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08-14-2012, 07:37 PM
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#101
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Diamond Member
Join Date: Feb 2000
Location: Canada
Posts: 7,710
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Hoochi mama... Down 27% today. Damn.
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08-14-2012, 08:47 PM
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#102
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Diamond Member
Join Date: Sep 2004
Location: Bay Area, CA
Posts: 6,189
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Quote:
Originally Posted by Destiny
$70 can be counted as COG purchased from merchent - but the funny thing is Groupon Goods never takes ownership of the product and is more like a drop ship thingy... but they are correct in stating it is "Gross Revenue" but it will be wrong if they counted it as "Net Revenue" or "Operating Revenue."
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Its a EITF-99-19 issue - you can read the literature here: http://www.fasb.org/pdf/abs99-19.pdf
It would be surprising if the SEC does not call them out on this but I suspect GRPN and their auditors EY successfully argued this with the SEC earlier this year when they had to change their "gross vs net" accounting and restate earnings.
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09-03-2012, 09:45 PM
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#103
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Diamond Member
Join Date: Feb 2011
Posts: 9,639
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This joke should be under $4 soon, it's almost there now.
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09-03-2012, 10:08 PM
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#104
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Platinum Member
Join Date: Feb 2004
Posts: 2,346
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It'll be a penny stock soon.
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09-03-2012, 10:22 PM
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#105
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Grand Nagus
Join Date: Feb 2000
Posts: 73,120
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Quote:
Originally Posted by busydude
They should have let Google take over. It would make a great case study I suppose.
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I'll bet you they really regret not accepting the $6 gazillion.
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09-03-2012, 10:25 PM
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#106
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Administrator
Elite Member
Join Date: Mar 2001
Location: Western NY
Posts: 40,277
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They seem to get nothing but negative press too. For every 1 company that's happy with them, there are dozens who regret using them for advertising.
I wonder if Google might consider picking it up for cheap now & re-inventing it?
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09-03-2012, 10:33 PM
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#107
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Grand Nagus
Join Date: Feb 2000
Posts: 73,120
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Quote:
Originally Posted by DrPizza
I wonder if Google might consider picking it up for cheap now & re-inventing it?
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How much do you think Google would offer? I'm thinking under or around $200-$800 million.
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09-03-2012, 10:42 PM
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#108
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Administrator
Elite Member
Join Date: Mar 2001
Location: Western NY
Posts: 40,277
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Well, let's see. Originally weren't the valued at double what Google offered? Now they're at one fifth the stock price; so maybe worth 2 billionish, on paper? Yeah, that $200 to $800 million range sounds reasonable. It's a household name; but Google would really have to do something innovative to change the way they're viewed by businesses.
Edit: roughly 650M shares; a little over $4 a share, so current value is roughly 2.7 billion. I think they'll have to let them tank a little while longer to get a controlling interest for that range.
Last edited by DrPizza; 09-03-2012 at 10:57 PM.
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09-03-2012, 10:43 PM
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#109
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Lifer
Join Date: Nov 1999
Posts: 20,399
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Groupon more like Poopon, amiriteguys?
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09-03-2012, 11:50 PM
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#110
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Lifer
Join Date: Oct 1999
Location: Cheyenne mountains, CO
Posts: 10,547
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It's likely Google looked at their books, said "no", then let Groupon save face by having them back away.
__________________
moral indignation is jealousy with a halo - h.g. wells
夜思 - 床前明月光, 疑是地上霜. 舉頭望明月, 低頭思故鄉
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09-03-2012, 11:52 PM
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#111
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Administrator
Elite Member
Join Date: Mar 2001
Location: Western NY
Posts: 40,277
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Quote:
Originally Posted by jhu
It's likely Google looked at their books, said "no", then let Groupon save face by having them back away.
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Google offered them 6 billion. Now, I'm pretty much a noob at the stock market, but there were 650 million shares originally at $20 per share. That adds up to more than double what Google offered them.
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11-09-2012, 01:57 PM
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#113
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Lifer
Join Date: Aug 2000
Location: Aug 2000
Posts: 26,248
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Profit was $0.00 per share ($.03 expected), with revenues of $568m.
They really seemed to be pushing for profit lately too. Their best deals were invitation only (more attractive to marketers) or cash only (no groupon bucks etc.)
That said, they aren't running at a loss. This might be worth buying some dead cats.
__________________
Last edited by jjsole; 12-11-2012 at 11:59 PM.
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02-28-2013, 06:26 PM
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#114
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Diamond Member
Join Date: Apr 2002
Posts: 9,305
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lolololol
CEO Fired after Ridiculously Poor Earnings
http://arstechnica.com/business/2013...poor-earnings/
this is what happens when you spend all your time on 4chan
Quote:
Mason likened his time at Groupon to a 1991 video game, Battletoads.
“If Groupon was Battletoads, it would be like I made it all the way to the Terra Tubes without dying on my first ever playthrough. I am so lucky to have had the opportunity to take the company this far with all of you. I’ll now take some time to decompress (FYI I’m looking for a good fat camp to lose my Groupon 40, if anyone has a suggestion), and then maybe I’ll figure out how to channel this experience into something productive.”
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02-28-2013, 07:25 PM
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#115
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Diamond Member
Join Date: Sep 2006
Posts: 5,319
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Quote:
Originally Posted by PottedMeat
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i heard you can pick up battletoads at your local gamestop
__________________
She was a broad and burly man, her name was Brian Manahan.
Five foot three, built like a tree, she sat to poop and stood to pee.
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02-28-2013, 07:34 PM
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#116
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No Lifer
Join Date: Dec 2000
Location: Northern IL
Posts: 58,710
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I'm shocked groupon is doing so bad! shocked i tell you!
__________________
Zombie Crew member! I WILL SURVIVE!
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02-28-2013, 07:40 PM
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#117
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Diamond Member
Join Date: Feb 2000
Location: Canada
Posts: 7,710
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Meh, he probably got a huge severance package and made more than a killing during his stint there.
CEO: The job where you win no matter how poorly you do.
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02-28-2013, 07:48 PM
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#118
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Moderator
Programming
Join Date: Sep 2005
Posts: 8,290
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Quote:
Originally Posted by Imp
Meh, he probably got a huge severance package and made more than a killing during his stint there.
CEO: The job where you win no matter how poorly you do.
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Well, he presumably had a bunch of founders stock and sold a big chunk of it in the IPO. That's usually how these things go. So yeah, he will have done fine.
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02-28-2013, 08:48 PM
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#119
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Golden Member
Join Date: Nov 2011
Posts: 1,564
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The Joke is on Joe Sixpack, funds stuff retirement portfolios with crap like GRPN.
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02-28-2013, 08:51 PM
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#120
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Lifer
Join Date: Jan 2002
Posts: 18,342
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Quote:
Originally Posted by Slew Foot
Groupon is turning into trash. Every offer is for some shitty hair salon or massage spa.
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Maybe in your area, out here it's all sorts of awesome shit. Kart racing, in door rock climbing, in door huuuuge ass trampoline thingy you play this sport I have no idea what it's called on. And what's wrong with Spa coupons? A good numbers of females love to go to day spas, sending your lady to one for half off is never a bad thing.
__________________
Quote:
Originally Posted by TridenT
No, no, they exist. I've seen them.
They're not usually like hot-hot, but they're like hit it and quit it able.
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02-28-2013, 08:52 PM
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#121
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Diamond Member
Join Date: Sep 2005
Location: Pen Island
Posts: 9,572
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I dont think anyone saw this coming............
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