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08-15-2012, 03:29 AM #1
Groupon ... What a mess
Should have taken the 6 billion, Groupon would have been a different company under Google with their scale and reach.
This just reminds me of a lesson I constantly tell myself, and sometimes forget ... Greed kills, always ...
Groupon: what a mess
08-15-2012, 03:34 AM #2
Groupon down 70%, Facebook down 46%, Zynga down 70%. Ouch, ouch, and more ouch.
-Markus-"Silence your enemies with success"
"Tears will get you sympathy, Sweat will get you results"
08-15-2012, 03:42 AM #3
The founders and early investors at GroupOn and Zynga have cashed out hundreds of millions of dollars. They don't give a shit anymore lol
Also, there's nothing wrong with greed. Everyone is greedy. To quote Mr.Gekko "Greed is good."I'm the resident L4P app guy
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* = the opposite of what I really think.
08-15-2012, 04:46 AM #4
"I would rather have 10% of something instead of 100% of nothing" -meOnly when the tide goes out do you discover who's been swimming naked - Warren Buffett
Amat Victoria Curam - "Victory Loves Preparation"
08-15-2012, 05:30 AM #5
i have always said groupon is over rated. the only thing they did well is promote the whole daily deal business model.
08-15-2012, 12:39 PM #6
I think half of GROUPON's email collection is bullsh!t now, everytime I check there site I use a fake email because I don't need my account spammed, not that its significantly more expensive to email, just their quality of data is getting weak. Also as someone who worked with a small company that did a GROUPON offering, it overwhelmed us, cost us a significant amount of expense for addition equipment/temp employee's/etc, and you basically don't make any profit on the offering, you sometimes loose money, but are advised to write down the negative profit as an "advertising expense." We saw sales/website traffic diminish to normal levels about a week after as well.------
The only place where success comes before work is in the dictionary
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08-15-2012, 04:49 PM #7
08-15-2012, 08:37 PM #8Banned
- Join Date
- Dec 2011
- Houston, Texas / Paris, France
The problem with GRPN is that the actual business model isn't sustainable. It just so happens that its hitting them hard now. Could've been last year, next year, etc. but it WAS going to happen at some point.
08-15-2012, 08:43 PM #9
Hot one day and not the next looks to be the case in the tech industry. That's why I've always been worry of putting my pennies in.
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08-15-2012, 08:59 PM #10