Infograph: Expert says Groupon and other daily deal sites are bound for extinction

Survey says 7 in 10 small businesses ‘hate’ Groupon.

 According to CreditScore.net, a personal finance blog focused on credit and debt related topics by Jeffrey Trull , the death of daily deals could be very soon as consumers are ‘bored’ and merchants hate them.

He advised: “Depending on how long you’ve been a subscriber to any one of the thousands of daily deal sites out there, chances are you’re a little sick of the daily deal onslaught—from email overload to the repetition of the same old deals, even the most diligent money-savers can probably agree that the daily deals bubble is getting a little passe. But if you’re not sick of them, get your daily deals while you can, because the industry may be disappearing; from daily deal sites closing up shop in droves at a time, to deal titan Groupon’s shareholders beginning to cash out recently, the industry seems to be slowly but surely closing up shop.”

Here’s an infograph he created to push forward his arguments:

Source: CreditScore.net