Carlo Cisco

None of those things are true.

Less than 20% of the customers ever return.

There are places that have literally shut down by doing a daily deal.

And then what's happened in the market, and it was easy to see, there was actually a point where I bought Groupon stock, because it was really, really low, and then sold it.

I got kind of lucky at almost an absolute high.

But what's happened is all these other companies have kind of faded out, because they were basically trying to do what Groupon was doing and undercut them by like 10 or 20%.

But that's pretty irrelevant when they're already giving up up to 50% or sometimes even more on these deals.

Um, so there's always going to be certain businesses it works for.

Um, you know, a lot of businesses are really high gross margin.

So it makes a tremendous amount of sense for them to get the exposure to, to get the customers, but for someone like, you know, a premier restaurant or a premier hotel, or, you know, any sort of brand that's important that has other costs and, you know, needs the loyalty, um, doesn't make as much sense.

And that's kind of the gap that we've,

that we've been filling with Select.

But I think that Groupon itself will always exist.

They've been doing a tremendous job.

Groupon Goods is a huge success.

That's basically just their arm that sells products.

It's now over half of their business.

Most people don't realize that.

It's selling the products, not the local stuff.

Um, so they'll always be around, but I think most of the other companies are going to go away.