A Year After The IPO, Groupon Crashes To New All-Time Low

CommanderFrank

CommanderFrank

Cat Can't Scratch It
Joined
May 9, 2000
Messages
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Oh how far the mighty have fallen and it only took one year. Groupon’s stock has fallen from a first day opening price high of $30 to a new low of $4 a share. If you like skiing, it’s been a great downhill run for the past year.

Groupon is profitable, which many skeptics never thought it would be. But its original business, daily deals, has proved to be a much smaller opportunity than most people thought.
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I see London, I see France, I see Facebook stock also crashing harder than something that rhymes with France!

If anything, Groupon's stock should have shown that a "service" online business isn't that valuable.
 
They should have sold it when Google offered them almost 6 Billion, now it's a sinking ship that nobody wants.
 
ROFL!!! YOU MORONS SHOULD HAVE TAKEN THE 6 BILLION. MORONS!!!

I told them this was gonna happen. Now look. Idiots.
 
Greed = bad, mmkay?

Bet they'd take that 6 Billion now... not that anyone will ever offer it to them again.
 
I want to see FB tank like that.

Since day 1, I thought groupon deals sucked. Nothing more than shitty local deals.
 
dr.kevin said:
I want to see FB tank like that.

Since day 1, I thought groupon deals sucked. Nothing more than shitty local deals.
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I don't know where you live, but here the deals were great. Bogo deals on lots of great places to eat, we went out with a groupon at least once a week. Now all I get are deals for stupid shit like shiatsu massages and teeth whitening kits.
 
B2BigAl said:
Now all I get are deals for stupid shit like shiatsu massages and teeth whitening kits.
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see. looks like good deals are a thing of the past for you too.

if there were any good deals, those shops probably just wanted to test drive groupon, only to later realize that groupon is a piece of shit.
 
Generally loss leader type of deals only work for large retailers or chain stores. I think many small businesses were finding that when they got these groupon clients in their restaurant or store they weren't buying a lot of extra things. They were just basically coupon clippers who are tight with money.
 
bacon said:
Generally loss leader type of deals only work for large retailers or chain stores. I think many small businesses were finding that when they got these groupon clients in their restaurant or store they weren't buying a lot of extra things. They were just basically coupon clippers who are tight with money.
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This is true for me. I've bought a bunch of offers and I rarely spend extra or return to the places.

Also it doesn't help that most places treat you like a second rate citizen once you show them the Groupon offer...
 
ocellaris said:
Also it doesn't help that most places treat you like a second rate citizen once you show them the Groupon offer...
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Which is fucking stupid since they were the ones who made the offer available. Those kind of places DESERVE to go out of business.
 
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