Is Groupon Crazy?
Saturday, December 4, 2010
Mashable is polling readers. They are asking if readers would have taken the money Google offered Groupon for control of its site if they had been the founders.
According to the poll, Groupon's founders denied the $5.3 billion offer Google made to take over the company.
"Basically, the motivation for a big exit is not longer motivated by 'how much money can I get;' it is motivated by 'what is my legacy,'" Baldwin said. "That simple shift makes their rejection of Google's $6 billion offer not that surprising."
I agree with Baldwin. Groupon is a great site that has been attracting users and has made good money.
Groupon made a good choice because:
1) it freed itself from potential harm under Google's control;
2) it brought attention to itself when it said no to Google, which might attract more users;
and, 3) I'm sure if the company ever decided to sell, there would still be an offer on the table.
Share your view on the subject by answering Mashable's poll or commenting on my blog.
Also, check out the video below showing how Groupon works. If you're like me, you will get very excited thinking about the deals Groupon may get for you.
Learn How Groupon Works! from The Point on Vimeo.
2 comments:
This sounds like a brilliant service. I agree that Groupon is a great site and I think it has the potential to stand on its own.
It also seems like a service that would work best independently, and as you mentioned, the offer would most likely still be on the table if Groupon wanted to link up with Google.
I do wonder though, did most readers vote for against taking the money?
I've heard about coupon sites such as Groupon. I think I even wrote a blog about it earlier in the semester. Anyways I agree that Groupon made a smart decision in denying Google's offer. It seems to be doing really well on it's own so why sell now?
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