History
The deal of the day concept gained popularity with the launching of Woot.com in July 2004, although that itself was a modified version of earlier dot-com-bubble sales by sites like uBid. By late 2006, the deal of the day industry had exploded, with more than 100 deal-a-day sites in existence. In November 2008, Groupon entered the market and became the second fastest online company to reach a billion dollar valuation.
Other notable online businesses including Facebook have launched and later withdrawn their own daily deals offering websites. The rise of social networks such as Myspace and Facebook has accelerated the growth of daily deals sites with popular deals spreading virally via these online networks.
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Famous quotes containing the word history:
“I saw the Arab map.
It resembled a mare shuffling on,
dragging its history like saddlebags,
nearing its tomb and the pitch of hell.”
—Adonis [Ali Ahmed Said] (b. 1930)
“Literary works cannot be taken over like factories, or literary forms of expression like industrial methods. Realist writing, of which history offers many widely varying examples, is likewise conditioned by the question of how, when and for what class it is made use of.”
—Bertolt Brecht (1898–1956)
“Well, for us, in history where goodness is a rare pearl, he who was good almost takes precedence over he who was great.”
—Victor Hugo (1802–1885)