The pyramid of Groupons begins to crumble

The consumers were being told: You will never pay full price again. The merchants were hearing: You are going to get new customers who will stick around and pay full price. Disappointment was inevitable.

David Streitfel of The NY Times on the increasingly visible issues around Coupon Discount sites. Here comes the press questions and backlash, and I’m not sure the business models are going to survive.