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I am not worried about the Investors who led the G round being scammed out of anything. They knew what they were getting in to. I was pointing out how irrespons
by Cherian_Abraham 15y ago
I am not worried about the Investors who led the G round being scammed out of anything. They knew what they were getting in to. I was pointing out how irresponsible this move was, on the part of the Groupon team to allow this to happen. One one side, you have a company bleeding money aching for growth and spending over 200 million just in Ads and over 320 million in salaries to their 8000 sales staff. And you choose to cash out instead of plowing it in to maybe eking out a better profit margin than last year? They are not even trying, for Christ's sake!
And I dont have to look that far back to see how effective the SEC has been, with their metric ton buttload of regulations. You dont live in the US, do you?