4 ms·
Groupon comes to mind as another one, relevant to the propped-up-by-ad-spend part of this story. They IPO'd at a valuation of $12.7 billion in 2011, and have si
by _delirium 12y ago
Groupon comes to mind as another one, relevant to the propped-up-by-ad-spend part of this story. They IPO'd at a valuation of $12.7 billion in 2011, and have since lost about 2/3 of that market value. However as a post-IPO loss of market value it doesn't implicate the same sorts of things described in this article.
- funkyy 12y agoPoor market bet imo, Groupon is great at what it does no matter valuation. I would be very sad seeing it to run in serious issues due to its dropping valuation.