Groupon Observation
Posted in Business Practices, digital media, print media on December 6th, 2010 by Joe Polanco – Be the first to commentLast week Google was attempting to purchase Groupon for about $5-6 Billion (Groupon since then has decided to stay independent). Groupon is a company that is only two years old and carving out new ways to offer local advertising and promotion services. The purchase price for this fledgling company was a number that FAR exceeds the annual profits for the entire printing industry. Although one has to question whether this could be a good use of funds for Google, or that Andrew Mason, Groupon’s founder, was a fool for not taking the money, we can not ignore the fact that there are new players in the world which was historically dominated by print producers. read more »