So, I have hated pretty much every internet IPO in the past 12-18 months because, frankly, they have all been hot garbage in the rain.
However, even in my beariest dreams, never would I have imagined the fall from grace that GRPN has experienced. I mean, sweet mother of Zeus, that thing has gone off the cliff. At $2.90, it's looking at a 1 year return of -89%. That's just astounding.
No point to this thread other than to point and laugh at people not knowing when to sell their business.
Maybe I'll buy some in hopes that GOOG will come in and swoop them up in a takeover for a premium.
Wow..the market is essentially saying the Company is worthless.
They never reigned in their customer acquisition costs. Their accounting in their IPO was sketchy.
I am just shocked that LinkedIn is doing so well. I'm not sure where they make money. Advertising? Don't see many ads. Subscriptions? Yeah..but there can't be that many premium subscriptions..can there?
Yeah, I get that they tried to create a facebook for grown ups. I guess they banked on user-created leads for salespeople. I guess they figured the advertisement money would come at some point? It still has potential, though, IMO.
econ85 Longwood Fan Member since Nov 2012 572 posts
re: Groupon: The dumpster fire of tech stocks(Posted by econ85 on 11/17/12 at 4:52 am to BigBoyTiger)
quote: I am just shocked that LinkedIn is doing so well. I'm not sure where they make money. Advertising? Don't see many ads. Subscriptions? Yeah..but there can't be that many premium subscriptions..can there?
LinkedIn is one of the top 3 options for recruiters (with Monster and CareerBuilder). They sell job postings and premium accounts (for recruiters). I think they will do pretty well and will eventually get bought out by someone.