PLEDGE NOW
Social Buying & Digital Deals

The Internet booms again – on shopping. “Groupon.” “Living Social.” We look at how and why the Web is changing the way we buy now.

Online discount sites: Groupon; Wow; LivingSocial.

E-commerce – online shopping – is cooking this year. Up and up, as Americans scramble onto the Internet for deals and convenience and holiday gifts.

But the biggest thing of all this year is a whole breed of super bargain hunting and consumer leverage online. Gangs, hordes, wolf packs of consumers banding together to leverage great deals from local retailers. It’s a boiling phenom.

The biggest outfit doing it is called Groupon. The company is two years old and last week turned down a $6 billion dollar buyout offer from Google. And there are others. We click through.

-Tom Ashbrook

Guests:

Natali Morris, news anchor for CNET TV and technology contributor for CBS News.

Chris Steiner, staff writer for Forbes Magazine, where he covers the Internet and financial technology. He wrote the August cover story on Groupon for Forbes.

Tim O’Shaugnessy, CEO and founder of LivingSocial. His company is the 2nd biggest website for daily deals behind Groupon and has major expansion plans.

Scott Steinberg, CEO and founder of Tech Savvy Global. He’s a tech entrepeneur and analyst.

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ONPOINT
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Former University of Cincinnati police officer Ray Tensing, second from left, appears before Judge Megan Shanahan at Hamilton County Courthouse for his arraignment in the shooting death of motorist Samuel DuBose, Thursday, July 30, 2015, in Cincinnati. Tensing pleaded not guilty to charges of murder and involuntary manslaughter. (AP)

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In this undated photo provided by the Wildlife Conservation Research Unit, Cecil the lion rests in Hwange National Park, in Hwange, Zimbabwe. Two Zimbabweans arrested for illegally hunting a lion appeared in court Wednesday, July 29, 2015. (AP)

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Jul 31, 2015
Former University of Cincinnati police officer Ray Tensing, second from left, appears before Judge Megan Shanahan at Hamilton County Courthouse for his arraignment in the shooting death of motorist Samuel DuBose, Thursday, July 30, 2015, in Cincinnati. Tensing pleaded not guilty to charges of murder and involuntary manslaughter. (AP)

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