Trying to get in on the action this time.

Hosebag: If I had the money, I'd short the hell out of Groupon. It's gonna fall. Hard.

This. It's probably the real reason why all those people are clapping.

I thought Groupon was already on a death spiral?

Balchinian: Hosebag: If I had the money, I'd short the hell out of Groupon. It's gonna fall. Hard.

This. It's probably the real reason why all those people are clapping.

I got mine suckas.

Selling dollars for ninety cents is a business model again, apparently.

The surest sign you're in a bubble: People telling you why this time it's completely different and old rules of accounting or valuation don't apply any more.

Bubble 2.0 won't be as harsh as 1.0 because some companies actually make money. The problem with the first .com bust was that people weren't comfortable buying things online and people vastly over-estimated ad revenues. Now maybe the big crash will come when people begin to question the value of information collection and exchange. Facebook is worth billions because they can sell info to companies about demographics, trends and all that other bullshiat marketing departments blow their loads too but what if people stop wanting that info because it is overvalued or pointless.

Cuphat: I thought Groupon was already on a death spiral?

It's the pre-dead-cat-bounce

impaler: Wall Street has lost its 'fundamentals.' This is just more proof of that.

Did Wall Street ever have people who understood "fundamentals"? Wall Street is all about uneven knowledge, disinformation, & a willingness to do stupid shiat.

As long as there's a greater fool, who cares? You can't trust fundamentals anyway... the real purpose of financial reporting is to mislead your competitors, your investors, and your regulators. There's nothing but human guile and the greater fool.

Forget financials. They will always lie, no matter how solid they seem. What is steel compared to the hand that wields it?

/People can make fun of MBAs all they want, but I don't see how they are the center of the cancer. Used Car Salesmen or Monkeys With Dartboards are just as useful as MBAs in this sort of financial environment.

Faddy: Bubble 2.0 won't be as harsh as 1.0 because some companies actually make money. The problem with the first .com bust was that people weren't comfortable buying things online and people vastly over-estimated ad revenues. Now maybe the big crash will come when people begin to question the value of information collection and exchange. Facebook is worth billions because they can sell info to companies about demographics, trends and all that other bullshiat marketing departments blow their loads too but what if people stop wanting that info because it is overvalued or pointless.

The problem with the first dot.bomb was that there was never anything but a shell game. People just went all Tulip Bulb and chased after paper revenues & profits. It was all fake, and so we got SarbOx.

We got fuggin Frank-Dodd to fix the recent problem, and we'll get something equally lame for the next bubble.

/I can has bailout to? K THX

Jacobin: Cuphat: I thought Groupon was already on a death spiral?

It's the pre-dead-cat-bounce

The bankers already made thier cash and the early investors will sell off the shares before the big price drop.

If Google didn't want to buy the company because the books looked bad, then why would anyone else think Groupon's stock is a good investment?

This will not end well.

I want a special local deal on popcorn to see Groupon's epic fail. They're not like Google or Amazon who lost money for years as they were building their infrastructure. Groupon have huge numbers of sales staff, phoning companies to make deals. So, the losses are going to keep going.

And really, anyone can do this shiat. I know a company in the UK doing voucher deals with half a dozen developers and 30 sales staff. That doesn't put you in the same league as Google - not even farking close.