Aol clones Groupon with Wow.com
smallbusiness.aol.com
smallbusiness.aol.com
Wow has no minimum qualification to purchase the deal (unlike Groupon's "tipping point," where a certain number of shoppers have to commit to it), and Wow plans to "keep it simple" and avoid gimmicks and games.
This would make potential buying experiences very different. The secret sauce of Groupon is collective buying power. This looks like a simple race to the bottom for merchants, except they are not guaranteed to get a certain number of purchases.
They need to have deals with a network effect so as more people buy the deal it then gains more value for each customer.
I've heard yelp will be entering as well (I can't confirm if they're already there since yelp perma-banned my ip after I tried to do some lite-scraping)