Comment Comment by justin_vanw It's almost absurd how closely Groupon is following the classic 'tech bubble' road to disaster.1. Hype (check)2. IPO talk (check)3. Turn down acquisition at incredibly high P/E (check)4. Superbowl Advert (check)5. IPO just in time to avoid running out of money (on the way)6. Market goes rational (inevitable, forces pushing it irrational can't do so forever), valuation plumets7. Unable to raise money by selling stock, and a business model of 'sell stock to pay bills while making no profit', bankruptcy is announced8. The talking heads repeat the mantra "nobody saw it coming" for the next 6 months. parent justin_vanw 15 years ago
1. Hype (check)
2. IPO talk (check)
3. Turn down acquisition at incredibly high P/E (check)
4. Superbowl Advert (check)
5. IPO just in time to avoid running out of money (on the way)
6. Market goes rational (inevitable, forces pushing it irrational can't do so forever), valuation plumets
7. Unable to raise money by selling stock, and a business model of 'sell stock to pay bills while making no profit', bankruptcy is announced
8. The talking heads repeat the mantra "nobody saw it coming" for the next 6 months.