I was picking the brain of a restauranteur for insight into things like Groupon. He confirmed what we all understand in the abstract: that these deals are terrible for the businesses that offer them; that they draw in nomadic deal hunters from a vast surrounding region who are unlikely to ever return; that most deal-hunters carefully ensure that they spend just the deal amount or slightly more; that a badly designed offer can bankrupt a small business. He added one little factoid I did not know: offering a Groupon deal is by now so strongly associated with a desperate, dying restaurant that professional food critics tend to write off any restaurant that offers one without even trying it.
Locust swarms are aggressively and energetically social. Remind you of any contemporary pattern of human behavior?"It isn’t the 1% fat cats who are becoming victims of the new economy. It is the little capitalist in the middle."
« Older ATTENTION: The IRS has made important changes to F... | Greg Fleniken was a decent, ho... Newer »
This thread has been archived and is closed to new comments