Home From the Wires Groupon, LivingSocial problems make daily deals field uncertain

Groupon, LivingSocial problems make daily deals field uncertain

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Friday, November 30, 2012

CNN: Troubles at Groupon and LivingSocial hint at serious issues in the daily deals field.

Financial analysts have long criticized the daily deals field for its low barrier to entry and unproven long-term viability. A recent string of bad news for the top two companies in the space has only given them more fodder.

"The field is going through some growing pains," says Unaiz Kabani, data product manager at Yipit, a research firm that tracks the daily deals space.

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