"Spreets has announced it will start selling deals from other sites under a new affiliate model … Spreets will now sell deals from the two group buying companies owned by international parents, Groupon and Living Social"
http://www.smartcompany.com.au/retail/053342-spreets-to-star…
and that's why Yahoo is doomed. I never thought Marissa Meyer had amazing skills, I think she was just riding the Google boom and growth was bound to happen for a while.
Howdo I put this without being rude?
Yahoo7 just lost maybe $35 million inthis deal.
Ex-Cudo Billy Tucker wrote an article on Spreets' change over the years:
http://blog.57signals.com/2012/12/13/spreets-goes-hybrid-in-…
Via Mumbrella. Looks like it's confirmed that Yahoo7's Spreets is going to change the model to become an sole aggregator. Might not even be a hybrid model.
Deals website Spreets this week told its subscribers it is moving to a new business model which effectively sees it leave the group buying market… Instead, Spreets will become a list broker – emailing consumers on its database with offers from elsewhere. The customers will deal directly with those businesses.
Moreover,
Customers who have bought Spreets credits have just a fortnight to spend them.
That would be until the end of February I think.
You mean, Yahoo7 bought Spreets 2 years ago for $40 million to turn it into an affiliate site to other group buy sites?
Wow.