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Medial • 8m
They were the fastest company EVER to hit a billion-dollar valuation. Their revenue grew 22,000% in one year. Then they refused Google's $6B acquisition offer. Now, no one knows if they'll survive. The crazy story of Groupon's meteoric rise — and devastating fall: In 2008, Groupon changed the game by offering huge discounts, helping businesses attract customers. By 2011, it was valued at $12B, had 150M users, and even turned down Google’s $6B buyout offer. But problems started. Businesses realized these discount hunters weren’t loyal, and they lost money on deals. As the economy improved, fewer people needed discounts, and Groupon’s growth slowed. The company expanded too quickly, spending heavily on employees and marketing. Bad decisions, like entering food delivery, made things worse. By 2024, Groupon’s revenue had dropped 80%, and they were still losing money. Lesson: Without a strong, sustainable plan, growth doesn’t last.
I like software and ... • 1y
Met an electronic appliance dealer today Interestingly, they earn higher margins(%) on smaller appliances like mixers and electric cookers compared to ACs and fridges Why? People research and inquire more about bigger appliances. Companies often off
See MoreAlways be Happy but ... • 12m
Well today I had a change to listen to an entrepreneur, and they were charging pretty handsome for their service but and had a really big proposal, with over 20 services but when I carefully listed to their conversation and analysed it I realised th
See MoreFiguring Out • 10m
Zepto and other QCom platforms are now going all in. So remember that mainly in 2022-23, all the QCom platforms were offering incredible deals and huge discounts on grocery items. Then once we were habituated to QCom, they removed all the discounts
See MoreHey I am on Medial • 6m
Business Idea: Enabling Credit Card Discounts and Cashback for Non-Credit Card Users In today’s digital shopping era, e-commerce platforms like Flipkart, Amazon, and others frequently offer discounts and cashback deals, especially for customers using
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