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TheHiddenFlask 
Clemson Fan
The Welsh red light district
Member since Jul 2008
16386 posts
| Groupon: The dumpster fire of tech stocks (Posted on 11/15/12 at 4:57 pm)
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.
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schlow mo 
Mississippi St. Fan
New Orleans
Member since Feb 2010
5092 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/15/12 at 4:59 pm to TheHiddenFlask)
You know someone will buy those idiots
Maybe TD money posters should pool their OT wealth and make a bid
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BigBoyTiger 
LSU Fan
Chicago
Member since Aug 2005
8507 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/15/12 at 5:11 pm to TheHiddenFlask)
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?
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The Egg
LSU Fan
Houston, TX
Member since Dec 2004
55952 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/15/12 at 6:05 pm to TheHiddenFlask)
god damn, GOOG was willing to buy for like $6B or some shite last year.
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Tigah in the ATL
LSU Fan
Atlanta
Member since Feb 2005
20692 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/15/12 at 6:21 pm to TheHiddenFlask)
Buffet says never invest in technology.
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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16386 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/15/12 at 6:44 pm to Tigah in the ATL)
Buffet is a washed up goon.
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oldschoolgreats
LSU Fan
Member since Nov 2012
441 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/15/12 at 7:16 pm to TheHiddenFlask)
really, he one of the world's richest men. good definition of washed up goon!!!! I hope to obtain that!!!!!!
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gatorsimz 
Florida Fan
cafe risque
Member since Feb 2009
5237 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/15/12 at 8:39 pm to TheHiddenFlask)
I remember when it went public a year ago. Was discussing the IPO in class and I said I wouldnt buy, I couldn't see the stock advancing. Never liked the business model.
I haven't looked at its fundamentals but I still wouldn't buy, not long term at least.
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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16386 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/15/12 at 9:05 pm to oldschoolgreats)
Rome was once great too.
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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
9561 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/15/12 at 9:46 pm to TheHiddenFlask)
Wasn't it Jersey trying to warn everyone about that crappy stock during IPO ?
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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16386 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/15/12 at 9:57 pm to Zilla)
It was me.
I don't think jersey was even still posting.
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foshizzle
LSU Fan
Member since Mar 2008
25158 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/15/12 at 10:55 pm to TheHiddenFlask)
quote:
Buffet is a washed up goon.
Don't hold back now. Say what you really think.
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donRANDOMnumbers
Lafayette Rouge
Member since Nov 2006
9767 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/16/12 at 12:42 am to TheHiddenFlask)
I've thought about jumping in now based on the buyout reasoning.
Groupon to me is a fad type of thing and I never expected it to last.
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jso0003 
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4459 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/16/12 at 5:29 am to donRANDOMnumbers)
Groupon is an interesting business model.... But I look around and see no one ever using it.
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LSU0358
LSU Fan
Member since Jan 2005
4591 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/16/12 at 7:35 am to TheHiddenFlask)
Didn't these guys take it public having never shown an actual profit?
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FatDrunknStupid 
SMU Fan
My Office
Member since May 2011
311 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/16/12 at 2:04 pm to LSU0358)
quote:
LinkedIn
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.
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Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
36377 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/16/12 at 2:58 pm to Tigah in the ATL)
quote:
Buffet says never invest in technology.
He was wrong as he was referring to the cotton gin.
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Blakely Bimbo 
Alabama Fan
Member since Dec 2010
760 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/16/12 at 4:23 pm to Catman88)
In recent SEC 13F filing, Soros took a 2.5 million share stake in Groupon.
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DriveByBBQ 
USA Fan
Willard's Garage
Member since Jan 2011
3876 posts
| re: Groupon: The dumpster fire of tech stocks (Posted on 11/17/12 at 12:58 am to Tigah in the ATL)
quote:
Buffet says never invest in technology.
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econ85
Mercer Fan
Member since Nov 2012
57 posts
| re: Groupon: The dumpster fire of tech stocks (Posted 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.
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