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Does the Groupon model lead tourism businesses racing to the bottom?

01/18/2011| 9:44:51 AM| 中文

In a recent announcement by Groupon, after raising almost a $1 billion in funding, CEO Andrew Mason said “we will continue on our mission to change the way people shop locally and serve the world’s local businesses”.

In a recent announcement by Groupon, after raising almost a $1 billion in funding, CEO Andrew Mason said “we will continue on our mission to change the way people shop locally and serve the world’s local businesses”.

But is Groupon, and other group discount sites, changing the way people shop for the better or doing it at the expense of small business?

There is no doubt that the Groupon business model has been a tremendous success, you just have to look at the amount of money they’ve made and how quickly they’ve grown to realize they are on to something big.

Read the full story at:http://www.tnooz.com/2011/01/14/news/does-the-groupon-model-lead-tourism-businesses-racing-to-the-bottom/

TAGS: Groupon
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