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If nothing else the timing of this seems suspect to me. The Linked In IPO has investors who missed out champing at the bit for something else. I think Groupo
by zmmmmm 15y ago
If nothing else the timing of this seems suspect to me. The Linked In IPO has investors who missed out champing at the bit for something else. I think Groupon knows their current business model is unsustainable and have picked this moment precisely because the market is particularly irrational right now. (Note: I'm not saying there is a bubble in general, just that the Linked In IPO has created a unique opportunity for them to go public with less scrutiny than would otherwise be the case.)
- Duff 15y agoI think Groupon is a suspect company to begin with. It's a great idea, but most of the last few rounds of funding have gone to pay off the early investors. http://allthingsd.com/20110602/where-did-groupons-billion-dollars-go/ http://allthingsd.com/20110602/where-did-groupons-billion-do... They raised nearly a BILLION dollars, and spent 80% of it on paying off the insiders. Not a good sign.