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Thursday, November 3, 2011

Can LivingSocial Catch Up To Groupon?

Can LivingSocial Catch Up To Groupon?: "written before that the daily deals industry, with low barriers to entry but high barriers to scale, seems to have "Glengarry Economics", from the famous line in the movie Glengarry Glen Ross: "First prize is a Cadillac, second prize is a set of steak knives, third prize is you're fired."
So far, it looks like Groupon is going to win the Cadillac, and LivingSocial the steak knives: according to industry-data firm Yipit, it outperforms all competitors in all the top 30 US markets (see the great chart below)."

'via Blog this'

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