Search Results for: groupon

Groupon’s a bust

Half their customers won’t use it again. On June 11  I suggested here that Groupon’s founder was a fool to turn down someone’s (Google’s?) huge buy-out offer. I’d tried using it and found it pretty worthless and that was a consumer, … Continue reading

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Groupon and other idiots

Having turned down $6 billion from Google, this unprofitable business is set to go the IPO route. The bankers will get richer, the suckers parted from their money once again and the Groupon founders may or may not make out. … Continue reading

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Wall Street: Okay, we did the muffin gig, now what other POS can we sell?

Fairways IPO opens at $13 (same price as Crumb’s, now trading at a buck, opened at in 2011) and climbs to $17.35  in opening day trading. Supermarkets haven’t exactly been a boom industry the past few decades but as long as … Continue reading

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So who’d they sell this junk to, and why did anyone buy it?

In the spring of 2011 Groupon’s founders turned down a $6 billion buy-out offer from Google in favor of going public and getting rich(er). Seemed like a pretty stupid decision to anyone who had ever tried a Groupon deal and … Continue reading

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The shorts are going to make a killing

Facebook to open at 99X earnings. Have any of the traders who are going to buy this thing ever actually used it? I opened an account to keep track of my kids and found it too obnoxious to use and never … Continue reading

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When even a dummy like me could have, and did predict this ….

Groupon shares fall below ipo price. Duh.

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And to think he turned down $6 billion from Google

I predicted this back in June, when the founder of Groupon turned down a $6 billion offer from Google in favor of an ipo this fall. His market has fallen apart. At $6,000, I suppose you tell the buyer to take … Continue reading

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