Nuts!
http://www.bloomberg.com/news/2011-03-17/groupon-is-said-to-discuss-ipo-valuation-of-up-to-25-billion.html
I really can't see how it's worth anything like that...
Their sales are said to be on target for around $2 Billion this fiscal year, seems that they have picked the right time to IPO - their growth has to plateau soon.
Quotetheir growth has to plateau soon.
I would think so. Also, many companies are poised to swoop into the market space. I could imagine Yelp or even Amazon pulling off something very similar. Still, I remember when Google had their IPO and I thought everyone was nuts for buying in at $100/share.
Maybe time to sell ours...www.discountvouchers.co.uk and 4 million members::):)
Anyone want to buy??????
Doug
I want to Groupons presentation at LAC 2011. Really interesting stuff, plenty of money behind them. It will take a while to recoup it though I'd imagine.
Groupon updates IPO filing, admits it's unprofitable
http://money.cnn.com/2011/08/10/technology/groupon_accounting/
And...
"To summarize, Groupon is spending considerable money to acquire subscribers but those subscribers are buying less Groupons. Groupon is also spending considerable money to acquire merchants but are making less revenue per merchant. That's not good"
http://www.businessinsider.com/new-filing-reveals-groupons-oldest-markets-got-even-worse-2011-8
Quote from: inbound on March 18, 2011, 07:49:14 AM
Their sales are said to be on target for around $2 Billion this fiscal year, seems that they have picked the right time to IPO - their growth has to plateau soon.
Best time to sell assets is during their boom, before they're bust. :)
"That change reduces Groupon's stated revenue for 2010 to $312.9 million, down from the $713.4 million previously reported."
http://online.wsj.com/article/SB10001424053111903791504576589211214409214.html
Ding Dong, Daily Deals Are Dead
The thrilling demise of Groupon's crummy business model.
http://www.slate.com/articles/technology/technology/2012/08/groupon_earnings_report_the_daily_deals_site_s_crummy_business_model_is_finally_dead_hooray_.html
Yeah. I don't hear much about them anymore. Living social is the rage down in SoFL these days.
I actually called them to hear their pricing: merchant ends up w 25% of ticket price.
I wish I had margins on anything that big.