets — only $40k per market. In other words, the product that Groupon is telling investors to view as the future of the company, still represents less than 1% of Groupon’s total gross billings in North America. (Yipit Blog)…
Group buying sites in China are reaching 42 million customers according to figures released by The China Internet Network Information Center (CNNIC). The figure represents an increase of 125% on the previous the year’s business, with the country’s group buying industry now estimated to reach 8.7% of China’s Internet users. (The Next Web)…
Street Fight Daily: 10.20.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
Groupon is seeking to sell shares in an offering that would value the company at close to $12 billion. The valuation is a steep comedown from earlier expectations that an I.P.O. of the Internet darling could value the company as much as $25 billion to $30 billion. (New York Times/Dealbook)…
Ownlocal has announcing a new round of investment from a string of investors including the Knight Enterprise Fund, Automattic, the makers of WordPress, and a number of prominent angels. The company creates web services for small businesses through partnerships with local media outlets and other organizations. (GigaOm)…
Street Fight Daily: 10.19.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
Daily deals are coming to the radio. Clear Channel, the media giant that owns 850 stations, has made an exclusive deal with LivingSocial to offer its discount offerings on 500 of its stations, the companies announced on Tuesday. (New York Times/Media Decoder)…
Foursquare CEO Dennis Crowley expects the company to remain independent for another year, but admits he’s open to an acquisition: “The only thing we want to do is build a product,” Crowley said. “If we do it independently that’s great, if we do it as part of a company that’s another story.” (Business Insider)…
Street Fight Daily: 10.18.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
New York state tax administrators have concluded merchants should collect sales tax on the full face value of items purchased with vouchers from Groupon, LivingSocial and other Internet discount deal sites —if the vouchers are for a specific dollar amount. (Forbes)…
New York City’s Gothamist is thriving with an average 2 million unique visitors each month reading its eclectic brand of voice-forward reporting and aggregation geared to the young and well-heeled. Its success has allowed it to spin off sister sites across the country and around the globe. (NetNewsCheck)…
How Dating’s Personalized, Localized Future is Good for Groupon
Groupon’s long awaited IPO was wildly oversubscribed, according to AllThingsD – by a factor of $10. The stock priced initially at $20 per share, well over the target pricing of $16 to $18. Considering all the bad press Groupon has endured and slings and arrows from wary small businesspeople and grumpy old CPAscalling for an […]