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Look at the entire comment chain. Many of the comments don't even address the post itself, but their personal feelings of Groupon.
by nhangen 15y ago
Look at the entire comment chain. Many of the comments don't even address the post itself, but their personal feelings of Groupon.
- burgerbrain 15y agoYou are delusional. Everyone here but you is discussing business plan viability and questionable accounting. Both of which are exactly what the article is about.
- deleted 15y ago[deleted]
- nhangen 15y agoOK, so maybe I'm exaggerating a bit, but my original point remains - the investors have to share some of the blame here.
- ctizzie 15y agoSettle down, Ayn Rand. Of course investors share some "blame." But unlike Alan Greenspan - who notoriously didn't think "fraud" should be regulated - most of us understand that gimmicky accounting tricks are misleading to even the most savvy investors. It should be noted that pump & dump scams are nothing new. Likewise, they are not relegated to microcaps traded on Pink Sheets and OTC. After all, Enron operated in much the same manner - trumping up and falsifying their reporting while their Board and upper management took flight. At the end of the day they are scams. Just because the SEC has been so gutted since Reagan that they can't possibly catch these people every time they do shady things doesn't mean they aren't defrauding investors. Is Groupon doing this? Nobody can say for certain, but they have given reason to speculate... Furthermore, Mr. "Blame the Investors", what about the ratings agencies? LEH and BSC had AAA ratings up til the day they were insolvent. How does an investor do their "due diligence" when trusted sources like these are compromised by "pay to play" schemes themselves? It's worth discussing. Isn't it?