to me that sounds like a major case of a company cashing out before the bubble bursts. They don't need the money, and they definitely don't need the regulatory

to me that sounds like a major case of a company cashing out before the bubble bursts. They don't need the money, and they definitely don't need the regulatory oversight that the IPO brings. They just raised close to a billion for a supposedly massively profitable business. They have plenty of cash on hand. It's a massive ponzi scheme where the businesses have been convinced to take massive losses with the hopes of making them up later. Very few actually get the results they are promised by the sales people. On the buyer side...it's just lame...it's the same type of deals over and over again, and I wouldn't be surprised if their customers only last a few months before they internally label Groupon as spam. don't get me wrong, Groupon is a massively profitable business, but I think they want to cash out while everyone thinks they are worth 20-30 times more than they actually are.