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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
TODAY
Sep 19, 2014
No campaigners celebrate as results come in at the Scottish independence referendum count at the Royal Highland Centre in Edinburgh,Scotland,Friday, Sept. 19, 2014. Scottish voters have rejected independence and decided that Scotland will remain part of the United Kingdom. The result announced early Friday was the one favored by Britain's political leaders, who had campaigned hard in recent weeks to convince Scottish voters to stay. It dashed many Scots' hopes of breaking free and building their own nation. (AP Photo/David Cheskin)

ISIS and arming Syrian fighters. Scotland rejects independence. NFL turmoil. US troops and Ebola. Our weekly news roundtable goes behind the headlines.

Sep 19, 2014
Joseph O'Neill (courtesy of the author)

Author of “Netherland,” novelist Joseph O’Neill is back, with “The Dog,” on globalization, capitalism, and self-discovery in Dubai.

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