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Yes! 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 gre
by arunoda 15y ago
Yes! 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 15y 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.