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by socalnate1 4859 days ago
I disagree. Daily deals can work, but only at the right scale, with the right focus on the right types of markets

What groupon, livingsocial, et al assumed was that this was an endless market and would work for every type of business. This is clearly not the case. Whether these particular companies can get to the right size and find the right market remains to be seen - but I don't believe this is a "ponzi scheme" at all.