walkman - 8:16 pm on Dec 9, 2010 (gmt 0)
"Groupon is here to stay with an entirely new local based advertising model."
Ummmm....there's the "we will try it one time" but to stay at current rates is a no-no. A $100 service becomes $25 for the merchant as it needs to be at about 50% discount and Groupon gets a cut. That's not sustainable for obvious reasons.
And $6 Google Billion can buy a lot of office and advertising space for a Groupon copycat. Google will probably do that so all deals are offered and dealt online, similar to adwords.