3 ms·
Just when you thought it couldn't get worse... Groupon is just a slow-motion train wreck (which everyone still seems to want to get a ride on, oddly).
by incongruity 15y ago
Just when you thought it couldn't get worse...
Groupon is just a slow-motion train wreck (which everyone still seems to want to get a ride on, oddly).
- ChuckMcM 15y agoActually I read the press as Groupon is having a hard time selling seats on the train. Not that I know anything of course. The analysis that the small float is an attempt to keep the per-share price high(er) and the valuation somewhere up from their last round, is spot on. If I were a betting person I'd give them 50/50 odds that they can't get the offering fully subscribed even with Goldman's using its deep pockets to cover unsold shares.