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I hope this signals the end of that bubble.
by rollypolly 14y ago
I hope this signals the end of that bubble.
- antr 14y agoI was recently talking to a friend working at a hedge fund, and the Groupon topic came up. They say that, after some deep analysis/valuation, Groupon ain't worth more than $1.5bn (max). He also said that many investors don't see Groupon as tech, so other companies thinking of IPOing anytime soon should be save from this disastrous company.
- arunoda 14y agoYes! I believe it. We are experiencing the same here in Sri Lanka. We had a great war of GroupOn like sites in past 6 months. But only one is working on it greatly. It is a FAD for me.
- R_Symtex_II 14y agoI doubt its even that, and I question the due diligence of the People at said Hedge Fund as Groupon has been using shadow banking and nefarious accounting to hide massive loses since its inception. http://www.valuewalk.com/2012/04/groupon-inc-grpn-accounting-issues-no-surprised/ http://www.valuewalk.com/2012/04/groupon-inc-grpn-accounting... There is no accurate way to place a (positive) estimate/valuation of the operation or its profitability, personally I doubt they even have operating capital since it took that dive earlier this month. It looked to me like the tail end of a significant short selling position finally came to fruition by insiders who got in early.