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but you have gone way overboard by comparing Groupon to boo, webvan, and kozmo. At least those companies had tangible assets to liquidate (boo had inventory, w
by byoung2 15y ago
but you have gone way overboard by comparing Groupon to boo, webvan, and kozmo.
At least those companies had tangible assets to liquidate (boo had inventory, webvan had a distribution network, and Kozmo had a stash of DVD's). Groupon has posted impressive revenue numbers (but still no profit) using an unsustainable model of aggressive spending on advertising and sales team headcount. With growth slowing, increasing backlash from merchants, and questions about their accounting methods, Groupon is on the decline. Maybe TheGlobe.com (http://en.wikipedia.org/wiki/TheGlobe.com http://en.wikipedia.org/wiki/TheGlobe.com) is a more fitting comparison.