Is $5.3 billion an astronomical amount to get the popular deal-a-day web site? Not really. Here's why.
If Google's $5.3 billion offer goes through later this week as suggested, it could be Groupon's lucky day.
Not that luck has been really necessary for the Chicago-based, deal-a-day e-commerce site, which delivers daily discounts and deals from local businesses to 30 million users across 500 markets in 30 countries. Since CEO Andrew Mason launched MORE
JP Mangalindan, Writer-Reporter - Nov 30, 2010 3:52 PM ET
A ChangeWave survey finds Apple's iPad gaining fast on Amazon's Kindle
Source: ChangeWave Research
The e-reader market has become a two horse race between the Amazon (AMZN) Kindle and the Apple (AAPL) iPad, according to a ChangeWave survey of 2,812 American consumers released Tuesday.
Demand is strong, with 5% of respondents saying they are Very Likely to buy an e-Reader and 10% Somewhat Likely over the next 90 days.
But the race MORE
Philip Elmer-DeWitt - Nov 30, 2010 2:44 PM ET
MySpace CEO Mike Jones has the challenging task of rejuvenating a faded brand. He is overseeing a re-launch of the still popular site, that despite its size –130 million unique users worldwide – has become far less important than Facebook. MySpace no longer is challenging Facebook directly. In fact, it recently signed a deal with Facebook to allows its users to sign up for MySpace using their Facebook credentials. An MORE
Adam Lashinsky, Sr. Editor at Large - Nov 30, 2010 12:29 PM ET
Game Changer: Best Buy sells the Virgin Intercept for $189, unlimited data/text with 300 minutes is only $25/month. That is less than many feature phone plans.
Sprint (S) subsidiary Virgin offers the best value smartphone plan in the country. For $25/month (after taxes!) you get unlimited data and SMSes (no asterisks necessary) and 300 minutes of talk time. The catch is that they are pre-pay pay phones so Virgin doesn't subsidize the cost MORE
Seth Weintraub - Nov 30, 2010 12:26 PM ET
Reddit is abuzz with the latest web tool for creating beats on your computer: Google Translate.
We're always impressed by what the web can do when collective minds and tools are brought together in interesting ways. The latest example of this is the Google (GOOG) Translate Beat Box.
How it works: Google's new-ish translation engine speaks the language translations that are generated. ( Fantastic for real-time conversations with people who don't speak MORE
Seth Weintraub - Nov 30, 2010 12:00 PM ET
Questions whether the Google has abused its dominance in online search.
The European Commission launched an investigation today to discern whether Google (GOOG) "imposes exclusivity obligations on advertising partners, preventing them from placing certain types of competing ads on their websites, as well as on computer and software vendors, with the aim of shutting out competing search tools," it said in a statement this morning.
Microsoft Corp. service Ciao, price comparison site MORE
Seth Weintraub - Nov 30, 2010 9:05 AM ET
MacBooks and iMacs scored the highest marks in a survey of 79,000 tech users
Click to enlarge. Source: PC World
"Apple once again smoked the competition," writes PC World's Jeff Bertolucci, summarizing the results of his magazine's annual service and reliability survey.
"The Macintosh and iPhone maker did so well that virtually all its scores were above average. Apple's only average scores were related to the company's deftness at replacing MORE
Philip Elmer-DeWitt - Nov 30, 2010 7:49 AM ET
Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits below.
"The PC industry's inability to significantly innovate, and its overreliance on a business model predicated on driving volume through price declines, are finally impacting the industry's ability to induce new replacement cycles." -- Gartner Research director George MORE
JP Mangalindan, Writer-Reporter - Nov 30, 2010 6:00 AM ET
The battle between the video giants -- one cable, one streaming -- moves from the screen to the fiber.
In a press release today, Level 3 laid out the issue at hand. Comcast (CMCSK) made Level 3 "an offer it couldn't refuse." Either pay up or Comcast would block its services.
"On November 19, 2010, Comcast informed Level 3 that, for the first time, it will demand a recurring fee from Level 3 to MORE
Seth Weintraub - Nov 30, 2010 1:48 AM ET
That means Angry Birds...
From XDA
Developers at the XDA Forums have broken into Barnes and Noble's Nook Color, meaning that a high-quality name brand 7-inch color Android tablet that runs most Android apps is now at $250.
While the rooting is a significant event, it won't mean much to the average consumer who doesn't want to have to hack into his tablet to get it to run basic apps.
However, it does MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.24 | -0.06 | -0.86% |
| Ford Motor Co | 12.26 | -0.48 | -3.75% |
| Frontier Communicati... | 4.22 | -0.25 | -5.59% |
| Juniper Networks Inc... | 21.62 | -0.75 | -3.33% |
| Cisco Systems Inc | 19.59 | -0.24 | -1.21% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,663.49 | -71.14 | -0.56% |
| Nasdaq | 2,812.82 | 7.54 | 0.27% |
| S&P 500 | 1,315.83 | -2.60 | -0.20% |
| Treasuries | 1.91 | -0.02 | -1.09% |
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