Thanks for the info but do you really think they will be able to compete with the big boys simply because they are using LBS?
They have already been fined by OFCOM for flase advertising by bigging up their coupns which are one day only offers which ALWAYS require a significant purchase at the beginning. It's like when newspapers offer save £5 when you spend £50 but on a larger scale. Chase Manhattan and Bloomberg, among others, are far too quick to give huge valuations to companies that still haven't even made a profit. Lets see if anyone even remembers them other than for this ridiculously overpriced valuation in 2 years. All the newspapers are getting into this biz at the moment (or are they just frachises of Groupon?) and it seems like a very small bubble that will soon pop when people get sick of the conastant bombardment of emails and vouchers that they will never use.
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@ Mr Gumby
Thanks for the info but do you really think they will be able to compete with the big boys simply because they are using LBS?
They have already been fined by OFCOM for flase advertising by bigging up their coupns which are one day only offers which ALWAYS require a significant purchase at the beginning. It's like when newspapers offer save £5 when you spend £50 but on a larger scale. Chase Manhattan and Bloomberg, among others, are far too quick to give huge valuations to companies that still haven't even made a profit. Lets see if anyone even remembers them other than for this ridiculously overpriced valuation in 2 years. All the newspapers are getting into this biz at the moment (or are they just frachises of Groupon?) and it seems like a very small bubble that will soon pop when people get sick of the conastant bombardment of emails and vouchers that they will never use.