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Groupon[0] was also considered a "money printing business" at the time of their IPO. But post IPO they had to open their kimono and everyone found out that it
by yumraj 4y ago
Groupon[0] was also considered a "money printing business" at the time of their IPO.
But post IPO they had to open their kimono and everyone found out that it was all just funky accounting. They went from reporting a positive operating income of $60.6 million for 2010 to an operating loss of $420 million for 2010 after proper accounting.
[0] https://en.wikipedia.org/wiki/Groupon https://en.wikipedia.org/wiki/Groupon
- twelve40 4y agoI dunno, I haven't really bought into Groupon hype. Its easy to imagine life without coupons. It's much harder to imagine life without payment processing. For all of its flaws, Stripe is plugged into almost every online business I've worked with, so I'd say they are in a position that is harder to screw up than Groupon. But possible, of course.