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"I’ve long believed that Groupon was basically a Ponzi scheme, enriching itself while acting like a parasite on the businesses it used to deliver its daily deal
by kpanghmc 16y ago
"I’ve long believed that Groupon was basically a Ponzi scheme, enriching itself while acting like a parasite on the businesses it used to deliver its daily deals."
I'm not sure I understand this comparison. Am I missing something here or did the author simply make a poor analogy?
Groupon's users aren't investing their money, unless you view a 50% off coupon as a guaranteed 100% return investment. Even so, the performances of this "investment" isn't paid off by subsequent investors.
- fluidcruft 16y ago"Am I missing something here or did the author simply make a poor analogy?" I'm not sure I understand your reading comprehension problem. The author not only explicitly stated his analogy about the similarities of Groupon and a Ponzi scheme but also defined and limited the scope of that similarity in the same sentence--not to mention the tediously long paragraphs that followed that were spent expounding on his thesis.