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.
Also this week the startup RetailMeNot.com was purchased for $87 Million by Whale Shark Media.
Retailmenot.com is another online coupon/shopping site
Its reported that up to 45% of people use Apps while shopping to find the best bargains.
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.
this opens a giant flow of local-shopping-related domains registrations
I wonder what domainers would’ve appraised “LivingSocial.com” and “Groupon.com” for, prior to being developed sites.
but “The Groupon/Google Deal Is Off”
techcrunch.com/2010/12/03/confirmed-the-groupongoogle-deal-is-off/
You missed Whale Shark Media’s acquisition of RetailMeNot.com for $90M+ this week.
Stronwi
Thanks for that story is updated
Mike,
We feel that our PriceQuoteDirect and PriceQuotesDirect.com are ripe for consumer shopping development due to the fact that they give consumers control over their purchases of products and services offered by multiple outlets.
Thats the pull offering we have were people can come and pull stuff off the shelf as in your malls.com
On the other hand our WeeklySalesFlyers.com and eSalesFlyers.com are ripe for push marketing sites where weekly or daily sales flyers are pushed to consumers who opt in for such alerts.
I find it funny that you mentioned that 45% of people use apps to do online shopping – yet WIRED published an article a few months ago that mentioned the web was dead – never really understood that article and sadly wired has been losing its touch lately.
What I want to know is where are all the geo domainers? If Groupon is worth $5-6 billion, how much could the major city.com’s be worth if they were really connecting with their markets the way Groupon has. Google could spend a fraction of what they were offering groupon and buy out the majority of the top 100 geo.com’s in the us. If the .com’s aren’t for sale, then why not Geo.US – perfect for group buying and could be had for an even smaller fraction of the price.
Oh wait, I’m a geo domainer too… I need to get my butt in gear!
“Google could spend a fraction of what they were offering groupon”
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Google was after the Multi-Level Marketing Structure of PEOPLE
The AMWAY of the Internet
The NeXT Frontier