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According to wikipedia it was valued at $13B when floated. Then lost ~90% of its value. That means $11.7B. Wow. ELI5: did anyone profit from this other than the

by pwm 11y ago

According to wikipedia it was valued at $13B when floated. Then lost ~90% of its value. That means $11.7B. Wow. ELI5: did anyone profit from this other than the founders?

AznHisoka 11y ago
Yep, people who knew a lot about their business model and shorted it. Just like the ones who shorted zynga and demand media.
argonaut 11y ago
Groupon is still a two billion dollar company. It's still by any measure a huge success. I personally know many non-techies (normal people) that use Groupon and actually do go back as repeat customers for the places they buy Groupons for.
deleted 11y ago
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