Fast growing Groupon files for $750 million IPO despite $522 million deficit - GeekWire - http://www.geekwire.com/2011...
Jun 2, 2011
from
"Groupon boasts 7,000 employees and more than 83 million subscribers in 43 countries, an amazing achievement for the young company. It also generated revenue of $644 million during the first quarter. But it is still losing money, posting a net loss of $102 million for that period and has an accumulated deficit of $522 million."
- Brian Sullivan
Personally I think that the whole Groupon venture will end in tears.
- Brian Sullivan
I just removed that useless app from my iPod. Would be nice if they offered less pedestrian/more interesting offers here locally.
- Anika
I think the whole thing is scammy -- kind of like DirectBuy for the internet.
- Brian Sullivan