Thursday, December 2, 2010
Huge Margins at Groupon
CNBC reports that Groupon, the local advertising firm Google wants to buy, has 60 percent gross margins, keeping half of all the money generated when Groupon users buy merchandise in advertiser stores as part of the group coupon offers.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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