Thread: Just put them out of their misery

The top two offenders on my list are Groupon and Bestbuy. Every day the news just gets worse for these guys. Someone give them the double taps to the back of the head so life can go on.

Groupon. Not paying up

Groupon works with merchants to sell discounted goods through its platform. The website collects the funds as the deals are sold, takes a cut of the sales -- typically half -- and disperses the rest to the vendor in three separate installments. But when those payments are slow to arrive, businesses suffer from the surge in customers without a corresponding boost in revenue.

"Groupon still hasn’t paid us the $2,700 it owed us on August 9th. So we got fed up and told the rep we would not continue to honor the deal without payment,” Roitman told HuffPost. “His reply was to threaten us with a lawsuit.”

http://www.huffingtonpost.com/2012/0...Small+Business

Bestbuy. The lyrics by Jay-Z "i got 99 problems but a bitch aint one" sums up their problems. Where do I start? They wont match online prices, their sales people are a joke, their blacktie program is a scam, many of their products are being phased out by mobile and cloud services... Come to think of it...

The CEO was fooling around with a female employee not long ago. Guess we need to change that song title to "I got 99 problems but a sandwich aint one"

http://www.huffingtonpost.com/2012/0...ml?ir=Business

Feel free to add to this list.

So your' say'n its a nice short?

Best buy salesmen are great... for the first three months that they work there, then they become full on douchebags once they realize that working at bestbuy is nothing special. ie a friend of mine.

I would add facebook to this list but they're probably not going out of business any time soon.

Originally Posted by Stance

I would add facebook to this list but they're probably not going out of business any time soon.

IMO, facebook was doomed from the start and I called it.. (granted the over-valued part caught me off guard). While everyone else was saying that them IPO'ing would bring their company expansion, fortune and blah blah blah, all I could do was look at the situation and tell that it was the beginning of the end of their cycle as "the" social network.

As for the others; I think best buy wont be around in the future, but its hard to tell how long they will stay in the game. Groupon on the other hand.. I should've gotten my short on a while back when they started falling apart. Now its all about guessing where their floor is (or if they have one!)

Bestbuy matches prices from Amazon.com - as long as it ships from Amazon, they match it. They are convenient and as long as they match Amazon, I'm okay with it.

Facebook was never "doomed" they did exactly what they planed. Over hype everything and keep hyping it up then dump it. The guys that were smart and owned parts never planned on riding anything but to dump it the second it could be sold. I'm sure the market gurus on here would agree that it was the smart approach, especially for a new to be traded company with more media attention than the iraq war.

Originally Posted by TheYoungConnoisseur

Facebook was never "doomed" they did exactly what they planed. Over hype everything and keep hyping it up then dump it. The guys that were smart and owned parts never planned on riding anything but to dump it the second it could be sold. I'm sure the market gurus on here would agree that it was the smart approach, especially for a new to be traded company with more media attention than the iraq war.

Yes, you are right! Hit the nail on the head. If you watch the news, slowly each executive with vast ownership of Facebook is cashing out and loving it. No one will care until Zuckerberg abandons ship and take his cash and runs.

I agree with what the two above me said. I was looking at it from the other angle in my previous statement. I know the "executives" are banking off of facebook. I am simply looking at it from the standpoint of the "at home investor". It was obvious to me that its value per share was never going to go up based on company value (on hype, sure).

I know my terminology sucks, sorry haha. My background is not in finance