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With Groupon taking 50 percent of every deal, plus a small credit-card handling fee, [9] in late 2010 it was reported by Mashable that Groupon's annual revenue was $800 million. [10] On December 1, 2010, The New York Times reported that Groupon was the subject of a $6 billion acquisition bid from Google, which Groupon turned down. [11]
Some deals keep giving all year long, like a $10 Sam’s Club membership package. (Nope, that's not a typo!) That’s 86 percent off the usual price tag of over $70 — and it’s a deal more than ...
While all of this would typically cost you $50 for an annual subscription, until December 31, new shoppers can sign up for a Club membership for 60% off. The deal isn't just restricted to the Club ...
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The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
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