Wow! AOL Thinks It Can Succeed As The 500th Groupon Clone

There is no shortage of Groupon clones. With literally hundreds of daily deal sites popping up all over the world, it's a pretty saturated market. Or maybe it's the next big thing. Either way, AOL (our new corporate owner) is about to find out. It is going to launch its own daily deal site called Wow! The site will come under the purview of Ned Brody, the president of AOL's Paid Services group. That includes all of the subscription business (both the remnants of dial-up and bring-your-own broadband), along with premium services such as SafeSocial (based on sofwtare from startup Social Shield, which just raised $10 million today) and Computer Checkup. Dial-up is a dying (but extremely profitable) business, and Brody wants to find new growth for commerce and subscription revenues. Daily deals are the new black.

SYMANTEC SYKES ENTERPRISES INORATED SYBASE SUN MICROSYSTEMS STANDARD MICROSYSTEMS