Saturday, June 4, 2011

Why Investors Might Pass On Groupon IPO

David Heinemeier Hansson: "At the moment, it’s costing them $1.43 to make $1, and it doesn’t look like it’s getting any cheaper. They’re already projected to make close to $3 billion in revenue this year. If you can’t figure out how to make money on 3 billion in revenue, when exactly will the profit magic be found? 10 billion? 50 billion?"

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