The Locust Economy
Groupon disasters, the behaviors of the consumer swarm, and how the “1% and the 90% [are] collaborating to prey on the 9% in the middle.”
Groupon disasters, the behaviors of the consumer swarm, and how the “1% and the 90% [are] collaborating to prey on the 9% in the middle.”
Venkatesh Rao Ribbonfarm Apr 2013 15min Permalink
The daily deals company turned down a $6 billion offer from Google and went public. Now its stock is down 80% and its founder/CEO has been fired. On Groupon’s failed strategy and tenuous future.
Ben Popper The Verge Mar 2013 15min Permalink