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Groupon's new CEO insists the company is 'misunderstood'
Last week Groupon's shares hit an all-time low, only days after appointing Rich Williams as its new CEO in place of co-founder Eric Lefkofsky. What's more, Groupon recently ceased operations in Puerto Rico, Taiwan, Denmark, Finland, Norway, Sweden and a handful of other countries, adding to notable layoffs the company announced back in September. All of this is to say that Groupon, which offers coupons and deals to online customers, is at a crucial point in its short history -- how much longer can it go on like this? To answer that, newly appointed chief Rich Williams today wrote about Groupon's chances to win the daily local deals game, one that tech giants like Amazon have failed at, among other things.
eBay unveils redesign, deals site and launches same-day delivery
After eBay finally straightened out its logo and became ebay (it'll always be camel-cased in our hearts) it seemed only logical that the site itself would get a long overdue facelift too. At a press event today in NYC the tenacious dot-com holdover unveiled the most dramatic redesign of its long and storied existence. The look has been compared, repeatedly in the media, to Pinterest with its endless, uneven grid of product boxes and curated feed of auctions. The design is cleaner, with less text and better suited to scale for mobile and the upcoming onslaught of touchscreens. You can also like auctions on Facebook, which it hopes will drive more traffic to the site. The company quietly launched eBay Lifestyle Deals as well, a local coupon service in the vein of Groupon and Google Offers. Right now the deals are only available in a few major cities, including Washington DC, San Francisco and LA. SF is also the beneficiary of eBay Now, the same-day delivery service that entered beta testing in early August. There isn't an immediate expansion to accompany the end of the trial, but more cities should be added soon. If you're not seeing the new design yet, look for the "Feeds" option on the home page to switch over now.
PayPal to add mobile payment features, hopes to redefine how we shop (till we drop)
Like the side ponytail craze of the '80s, the newest trend is turning out to be the mobile wallet -- especially as major players like Google, MasterCard, Verizon, Discover and now PayPal board the bandwagon. Our old buddy -- best known for its love affair with eBay (and ripping our own Darren Murph off a solid two large) -- has plans to implement new payment features primarily for (but not limited to) mobile. On the to-do list are things like QR / barcode scans, hyper local deals, fast checkout via NFC, etc. The company is adamant that it's not "just shoving a credit card on a phone," but rather planning to change the whole shopping experience. We'll know more when PayPal releases more details in early October, and when it launches the pilot product sometime later this year. Until then, check out the semi-cryptic video while brushing up on old episodes of SuperMarket Sweep after the break.
