They promise stores business, and pass on the savings
(NEWSER) - Your mom may have told you not to follow the crowd, but to get some of the web's deepest discounts, you'll need to do exactly that: "Welcome to the world of group buying," writes Katherine Boehret, "where the power of the Web can be utilized to offer surprisingly large discounts to a sizable number of people for things they actually want to buy." Websites like Groupon and LivingSocial bargain with local business, offering the patronage of their membership in turn for a markdown. Then they take a cut, but still usually pass on at least a 50% savings to you. More»
