Groupon had the opportunity to sell to Google for $6B (Billion with a B) not too long ago, with Google launching offers do you think they are kicking themselves for not taking it? I know many readers of popular PR/Marketing Blog spinsucks.com thought so when Gini Dietrich wrote “My Groupon Prediction” and got me interested in the subject.
Creeping out of the woodwork it seems Google Offers Beta is now operating in several major metro Markets including NYC, Portland, OR, Oakland/East Bay, San Francisco and reportedly coming soon to Austin, Boston, Denver, Seattle and Washington D.C.
In all likelihood the entry of Google into this space may not indicate the end for Groupon, but how much is enough to satisfy the founders and investors in Groupon?
Really can’t believe Groupon didn’t take the $6bn offer, there’s no way they’re worth that much. Predicting that Google will dominate this marketplace when they get going.
The daily deal market has such a low barrier to entry that anyone can do it. The advantage that Groupon has is they have figured out the local salesforce issue. The advantage that Google has is, now with G+, they’ll be able to use the social network to bring deals to the world. Groupon is in the red, which is bad for the IPO. They should have taken the $6B and RUN!
@ginidietrich Google really has all the right properties to make it work, maps, places, etc. Groupon is in trouble but of course you knew that 🙂
Billion with a B! My oh my.
Joe
@MattieTK shocking wasn’t it? I wonder if you are right about market dominance for Google. One of my friends on Google+ pointed out that the market is going to saturate, I wonder what the market potential actually is. I bet it is massive. Thanks for your comment Mattie.