Wednesday, April 20, 2011

eBay Gets Into "Deal of the Day" Business'

eBay has purchased Where.com, which creates apps for listing merchants, restaurants, and bars while serving deals for such establishments based on user location. The deal gives eBay four million active users looking for deals from about 120,000 retailers.

Incorporating eBay's popular digital payment product, PayPal, could help the eBay-Where.com union compete against an emerging list of location-based daily deals players.

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On the Use and Misuse of Principles, Theorems and Concepts

When financial commentators compile lists of "potential black swans," they misunderstand the concept. As explained by Taleb Nasim ...