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Groupon Not Doing So Well On Wall Street

Posted by Unknown on from the bad-business-idea-is-bad dept.

bdking writes "Shares of the daily-deals site were up Tuesday, but Groupon's ride on Wall Street since going public in early November has been almost all downhill. And there's no evident catalyst to reverse the slide." From the looks of it, Groupon is blowing all of its money attempting to expand in the face of ever-growing competition in a market with trivial start-up costs.

4 of 140 comments (clear)

  1. trying to figure out how this would work by Anonymous Coward · · Score: 5, Funny

    If 50,000 people each agree to buy 10 shares of AAPL, Apple will give them the stock for 20 percent off and then give half the proceeds to Groupon?

    Nah, I don't think they'd go for that.

    1. Re:trying to figure out how this would work by alvinrod · · Score: 5, Funny

      It's very similar to when eBay acquired Paypal. Paypal sold itself on eBay and eBay paid for the auction using Paypal. No one is still entirely sure how that works, but one investor was quoted as saying, "Favorably."

  2. Get your groupon stock now! by sociocapitalist · · Score: 5, Funny

    50% off, limited time only!

    --
    blindly antisocialist = antisocial
  3. Re:Show me the money by Anonymous Coward · · Score: 5, Funny

    I stopped reading at your last comment because the fixed width font hurts my eyes.