Street Fight Daily: 07.21.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
Groupon Inc’s rapid growth has attracted rivals and regulators, a twin threat to the largest online daily deal company as it gets ready for an initial public offering. (Reuters)…
A former LivingSocial sales guy says the industry is setting itself up for an “implosion and a major shakeout.” (Business Insider)…
Street Fight Daily: 07.05.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
“Instead of telling small businesses to avoid daily deals, how about trying to understand why some small businesses are having success?” writes Vinicius Vacanti. “With that understanding, we could then educate other small businesses on how they might be able to replicate that success themselves.” (TechCrunch)…
“While location advertising may not be new, marketers can now digitally localize their ads,” writes David Staas. “The question is, how do brands win in this new world of location media?” (Mashable)…
Street Fight Daily: 06.28.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
“How can LivingSocial beat a better-funded competitor with more name recognition who has a 22-country head start on them?” asks Sarah Lacy. “Ironically by moving more slowly, throwing around less cash and being smarter with local hires, not pricey consultants and MBAs.” (TechCrunch)…
“You can’t just jump into a crowded local news market with a product that’s about as good as the existing ones,” writes Erik Wemple. “Even marginally better won’t get the job done. It’s got to be so much better that you can eat the lunch of legacy outlets.” (Washington Post)…
Street Fight Daily: 06.27.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
LivingSocial seems to be following Groupon’s lead in acquiring local daily deal sites to serve as a foundation for discount distribution on a global scale. (TechCrunch)…
Could Offers become a massive new revenue stream for Google — the “second huge growth engine” that Google has long searched for in vain? SAI spoke to reps of merchants who have signed on to offer Google Offers in New York, as well as Google’s Eric Rosenblum, the lead engineer on Offers, and Google spokesperson Nate Tyler. (Silicon Alley Insider)…
Street Fight Daily: 06.22.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups...
Daily deal aggregator Yipit just raised $6 million in a series B led by Highland Capital Partners. The company tracks 335 active deal services in 32 cities in North America. (TechCrunch)…
Foursquare has released version 3.2 of its iPhone app. Users will be pleased to find that Foursquare has streamlined the check-in process and improved its “Explore tab,” enabling users to navigate between nearby locations that are recommended as well as trending. (Mashable)…
Street Fight Daily: 06.15.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.…
According to a Rice University study, most businesses don’t feel any loyalty toward a particular daily deal site, and over the next few years daily deal sites will likely “have to settle for lower shares of revenues from businesses compared to their current levels, and it will be harder and more expensive for them to find viable candidates to fill their pipelines of daily deals.” (PaidContent)…
Groupon Inc. Vice Chairman Ted Leonsis’ venture firm is an investor in rival LivingSocial and has ties to its board, a relationship that could pose a conflict, according to corporate-governance experts. (Bloomberg)…
Groupon to Go Public — And Then Where?
The point of the company that eventually became Groupon was initially to inspire group action around a political or social cause. It was called ThePoint.
The point of Groupon… well, that may yet to be determined. The company, which filed an S-1 today with the Securities & Exchange Commission for a $750 million initial public offering, is known as a group-buying firm offering deep discounts on everything from hair removal to horse rides, complete with clever copy in each offer. It has seen a meteoric rise in revenue, earning $644 million in the first quarter of 2011 alone, up from $713.3 million in all of 2010. It has 83 million subscribers across 43 countries. And, as CEO Andrew Mason revealed this week at AllThingsD’s D9 conference, about half of its 8,000 workforce is in sales. Groupon has some serious feet on the streets…
Street Fight Daily: 05.03.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.…
Add another big player to the list of Groupon competitors: AT&T. The telecom giant Monday began pre-registration to consumers in Los Angeles, Atlanta and Dallas-Fort Worth for a service via the company’s yp.com that will send daily deals to consumers. (Mashable)…
New York magazine is about to launch a weekly “deals” e-newsletter and online adjunct, but instead of matching offers play to advertisers, it will aggregate “the best of the best” of other e-commerce sites’ picks. (PaidContent)…
“Location is a serious battleground, and whoever has the best handle on it, both gathering it and using it, is best positioned to reap a lot of money as we build a lot of services based on location,” writes Ryan Kim. (GigaOm)…
Groupon Pulls a Netflix with Groupon Now (and That’s a Good Thing)