Thread: 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

Groupon down 70%, Facebook down 46%, Zynga down 70%. Ouch, ouch, and more ouch.

-Markus-

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 would rather have 10% of something instead of 100% of nothing" -me

i have always said groupon is over rated. the only thing they did well is promote the whole daily deal business model.

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.

Originally Posted by Race Minded

"I would rather have 10% of something instead of 100% of nothing" -me

You're def the first person to say something like that lol

Originally Posted by IamStephen

You're def the first person to say something like that lol

Lol seriously, like I haven't heard that quote about 100 million times.

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.

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.

Sent from my DROID BIONIC using Tapatalk 2

Pretty obvious this was going to happen.