As Christmas is just around the corner, I am trying to write more light hearted, fun posts, to try to get everyone in the festive spirit.
At the end of every year, JibJab publish their take on the year, in the form of a (usually very funny) video. The video tries to stuff as much news and humour into about two minutes as it possible can.
The 2011 video has just been released, so I thought I would share it around 🙂
You have to watch the video three or four times to see how much they have included, as they really do put so much in!
This year gives mention to the Arab Spring, the collapse of the News of the World, the anti-capitalist protests, the London riots, Dominique Strauss-Kahn, Americas loss of its AAA credit rating, Japan’s earthquake and tsunami, Rebecca Black, Justin Bieber, the Royal Wedding, Steve Jobs and so much more!
Here for your enjoyment is JibJab’s 2011 year review, called 2011 Buh-Bye!
Good video isn’t it 🙂
What’s your take on the year? What have JibJab missed out, that probably should have been included?
If you really enjoyed that, head over to the JibJab originals page for more year reviews and fun 🙂
According to Yipit, there are 384 daily deal websites operating in North America that it knows about. This number is almost certainly far higher once you consider all the smaller sites that are not able to run deals each and every day.
So is the market too saturated? Is the industry doomed to fail because there are too many competitors competing for an ever shrinking supply of customers?
In 1876 Alexander Graham Bell demonstrated the telephone and one of the biggest communications companies of the time immediately dismissed it with the famous quote:
“This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.”
That company was Western Union and the lack of foresight for this new technology meant they were never able to compete in the profitable telecommunications industry – an industry which they had previously dominated with their telegram service.
Between 1894 and 1904 over six thousand telephone companies went in to business and from there mergers, acquisitions and closures happened to consolidate the industry to just a handful of companies today.
In 1939 there were 132 railroads in America, today that number is just seven as mergers, acquisitions and closures meant huge consolidation in that industry.
In 2005 there were a huge number of social networks available, Myspace, Orkut, Bebo, Friendster and Classmates to name but a few. Today? We have one site, Facebook as the market consolidated.
In 2007 there was just one daily deal website worth mentioning which was Woot, a hugely popular and profitable website that continues to grow and increase its revenues. After the launch of Groupon it spawned off thousands of clones around the world, over 400 of them in American alone.
Since 2009 there have been 72 acquisitions in the daily deal industry, 44 coming in the last 6 months alone. Groupon have gone for an expansion by acquisition business model with at least 8 buys under its belt, Google too is eyeing up the industry with several acquisitions in the daily deal market to expand its Google Offers programme.
There are plenty of other acquisitions too, LivingSocial have bought at least seven daily deal sites and BuyWithMe have purchased 6 daily deal sites before they too have been purchased.
So just like other new inventions and markets spawned hundreds of clones, it might look like the daily deal market is in decline as the number of sites decreases but there is still a very healthy merger and acquisition process taking place as the deal market looks to consolidate and become profitable.