While I have an account, I’ve never actually used Groupon. And I may never use Groupon. It’s just not really my thing. But the massive backlash following the company’s S-1 filing (so they can IPO) strikes me as a bit odd.
The fast rising consensus now in certain tech circles is that Groupon is essentially a Ponzi scheme (Grouponzi, FTW). The fact that their net income is well underwater (and going deeper) has everyone freaking out. As does the fact that some of the original investors (as well as founders) took hundreds of millions off the table in the last huge round.
But I’m more with Joe Stump on this. You cannot overlook the fact that they’re also making hundreds of millions of dollars each quarter now. The run-rate for this year could be over $3 billion.
You may have heard of the Mobile Marketing Conference that was held last April 7 and 8. One of the co-organizers of that conference was the Mobile Marketing Association (MMA). Did you know that MMA is a global organization? Did you know that they’re also holding an event in Singapore from…
“I wouldn’t mind working for an ad agency either. In creative jobs there’s no right answer. If you get good results with one out of three random tries, you’ll be hailed as a genius.”—Scott Adams (Dilbert and The Way of the Weasel, 1997)