On: Groupon Authorizes $950 Million Series G

[axod]

If there was ever a sign of a bubble, it's this comment.

Some local coupon startup thingy bigger than Google? u-huh.

People have been saying 'local is gonna be big' for years. I don't see why. Why do they think more money will be spent locally than people already spend other places?

[ryanwaggoner → axod]

Yeah, cause everyone knew Google was going to be worth 200 billion or whatever after they were 18 months in.

And the amount people spend on local commerce absolutely dwarfs all online spending, let alone online advertising.

[pchristensen → axod]

2001: Some web search thingy bigger than all the auto and media companies in the US? u-huh.