Quote:
Originally Posted by aic4ever
Not sure how excited I would be about this, or Groupon in general for that matter. From everything I have read, the company has yet to make a dime of profit, and projects its future profitability by ignoring its marketing costs.
This is the same kind of reasoning that developers have used to "make the deal work," that leaves us with half-finished, abandoned buildings all over the city.
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Ditto, most of what I have read likens their IPO to a ponzi scheme. Hard to believe that will all the cash they have rolling in that they are losing even more of it.