It reminds me of the game console crash of '83. It's a great product, but when you gouge your customers you can create a lot of bad feeling that doesn't go away

It reminds me of the game console crash of '83. It's a great product, but when you gouge your customers you can create a lot of bad feeling that doesn't go away quickly. A company like Groupon could easily be profitable charging businesses a fraction of what they do, but they chose not to. This is the opposite of what most start-ups do (delay profitability until later.) The short-term thinking of overpricing has long-term repercussions for them and any other business that resembles them.