Exactly my reaction. Even reading only the headline, "The Missed Red Flags of Groupon", my first reaction was "who missed them?" From the owners taking 90% of

Exactly my reaction. Even reading only the headline, "The Missed Red Flags of Groupon", my first reaction was "who missed them?" From the owners taking 90% of the investors money for themselves, the fact their advertising costs almost match their sales, the fact that they make $270 million Q1'11 and still managed to lose $140 million... it all smells. Groupon is a Ponzi scheme, and all the so-called smart investors and underwriters are just hoping to cash out before the pyramid collapses. There is nobody who seriously things this is a real long term sustainable business is there? Can't be.