Each day we provide a roundup of five stories from around the Web that our editors read and found noteworthy. Follow us on Twitter for updates throughout the day @digiday.
At Least Someone’s Making Money: According to ABC News, amid the multiple warnings about ad tech bubbles and the global slowing of ad spend, there is one company that is sitting pretty in ad tech: Google. No surprise there, but what it says about the so-called race against Google is telling. It seems everyone else is losing, big time. Yahoo is losing a lot of money in ad revenues, and so is Microsoft. It’s kind of a bloodbath out there, and yet Google has a big vulnerability — 96 percent of its revenue comes from advertising. If Facebook can keep moving forward into Google’s territory – enabling social search and ramping up its ad tech – then every bite from its competitors will hurt the company, a lot. Google might not end up like MySpace, but it may become the next Yahoo unless it can hold off the Facebook army. ABC News— Carla Rover @carlarover
Another One Bites the Dust: BuyWithMe, one of the larger also-rans in the daily deals universe, has been purchased by the Gilt Groupe, the parent of a number of luxury deals sites, including Gilt City and Jetsetter. The purchase seems to indicate that neither company has been able to create and exploit enough of a niche to compete against Groupon and LivingSoclal. BuyWithMe competed head to head with Groupon, offering half-price manicures via email but, because it has a national presence, does offer the Gilt Groupe a much larger footprint that it has currently. In what would seem to be very bad news for BuyWithMe employees, in an unrelated move, last week Gilt laid off about half of its staff. cnet— Anne Sherber @annesherber