Is The Whole Online Coupon Business Sustainable?
Hamilton Nolan · 04/15/11 03:02PMGroupon clone LivingSocial just raised a terrifying $400 million in a funding round, half of which will go to the investors smart enough to get in early on this total knockoff coupon site. This comes just months after Groupon raised, like, a billion dollars in their own funding round. Is this even remotely sustainable?