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His headphones are on. Even though Groupon takes up to half the price of the vouchers, the retailers and restaurateurs participate in the belief that it will help them gain new custom, or sell extra goods. It gained modest traction in Chicago, but basically went nowhere.

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When the company reported in the second quarter of that its revenues had declined along with customer growth and the amount of money existing customers spent on the site, Slate tech journalist Farhad Manjoo said Agrawal had been vindicated. Merchant customers are screaming. Some people have strict timeframes as to when they can take off time, and their lives suck.

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