Shopping is hot and companies in the space are being bought up for big bucks
Yesterday it was reported that eBay purchased Milo.com for $75 Million.
Milo.com lists real-time in-store product inventory for over 50,000 stores across the country.
Today the Wall Street Journal is reporting that Amazon.com purchased a minority position in the “number two local deal site LivingSocial.com for $175 million.”
LivingSocial.com also offers deals on shopping, dining and local attractions
LivingSocial claims it makes $1 million per day in revenue.
Retailmenot.com is another online coupon/shopping site
All and all shopping is hot and local shopping is hotter.
We hope to launch malls.com and shoppingmalls.com some time early next year to join the fray.