Hey, Groupon, Way To Ignore Your Biggest Competitor In Your IPO Pitch: "aling with a straightforward management team, which reduces the risk that they'll get screwed down the line.
Since the dawn of the "daily deals" industry three years ago, Groupon has been No. 1 in the business and a Washington-based company called LivingSocial has been number No. 2.
Over the past year, moreover, in the US market, LivingSocial has closed the gap with Groupon, in part by partnering with Amazon and in part by rolling out some innovative new products--both developments that the Groupon folks (and Groupon investors) can't be happy about."
'via Blog this'
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