Morning Folks!!
I am amazed that so many domainers do not understand why Groupon came out of nowhere to be where it is now and a threat to Google. Stop looking at things like a domainer. That is short sighted. Look at it thru the average consumer, the average small business. When you do that, everything looks different.
Let’s start here. More retailers on Main Street have tried Groupon in the first year than have used Google in 7 years. There is a reason for that. I can’t believe so many folks are missing that. Maybe they need to talk to the business owners that use and LOVE Groupon.
Results they can see, measure and make money with as they instantly grow their businesses.
Google for the first time is REACTING to both Groupon and Facebook and Twitter is still a tool. Google is no longer setting the agenda in the way they did just MONTHS ago. They are wobbling and a talent is leaving.
Will Google ever get back to $750/share? I sure as hell could make a case that it won’t happen. That the numbers a year from now will look terrible compared to their past growth. That Schmidt was brought in to raise the value and with his departure will go the stock price.
Groupon a fad? Could be. But fads have disrupted things before. A fad may only be a stopping point to something even bigger. But I don't think it is such a fad. It will last too many years to be a fad. By that time it permanently changed the landscape.
See, I have seen similar scenarios play out during my life. A cycle of sorts that repeats itself. The names change but the events don’t. Just different facades.
Google is being disrupted and now they are trying to disrupt. It shows a reaction as opposed to leading. It won’t lead where they expect and that opens up a can of worms that they can never control again. Knowledge is power and they are going to be met with opposition as the little guy embraces Groupon, Facebook and Twitter because they understand it better than they do Google. They see the results. They get it.
You can't be myopic on this. There are just too many things to look at and outside forces not in their control. As domainers we may look at it one way. Just keep in mind you are only looking at it in one way. But how does the retailer look at it? The manufacturer? The ma and pa businesses? The consumer? They count more. Google can make a bad decision somewhere along the way and it could end up doing more harm to themselves than even those companies mentioned could.
Have a GREAT Day!
Rick Schwartz
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