Groupon's IPO daily deal
50% off your stock price.
Groupon's IPO is back on track for late October or early November after a short-lived delay earlier this month. The daily deals site had cancelled its roadshow – the part of the process where it goes around trying to get people interested in buying its shares – which was due to take place this week. The cancellation prompted …
The key reason to go IPO as quickly as possible is to get a shitload of money out and hide it in swiss bank accounts so that when opprobrium and investigations inevitably follow he can be rich and despised rather than poor and despised.
I don't much fancy Facebook at the valuation they're given, but they've built a business and are welcome to ride the wave that's come with it. The morons trying to flog Groupon are clearly scam artists and anyone who doesn't run a mile is going to get seriously burnt.
Look, Groupon is doomed. The owners may as well get as much as they can before the whole thing collapses. Daily deal fatigue, deals that aren't really deals, and the fact that thousands of other companies are doing the exact same thing will be the killers of this company. They should have taken the $6 billion from Google. One of the great blunders in corporate history (at least in this current era of great corporate blunders).
http://mankabros.com/blogs/onmedea/2011/01/13/the-trouble-with-groupon/