SAN FRANCISCO - SEPTEMBER 28: Google CEO Eric Schmidt speaks during the TechCrunch Disrupt Conference on September 28, 2010 in San Francisco, California. The TechCruch Disrupt Conference runs through September 29. (Photo by Justin Sullivan/Getty Images)
Is it a good sign that Google is gobbling up an established product and distribution list at a "bargain" price of $6 billion? Or is it a sign that they're slowing down on the initiative tip?
"[Groupon] should hold out for $12 billion or $18 billion," LivingSocial's John Bax told the crowd at Ignition: The Future of Media, according to Business Insider. He was exaggerating a bit, but the point is well taken -- the social commerce model has yet to be defined or valued.
Of course, LivingSocial has a big dog in this hunt, as Amazon is poised to invest $150 million in them.
Thrillist CEO Ben Lerer said that Groupon might be the best-read publication. Period.
The flip side of that argument is that Google might be surrendering its tech supremacy, slowing its innovating and showing a 'crisis of confidence.'
The point is also made that a targeted ad via Facebook might be a retailer's best, more efficient, use of advertising dollars.
Google's taken a few hits this year, with the European Union challenging them and a perceived brain drain to other firms.
And the internets have well-documented a similar phenomenon of slowing innovation paired with taking over other firms: Microsoft.
Sounds innovative to us.