"The main reason you're seeing Groupon's market share fall is that
competition is still on the upswing," David Sinsky, data product manager for Yipit, tells Bloomberg Businessweek. "Groupon pioneered a brand new space a year and a half ago, and because of their
success they have attracted a lot of competition."
In sheer dollar terms, Yipit's researchers estimate that Groupon made $64.7 million in sales in May -- more than double LivingSocial's $31.6 million. Industrywide, online daily deals are now delivered by 345 sites, and account for about $133 million in revenue in top North American markets, according to Yipit.