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Groupon isn't trying to pretend that they're profitable or that they'll be profitable in the near term. Smart long-term investors will look at their financials
by dannylipsitz 15y ago
Groupon isn't trying to pretend that they're profitable or that they'll be profitable in the near term. Smart long-term investors will look at their financials and their business model in order to make an educated bet on whether Groupon can successfully transition from astonishing hypergrowth to sustainable profitability -- preferably after the dust kicked up by the IPO clears.
- salvadors 15y agoGroupon are trying to pretend they're profitable — that's a major component of the original article here. They even made up a new accounting metric to try to persuade people of this (if you only avoid the pesky sales+marketing spend).
- dannylipsitz 15y agoI think this "Adjusted CSOI" nonsense is tantamount to Groupon admitting that they're not profitable.