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Yes, They Still Exist. I Can See How You'd Forget, Though
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Remember when Groupon was so much the rage that every company wanted in on the coupon craze? (coughSweetJackcough) How over is that now? Groupon has purchased LivingSocial, and the price is so low that it's being described as "immaterial." LivingSocial was once valued at $6 billion when they were out for funding in the early days. And this deal sent Groupon's stock plummeting, because nobody thinks this daily deal thing has any future anymore. When was the last time you bought one? (Bloomberg)
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