9 Business Moves of The Year

6. Daily Deals On Death Bed?

Though the Daily Deals provided by various sites were pretty famous over the time but now it seems like the business is approaching it death bed. The over flourishing deals offered got dull over the time. Often the deal providing merchants faced unmanageable traffic which leads to lose money for them without producing any proper profits. Amazon too wrote off 90 percent of the investments from Living Social. In its IPO Groupon’s stock price lowered more than 10 percent.  Many companies are trying to close the deal offered as there have been no profitable returns.

More: Top 10 Companies For Grooming Leaders

7. Airbnb Gets A Kick Start After Sandy

The 2012 champion of the sharing economy is the Airbnb. Airbnb is an online service provider that conjoins those who desire for short-term vacation accommodations or vacation rentals and also for private parties who are not from professional hospitality industry. Airbnb was long forgotten since last year’s ugly headlines. But 2012 bought the glory back. The company regained its popularity when it offered a platform for those who offered free housing in the areas affected by Hurricane Sandy. It was a huge moment for Instagram, which experienced big shares including $1 billion acquisition by Facebook. Over 800,000 pictures of the property-gobbling storm were uploaded by users demanding a new way of citizen journalism.

Also Read: Will The Indian Economy Soar High?