JSE-listed media company Avusa has decided to close its group-buying business Zappon. It believes the deal-a-day group-buying model, pioneered by the US’s Groupon, is flawed but hasn’t ruled out relaunching a reworked model of the service in future. Groupon enjoyed early success with the
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The only consistent thing about the Internet is its ability to surprise us by changing virtually over night. It’s a Darwinian market that crushes the weak and elevates the strong within months rather than years. That makes investing in online businesses a roller coaster ride
Andrew Mason is the young, fresh-faced founder of Groupon, the fastest growing start-up in history. Fresh-faced youngsters running tech start-ups are hardly a rare breed in Silicon Valley, but Mason is a native of Pittsburgh and Groupon is based in Chicago, both a far cry
When does a market go from being a “growth sector” to a bubble? As with falling in love, it’s hard to put an exact date on the event. And, just like a love affair, a bubble is marked by growing excitement, lavish spending
Fast-growing international deal-of-the-day website Groupon has acquired SA e-commerce provider Twangoo. The value of the transaction has not been disclosed
When Google offers to buy your two-year-old website for as much as US$6bn, you’d have to be crazy to refuse, right? But that’s what Groupon did. A surge of rumours last week had Google opening its offer