It's good to be a leading group-buying website these days.
LivingSocial raised $400 million in new financing last week, according to New York Times' DealBook. The new round values the country's second largest social coupon website at more than $3 billion.
Just four months ago, Amazon.com
It's not just LivingSocial closing in on its Wall Street debut with healthy momentum.
I wasn't the only one scoffing at Groupon for rebuffing Google's
Patience has paid off for Facebook, Twitter, Groupon, and any other dot-com darling that has thumbed its nose at buyout offers that seemed generous at the time but too low in retrospect.
The challenge here is for Groupon and LivingSocial to keep growing. Juicy margins and feeble moats have attracted more than just upstarts. AOL's
Will crowding lead to confusion or a shakeout? Will the viral nature of hot deals backfire when good offers go bad? Will non-discounting merchants find a way to fight back before they lose more business?
Then we have the biggest question of all for prospective investors: Will LivingSocial and Groupon manage to pull off their IPOs before they peak?
Are you looking forward to the inevitable Groupon or LivingSocial IPO? Share your thoughts in the comment box below.