Pando

Erin Griffith

  1. The Once-Hot Textbook Rental Market Is Already Shifting to Ebooks

    For the past few years, Chegg's textbook rental business has been the hottest way for college students to get their books. It still is, but the company is also bracing itself for a new disruption to the $5 billion textbook industry--e-textbooks.

    By Erin Griffith , written on

    From the News desk

  2. Groupon's First Public Quarter: Overvalued, Schmovervalued

    Groupon has released its numbers ahead of its first ever quarterly earnings call and as expected, they're not terrible. The company earned had revenue of $506.5 million, a 194% increase over last year. Doubling its revenue is impressive but it shows slowing growth--this quarter last year Groupon had grown revenue by 400%. A chief concern of analysts and investors is whether Groupon can continue its lightspeed growth for long enough to justify its lofty valuation.

    By Erin Griffith , written on

    From the News desk

  3. Group Commerce Turns Media Outlets into Shills... But in a Good Way

    Bemoan the disappearing Chinese wall all you want--editorial and sales are cozier than ever. The blurred line between commerce and content is apparent in early successes of editorial-like commerce companies like Fab.com. It's also apparent in the increasing willingness of media companies from the New York Times to "stuff porn" blogs like Daily Candy to turn themselves into vendors. Group Commerce, a white label startup that powers such deal services, is here to facilitate the shift.

    By Erin Griffith , written on

    From the News desk

  4. The Future of Daily Deals is New Categories, Apparently. I'm Not Terribly Convinced.

    Daily deals sites had their hot moment. Then they had their backlash moment. Now they're trying to have a mature moment. Three years in, and the industry is tasked with figuring out a sustainable business model that doesn't spam, kill local businesses, or die out as a fad. The way they plan to do that, thus far? DIVERSIFICATION! At least, that's how LivingSocial Ceo Tim O' Shaughnessy sold it at Business Insider's Social Commerce Summit in New York this afternoon. O'Shaughnessy said the company will avoid losing relevance with consumers by focusing on specialized categories like travel and family. LivingSocial Adventures, Escapes, Families and Instant all launched in 2011, and the company is "pushing hard" on its new products. Still, LivingSocial lost $558 million last year on $245 million in revenue. O'Shaughnessy attributed the loss to investing in new product development (like LivingSocial Adventures) and putting feet on the ground in its local markets.

    By Erin Griffith , written on

    From the News desk

  5. IAC Trying to Sell Vimeo, Seeking $300M Valuation

    Barry Diller's IAC is testing the waters on a partial exit of Vimeo, according to two sources familiar with the situation. The company is hoping to raise a $50 million round of funding in conjunction with a spin off of the hipster online video business.

    By Erin Griffith , written on

    From the News desk

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