Yipit

Daily Deals on the Downside: Groupon and Livingsocial Continue to Slide

Image from: Merkushev Vasiliy/Shutterstock Group buying/daily deal sites seem to be losing their shine – witness the recent layoffs at Buywithme.com (which has recently merged with Gilt Groupe) and the repricing of the Groupon IPO due to concerns with their model (and other issues).  From my perspective, I’ve long thought that the daily deal space was overcrowded and people were starting to ignore the offers – deal fatigue setting in.