The pundits have been critical, and the competitors have been multiplying in number, but Groupon is still sitting atop the pile in the daily deals space. For consumers, the service is attractive for the simple fact that they don’t have to pay to use it, and can actually save money on the things they want to buy by taking the company up on its deals.
The wolves in the business world are always on the hunt for blood, while the foxes in journalism are always pointing out where open wounds may potentially be. Such is the case with Daily Deals and particularly with Groupon, a company that defines the industry. Today, that definition is not good, and it’s only mostly their fault.
Wall Street is not infallible as we’ve so clearly learned over the past four years. Bad decisions yield worse decisions and the dominoes tumble. With that said, news from Kara Swisher at AllThingsD about raising the first half of their funding goals is all I need to know to believe that GroupOn is here to stay.
“Groupon has raised half of a $950 million funding, getting $475 million from a range of top-drawer investors, said sources close to the situation.”
To be honest, I probably had my mind made up already and this is just icing on the cake.