Shares in Groupon plummeted more than 5.5 percent, raising questions about the viability of the daily deals site.
I am amazed it’s still valued as high as it is.
April 19, 2012 at 04:11AM via http://bit.ly/J8H2wL
Have to admit that it seemed like Ditto wasn’t catching on, and given the 30 April shutdown of the service, this could be a talent acquisition (or ‘acqui-hire’). We’ll have to keep looking at what Jyri and team cook up there, but there is always the possibility that Jyri will wander off and do something new.
Lets be clear. Groupon is for losers.
Shortlogic lays it out: Groupon can’t make money on a billion in revenue, so when will it start making money? The model doesn’t scale. And a pile of the money that they’ve raised has been paid out to founders and earlier investors, so a lot of folks are calling it a ponzi scheme, and the IPO is designed to cash out the investors who pout in a billion earlier this year.
It’s a mess.
Starting to remind me of Microsoft a decade ago, when they were trying to win on seven or eight fronts — PC O/S, IM, email, mobile phones, game systems, corporate IT, office apps, etc. — and meanwhile the web came along and screwed everything up, and gave serious advantages to others.
Now Facebook is fighting on seven fronts on so, and something is coming to upend their position at the center of today’s web: social O/S. Watch out, Zuck.
All those billions should be used to buy up promising tech companies, and these people would definitely add the needed social DNA to Google.