It's been rumored that Google just bought Groupon for $2.5 billion.
It is estimated that Groupon is worth $1 billion and grossing $50 million per month for its venues. This is quite an accomplishment for a business that has been open only two years. No wonder Google wants them.
There have been Groupon copycats such as BuyWithMe, Qponus, LivingSocial and many others.
This acquisition would separate Groupon from the rest of the copycats while also making GooglePlaces, which is designed to help local business owners gain an edge in search engine marketing, a database for venue choices.
But I ask, what about the little guys? Why do all start-up businesses need to be bought out? Why does Google need to own everything? I'm not a fan of how these brilliant innovative ideas are being gobbled up by now corporate conglomerates.
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