January 8, 2012
September 12, 2011
How consumers engage with brands on facebook
Interesting study:
June 30, 2010
Amazon buys Woot
We are in the midst of the second E-commerce wave. Amazon is buying daily deal site woot for $110M in cash.
Amazon.com is moving into a quirky corner of e-commerce by agreeing to buy Woot, a deal-of-the-day site.
The terms of the acquisition, which the companies announced Wednesday, were not disclosed, and Amazon said it expected the deal to close in the third quarter.
Woot is one of a cluster of shopping sites that have sprung up over the last few years in the biggest flurry of e-commerce innovation since Amazon and eBay were started.
Start-ups like Woot, Groupon and Gilt have been experimenting with new models of shopping centered around limited-time sales. Shoppers get lured in to shopping as a game, and retailers get a quick way to unload excess inventory.
Woot, which began in 2004, was one of the first sites to offer a single item a day, available at a discount until it sold out. On Wednesday, for example, Woot sold iPod Nanos for $99.99. The same iPods sold on Amazon for $122.54. In addition to consumer electronics, Woot now sells wine, toys and T-shirts.