When Facebook pulled out of the deals space, some people started predicting the end of the industry as a whole. But the main lesson is simple: The deals business is harder than it looks. And that’s good news for Groupon.
Today, the Department of Justice approved Google's proposed purchase of ITA—with some important caveats. The DOJ has mandated that Google adhere to a slew of requirements to ensure that healthy competition remains in the online travel industry.
Do you know the startup Airbnb? It's a website listing homes for short-term rent and also crazy rentals — everything from an entire village in Liechtenstein to the same place that Obama vacations at in Hawaii. The point is to offer an alternative to the generic offerings on Expedia and elsewhere. (And incidentally, it's sort of like Expedia for Silicon Valley power players, with backing from blue-chip VC's Sequoia Capital and Greylock Partners.)
I fell in love with Netflix one night when I stopped a movie I was watching to wash dishes in the kitchen before I tiptoed upstairs to make sure the kids were asleep, and then I continued the movie seamlessly from my bedroom. Almost any movie or show I want where and when I want it. Alas, I fear, Netflix will soon break my heart. And it's an American icon that is warning me: American Airlines.