Quote:
Originally Posted by jtfrogger
Thanks for the update on the refund. I'm glad it worked out for you.
Based on their IPO filing, Groupon is losing $117 million per quarter and only has $208 million in cash. Their profitability is based on them growing. If their volume goes down, they will cease to exist.
It will be interesting to see what happens with them.
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That's interesting, I figured on the Groupon end it would be pure profit. They take 50% of the profit and don't do anything. Advertising is word of mouth referal based. They must have a messed up expense structure somewhere.
The biggest weakness in groupon is that they aren't really anything other than a mailing list. Other than that list anyone can set up the identical company.