The Internet is 'the central business of the 21st century'

[Tom]

The quote comes from Alisher Usmanov, a Russian oligarch and a close friend of Vladimir Putin. The type of project he likes is www.grupon.co.uk . It is a group buying website. It is 17 months old and it is expected to have £500m in revenues in its second year of operation. 'That kind of early growth makes Amazon and Google look sluggish'.

[David]

Did you mean www.groupon.co.uk ?

[Tom]

Yes thanks - AND I guess the real money is coming from www.groupon.com . Thanks for checking.

[James]

Alisher Usmanov owns mail.ru and has a large stake in Facebook. I've heard Groupon is tipped to be the next Amazon / eBay.

[David]

Yes, and mail.ru is the source of more forum spam than any other domain. Most forum admins ban the use of that domain for user registrations. I would be wary of getting involved with any organisation that allows this sort of thing to happen.

[Tom]

Yahoo is believed to want to buy Grupon http://www.businessinsider.com/of-course-yahoo-wants-to-buy-groupon--so-should-google-amazon-and-ebay-2010-10