- Reported image of Google +1 (formerly Google Me)
- Notice “Confidential” at the top and the share buttons
- Toolbar would exist at top of Google properties
- Key part is “loops” = “groups in Google terminology
- New toolbar expected to launch early next year
Google is playing catch-up in the social space. Buying Groupon would have been a big game changer for them, however as reported by several sources on Friday this appears unlikely at this point. According to the Chicago Tribune report Groupon believes it is better off to stay independent. It’s estimated that Groupon will make $2 billion in revenue this year. Next year Groupon may decide to do an IPO as well.
My personal take is Groupon should take the money and run, but I respect their independence and it’s always more fun to have more companies around. The reason I believe they should take the money and run is that long term the robust couponing may actually be causing the businesses to be losing money. One such reason is that some states (e.g. New Hampshire) have strict laws on expiring coupons and hence that’s a large liability to have on the books (hat tip Casey Chesire). Who knows though, Facebook turned down a buyout and that seems to have worked out in their favor.
Thanks to TechCrunch for supplying the above information on Google +1.
By Erik Qualman