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Why Groupon Not As Rosy As It Appears

Posted by Soulskill on from the double-edged-sword dept.

Rambo Tribble writes "CNN is running an article detailing the dubious history of Eric Lefkofsky, Groupon's chairman and largest shareholder. It would seem Mr. Lefkofsky has an extensive history of taking investors' money for himself, then bankrupting the businesses invested in." Another article posted today at TechCrunch explores one businesswoman's story of how working with Groupon was the single worst business decision she ever made.

1 of 190 comments (clear)

  1. If it walks like a duck... by gklinger · · Score: 5, Interesting

    I highly recommend reading an article titled Groupon is Effectively Insolvent in which the author draws a compelling parallel between Groupon and a Ponzi scheme.