5 ms·
Groupon itself was the one pushing poor metrics for valuation and hiring a bunch of salespeople they never intended to keep more than a year past IPO. They arti
by voronoff 12y ago
Groupon itself was the one pushing poor metrics for valuation and hiring a bunch of salespeople they never intended to keep more than a year past IPO. They artificially pumped their price, and should be derided for that even if they made money doing so.
- LanceH 12y agoIt's a good thing IPO's are professionally underwritten and that the only people with access to IPO shares are the sophisticated investors who surely saw through all of this.
- lmm 12y agoIt's a public offering; the defining characteristic of an IPO is that it means that the shares are available to be bought by widows, orphans, and general idiots, rather than just accredited investors.