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(Bloomberg)   Groupon CFO says there will be no change to their business model after CEO exit. Translation: They'll keep bleeding money like a severed artery   ( divider line
    More: Fail, Groupon Inc., Groupon CFO, chief financial officers, CEO, Ted Leonsis, Deutsche Bank AG, money-making  
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645 clicks; posted to Business » on 07 Mar 2013 at 9:53 AM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2013-03-07 03:39:26 PM  
1 vote:

KFBR392: Rapmaster2000: Even without the flaws in the business model, the fact that it was easily replicated and had low barriers to entry told you that investing in any singular daily deal entity was a bad idea. This is pretty basic business theory.

I can't believe that Google offered $6B for it. Is there some Silicon Valley mania that causes rational people to think that any new thing is the next big thing?

1. They were first to market and they were/are the biggest name. There are kids in highschool who could write the code for facebook, but they don't have a billion users. Heck, look at Coca-Cola; flavored sugar water that can be perfectly copied around the world...and they are still #1.

This is wrong on a few counts.

1.  FB wasn't first to market.  It was third.  That's why I don't see the value in first-mover advantage when your model is easily replicated.  It doesn't look like MySpace's mover advantage over FB did it any favors.

2.  Coca-Cola doesn't sell "sugar water".  It sells 100+ years of brand equity.  You're confusing the physical product with what that physical product truly delivers.  It would take billions of dollars and a hundred years for Sam's Choice Cola to sell what Coca Cola sells.

The point is, Groupon is easily replicated... which is why it has been easily replicated.
2013-03-07 01:39:51 PM  
1 vote:

SacriliciousBeerSwiller: There are some very bright people working at Groupon...this I know for a fact. I don't understand how their operations are so hamfisted. Granted, the business model sucks, but even taking that into account it's like they aren't even trying.

Every position below the executive level is staffed by people that are absolutely incapable of working for a big boy company.

Jerry Westerby: I know a guy that works there.  A big group of us went to the beach for vacation last year, and he offered to bring a bunch of Groupon stock to build a bonfire.

If he bought Groupon stock he was obviously not one of the very bright people mentioned above.
2013-03-07 11:14:08 AM  
1 vote:
I know a guy that works there.  A big group of us went to the beach for vacation last year, and he offered to bring a bunch of Groupon stock to build a bonfire.
2013-03-07 10:06:22 AM  
1 vote:

skozlaw: I keep getting offers for laser hair removal and massage therapy from Groupon. The only offer I ever took them up on was a Cisco training voucher. I don't understand the connection.

Maybe they thought you meant Sisqo?

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