> Weak analysis. The first point doesn't make sense. Not at all. You just didn't get it at first glance. The email list itself isn't public, but by its very n

> Weak analysis. The first point doesn't make sense. Not at all. You just didn't get it at first glance. The email list itself isn't public, but by its very nature, use of Groupon is. Anyone who wants to market to those customers can just email marketing@groupon's.customer.com and find a qualified and interested customer - just itching to save more money. Groupon's chunk is HUGE for what they provide. > consumers go where deals are, businesses go where consumers are It's not that anyone goes, that's so bricks and mortar it's funny. Nobody (who likes coupons) is put out by reading another page or another email. They seek this stuff out. It's what they do. And businesses don't need to "go" anywhere either. They simply file exactly the same coupon on two sites, like a person selling a couch on craigslist and kijiji. As for their gross, wake me when they've got a net that isn't an accounting error. They're approximately 13 billion years from earning that $11 billion market cap if you're speaking actual money, that they have to make. And that's before anyone investing will see a nickel of profit. I too though, suspect that number will go up wildly. Which of course will pay the initial investors a ton of money, driving the value higher as all the late-to-the-party investors jump in hoping for their piece. It should sustain a round or two of this. The good ones do.