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RetailMeNot sells for 90M.

But as surreal as it is for the new multimillionaires, RetailMeNot is but one example of a number of global sites that exploit an online trend towards using coupons or group buying for discounts from traditional retailers of goods and services. Just last month, another Australian coupon start-up Jump On secured AU$5 million in funding from a similar US company.

It's a trend which has seen multinational sites like Groupon and LivingSocial spring up to become billion-dollar enterprises almost overnight. The US technology sector is buzzing with rumours that Groupon will be bought by Google for US$6 billion, and overnight Amazon announced a US$175 million investment in LivingSocial, which is projected to top US$500 million in revenue in 2011. - zdnet.com

With sites like these, it makes me want to learn how to be a developer. Wow. Read more about it here.


Suzan Calvaruso said...

RetailMeNot is very popular for many shoppers because it offers a lot of great deals for different items or needs. No wonder that it values 90 million dollars.

Deal Hunter said...

I think RetailMeNot's valuation was pretty high. They depend on organic google search for 75% of their traffic. One change to the google algorithm could be catastrophic for this small company.

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