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Most businesses don't spend more money to aquire new customers than the lifetime value of that customer. There's a reason the term ponzi scheme is being used b
by freshhawk 15y ago
Most businesses don't spend more money to aquire new customers than the lifetime value of that customer.
There's a reason the term ponzi scheme is being used by the business news, and it's not because they don't know how businesses work.
- cbr 15y agodon't spend more money to aquire new customers than the lifetime value of that customer. If groupon thought they were doing this they would stop.
- freshhawk 15y agoWhy? It's entirely possible they are doing this, it's also possible they don't believe they are doing this. Either way, they are making a lot of money and the early investors have already been paid off very well. So if this is the case why would they stop until they run out of new cities?