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Groupon: The dumpster fire of tech stocks
Posted on 11/15/12 at 4:57 pm
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.
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.
8
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
Maybe TD money posters should pool their OT wealth and make a bid
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?
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?
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.
Posted on 11/15/12 at 6:21 pm to TheHiddenFlask
Buffet says never invest in technology.
Posted on 11/15/12 at 6:44 pm to Tigah in the ATL
Buffet is a washed up goon.
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!!!!!!
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.
I haven't looked at its fundamentals but I still wouldn't buy, not long term at least.
Posted on 11/15/12 at 9:05 pm to oldschoolgreats
Rome was once great too.
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 ?
Posted on 11/15/12 at 9:57 pm to Zilla
It was me.
I don't think jersey was even still posting.
I don't think jersey was even still posting.
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.
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.
Groupon to me is a fad type of thing and I never expected it to last.
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.
Posted on 11/16/12 at 7:35 am to TheHiddenFlask
Didn't these guys take it public having never shown an actual profit?
Posted on 11/16/12 at 2:04 pm to LSU0358
quote:
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.
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.
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.
Posted on 11/17/12 at 12:58 am to Tigah in the ATL
quote:
Buffet says never invest in technology.
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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