A bit more than a year ago, I started writing about Groupon right here on Quora. At the time, the first S-1 had just been released. Groupon's investment bankers were touting a $35 billion valuation for the coupon company. Today, the company is trading at less than 10% of that, about $3 billion.
A very special Qu-pon: I'm discounting my coffee from 40,000 Quora credits to 10,000 credits.
This promotion runs for 1 week only and is to commemorate Groupon's stock falling 75% from its IPO price -- $20 to $5.... (more)
Some of you undoubtedly noticed that I didn’t write up my views on Groupon’s earnings.
It’s not because Groupon suddenly proved that I’ve been wrong for the past year. To the contrary, Groupon’s earnings report reinforced everything I believe about the company. Since earnings, I’ve bought even m... (more)