Comment on Groupon shares open up 40%parentComments−pbreit14y> Doesn't it concern you that Groupon works best for services that no one needs?Even if that were the case, not in the slightest. Massive businesses are built on items that you or someone do not perceive to be needed.But Groupon also works in austere times both because people are looking for deals and businesses are looking for inexpensive or free marketing.−alttab14yA large portion of the US economy is based on consumerism, of which many would agree is completely unnecessary−sunchild14y50% of proceeds is not cheap for businesses. Discounts off MSRP is often not a bargain for consumers.
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> Doesn't it concern you that Groupon works best for services that no one needs?
Even if that were the case, not in the slightest. Massive businesses are built on items that you or someone do not perceive to be needed.
But Groupon also works in austere times both because people are looking for deals and businesses are looking for inexpensive or free marketing.
A large portion of the US economy is based on consumerism, of which many would agree is completely unnecessary
50% of proceeds is not cheap for businesses. Discounts off MSRP is often not a bargain for consumers.