Groupon is starting to remind me of Netflix, which has had to survive a few bouts of deep skepticism in the past about a business model that could not survive. Likewise, Groupon has been "left for dead" by many observers. Like Netflix, it defies skeptics.
In its second quarter of 2013, Groupon "significantly exceeded our operating income expectations, and delivered our strongest quarter ever in North America, due in part to accelerated billings growth of 30 percent," said Eric Lefkofsky, CEO of Groupon.
In June 2013, nearly 50 percent of Groupon North American transactions were completed on mobile
devices, compared with about 30 percent in June 2012, Groupon says.
More than 50 million people have now
downloaded Groupon mobile apps worldwide, with more than 7.5 million people downloading
them in the second quarter alone.
Friday, August 9, 2013
Groupon Another "Netflix?"
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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