MediaBank bought Adbuyer. MediaBank is run by the same dude(s) - Mason and Co that own/run GroupOn.
Groupon should have taken that 6 billion
- Thread starter andyjean17
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MediaBank bought Adbuyer. MediaBank is run by the same dude(s) - Mason and Co that own/run GroupOn.
My bad dude, I thought you were being sarcastic, kinda hard to tell on WF sometimes :anon.sml:
When Facebook started everyone thought it was a piece of shit now you're backing it? Groupon is making a shit load of money, has smart people and can diversify just like Facebook did. Don't forget, Groupon owns the group buying patent and can pull it out and end everyone in that business if they wanted to. Once an IPO is filed, I'm sure they will.
Is this like when facebook places was supposed to kill foursquare? Or when facebook's status updates were supposed to kill twitter? Or when facebook email was supposed to kill gmail?
Truth is, the only site they've ever copied successfully is myspace. Facebook continuously fails at anything related to making money for themselves. They're not a profitable company. And no, selling a bunch of shares every year to people with too much money does not = profitable company.
Cakestradamus predicts: groupon keeps winning. facebook deals forgotten about by q3.
Truth is, the only site they've ever copied successfully is myspace. Facebook continuously fails at anything related to making money for themselves. They're not a profitable company. And no, selling a bunch of shares every year to people with too much money does not = profitable company.
Cakestradamus predicts: groupon keeps winning. facebook deals forgotten about by q3.
Well, while I agree a lot of its new ideas FAIL badly, they are making a lot of money with their Facebook Adds system, from all you affliate marketers
I am not sure why you said that, in my opinion, facebook already beat foursquare in check ins.
All I am seeing now are facebook checkins, I barely see foursquare checkins anymore. I think the best part about facebook checkin is that you can tag friends with you and almost everyone has a facebook account, but that's not the case with foursquare.
As far as the deal thing. I can see this being successful because for groupon, livingsocial, eversave or any group buy related site, it is just so much bullshit on the merchant end.
First of all, they want you to offer your product/service for half price & free shipping.
Then they take 50% from the sale price.
Basically a $60 product, you will only get about $12 in revenue on your end.
On top of that, you are not allowed to work with another group buy service within 6 month.
For unique services, it is worth it, b/c you can get return customer.
For unique product that has high margin, supplement/cosmetic, yeah, you can get repeat customer while still making small profit.
For other physical goods, no margin to even do it
For restaurants <-- this is tricky, sometimes they get repeat customers, but in a city where there is a LOT of food services, what people typically do is they monitor groupon deals to try new restaurants and they almost never go back. If I can get a japanese sushi for $10 on groupon, then next time I go back, I have to spend $20? Fuck that, I'll just wait for the next japanese restaurant groupon deal. <--lots of people do this.
Now back to facebook deals. If they can offer the same discount deals to users/customers while make it more profitable and doable for merchants. I can see merchants starting to migrate and groupon losing their share.
^ purely my opinion from both groupon user and merchant stand point.
It's a great move for Facebook to get into the deals niche. Groupon won't be able to compete simply because of:
- Facebook has larger market in usage
- (Major Advantage) Not only that, Facebook has better statistics in understanding the market. They know what their users like so the deals campaigns will be a lot more targeted resulting in higher conversions and ROIs. Ideal for both advertisers, publishers, and users.
- Facebook has larger market in usage
- (Major Advantage) Not only that, Facebook has better statistics in understanding the market. They know what their users like so the deals campaigns will be a lot more targeted resulting in higher conversions and ROIs. Ideal for both advertisers, publishers, and users.
Sorry bro's but you don't see the big picture or understand that Groupon is able to spam the shit out of their users (who are mostly all older people with money) get in the inbox multiple times a day. Get users to share that shit with their friends and have them patiently waiting for more crap. That is worth more than 6 billion when you think about how many people with $$$ that they can reach and impact multiple times a day. If you said sell for 6 bills you would be jumping off the bridge years later when you realized what kind of loot google would be making with that purchase.
Seems to me that your quote perfectly describes Facebook.....
Also WHO THE F jumps off a bridge after getting 6 billion dollars?
Yeah its true. It does sound a lot like Facebook and I got the bridge jumping thing from the Social Network Movie Ray Raymond reference . A lot of people laughed at Zuckerburg when he turned down $1 Billion from Yahoo.
There is no proof that facebook deals is going to kill Groupon or even be successful at that kind of business. Facebook and Google are not invincible and they try shit constantly that ends up failing. Groupon has proven that their business model does work.
Do you really think any one person would have gotten $6 billion? A big chunk of that is going to the federal government. A lot of it will get divided up, and after all the coke and stripper parties are over where does it leave you?
Uh, even if he pre-paid for 30 years of the hypothetical "coke and hookers", for Andrew Mason a sale would still leave him with a billion left over. lol
Hopefully the IPO works out as planned. The valuation may put much more in his pocket. The need to do it fast though.
Hopefully the IPO works out as planned. The valuation may put much more in his pocket. The need to do it fast though.
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I doubt their not invest in other projects as well. You don't get big for no reason.
There was no barrier to entry, and with Google/Facebook's superior user base, and dev team you knew it was only a matter of time.
Next time Mason, next time you'll learn. Or maybe you'll just keep cracking jokes in interviews and not realize when you are too fucking stupid for your own good.
Next time Mason, next time you'll learn. Or maybe you'll just keep cracking jokes in interviews and not realize when you are too fucking stupid for your own good.
Funny thing is that there is only ONE founder...
A majority of 6 billion going to one person.... Woah
A majority of 6 billion going to one person.... Woah
This. Whenever popular sites try to expand into other markets they usually fail miserably because they just aren't branded for it. Who the hell associates Facebook with couponing? The masses already know what Facebook is. It would take huge amounts of money plus timing and a sprinkling of luck for it to become the "Facebook" of any other market. Perception is everything.
I don't really give a shit about Groupon, either, and I never use it, but I sure as hell know what it is. And if I was looking to save some money on a back rub at the local spa or some shit, I would go there first.
