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eBay has started testing an online deals offering, which would compete directly with Groupon’s core offering – daily deals.

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Groupon has announced the acquisition of Savored, a startup in the restaurant reservations and discounts space, used by more than 1000 restaurants.

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Groupon announced its earnings for Q2 2012, with revenue improving 45% to $568 million, and operating income up to $46.5 million.

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Nokia Lumia 900

Nokia announces partnerships with major brands to bring their apps to Lumia and other Windows Phones. Is Nokia really the “real” Windows Phone maker?

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Zynga will commence its IPO roadshow on December 5. It is expected to raise nearly $1 billion at a valuation of around $15 – $20 billion.

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Groupon, which despite all odds, had a successful IPO, with its stock price reaching a high of $31, has dropped nearly 35% in the last two days. It is now trading at just $17, 15% below its offer price.

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Rumors that Facebook will be going public soon have been rekindled by a news report which claims that Zuckerberg said that the Facebook IPO is coming.

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Amazon has launched AmazonLocal, a Groupon like portal where people can by daily local deals at a deep discount.

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What Google Offers Means for Developers and for Groupon

With Google offers, Google aims to provide great deals that read as 50% off or more. The service is just out of Google incubators and is available in selected cities.

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Speculation about Google’s own Groupon-like portal have been going around ever since Groupon rejected the $5.3 Billion offer made by Google. These rumors were later confirmed when some users spotted placeholder pages for the URL Google.com/offers.

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Indian Groupon clone SnapDeal has raised $12 million, which it plans to spend on promotion and expansion.

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Google Offers

Google Offers is a competitor/clone to Groupon and LivingSocial. Google Offers will offer group deals at a discounted price.

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Groupon has rejected a $6 Billion offer by Google and will try to go public in 2011.

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Groupon has acquired European clone CityDeal in a move to expand globally.

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