The chances are good that an eventual Groupon public stock offering will see its share price fluctuate wildly as interest in the stock fuels the investor frenzy, much like what happened when LinkedIn (NYSE:LNKD) went public in May.

There is a key difference between Groupon and LinkedIn, though. Groupon’s daily deals service, while innovative and high-quality, is now becoming commonplace. Not just because of direct competitors like Living Social, but other merchant and Internet services like eBay (NASDAQ:EBAY), Google (NASDAQ:GOOG), and others are offering their own daily deals.

This pattern – a business launches a service, loses its value because of the subsequent ubiquity of that service — is an old and familiar one in the technology industry. Here are four stocks that were innovators in their field but were eventually diminished by their idea spreading across an entire market.

TiVo (NASDAQ:TIVO)

TiVo’s television recording device and service was poised to change the entire television industry at the beginning of last decade. The stock was hot, too, nearly doubling in value over the course of its first few months on the Nasdaq. The problem is that TiVo did change the television industry, and by 2004, digital video recording services became commonplace on cable boxes used by providers like Time Warner (NASDAQ:TWX) and Comcast (NASDAQ:CMCSA). As a stock, TiVo is doing better today than it was five years ago, but not nearly as well as investors may have expected 10 years ago.

Yahoo (NASDAQ:YHOO)

It’s hard to imagine a time when Yahoo shares traded above $100, but back in 1999 Yahoo was on top of the whole Internet business. Its email service, display advertising, and search engine technology were all hot commodities. By the time Google went public in 2004, it had surpassed Yahoo in nearly every field, none more so than in search engine technology.

Garmin (NASDAQ:GRMN)

Garmin was on top of the world in 2006, its consumer-grade GPS devices flying off shelves and becoming regular fixtures in automobiles. Like TiVo, though, that technology became so commonplace it completely devalued the company. Back then, a Garmin GPS was valuable. Now it’s unusual for consumers to have a mobile phone that doesn’t offer the same functionality. In 2007, Garmin traded at around $120. Today, it trades just above $33.

Palm

Hewlett-Packard (NASDAQ:HPQ) paid $1.2 billion for Palm in 2010. It would have paid a whole lot more than that if it had made a bid for the company more than 10 years earlier. Palm’s mobile operating system and its mobile devices were technological trailblazers. As evidenced by Apple’s (NASDAQ:AAPL) meteoric rise in value over the past four years, though, Palm’s all-in-one electronic assistant wouldn’t find its feet with consumers until long after the company’s tumultuous time as a hot stock.

As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at @ajohnagnello and become a fan of InvestorPlace on Facebook.