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The NYT is reporting [1] that Groupon was only (!) $1M from breaking even in the third quarter, in part because marketing expenses were sharply reduced. Also,
by gammarator 15y ago
The NYT is reporting [1] that Groupon was only (!) $1M from breaking even in the third quarter, in part because marketing expenses were sharply reduced.
Also, apparently they're not allowing any current shareholders to sell during the IPO. Fine for Mason and the Lefkofskys, who took a pile of money off the table early, but if I were an early employee I would be livid.
[1] http://dealbook.nytimes.com/2011/10/21/groupon-nears-a-profit-and-seeks-16-to-18-a-share/?hpw http://dealbook.nytimes.com/2011/10/21/groupon-nears-a-profi...
- suking 15y agoIt's very common to not be able to sell for 6 mos - nothing new.
- mjbellantoni 15y agoI wonder to what degree the marketing expenses were reduced in order to pretty up the numbers leading up to the IPO. It will be interesting to see if their expenditures return to previous levels after the IPO or if their revenue will suffer from the cutback.