Mashable reported last night that Google looks like its gearing up to take on Groupon.com head to head with its own Product Google Offers.
Google does own the domain name GoogleOffers.com
According to Mashable they have a “confidential fact sheet straight from the Googleplex about the company’s new group buying service. “Google Offers is a new product to help potential customers and clientele find great deals in their area through a daily email,” the fact sheet says.”
Google Offers looks and operates much like Groupon or LivingSocial. Users receive an e-mail with a local deal-of-the-day. They then have the opportunity to buy that deal within a specific time limit (we assume 24 hours). Once enough people have made the purchase, the Google Offer is triggered and users get that all-too-familiar $10 for $20 deal for that Indian restaurant you’ve never tried.
“From what we can tell, Google Offers will be powered by Google Checkout. It also includes Facebook, Twitter, Google Reader, Google Buzz and e-mail sharing options.”
Now that Google with its $35 Billion in the bank is getting ready to take on Groupon.com things should get very interesting.
The market seems to like the news as shares of Google are trading up over 2% or $14 in early trading.