Do you Groupon?

Categories: Dish-cussion

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After rejecting a $6 billion purchase offer from Google, GoogleGroupon plans to IPO with a $30 billion valuation. Word on the street--from its SEC filing, actually--is that Groupon owes $681 million in current liabilities and has just $376 million in assets.

But how can Groupon possibly lose money? The company employs a sales force to get clients, but once they find them, Groupon typically take a 50% cut on the deal. For example, with a coupon that costs the customer $25, the client gets $12.50 per buyer to cover $50 worth of service, while Groupon gets $12.50 per buyer to, uh ... send one freaking email?(!)

Have you ever used Groupon? If so, what was your experience like? Do you have tips for knowing which deals to jump on and which ones to bypass?


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4 comments
Rachel Hutton
Rachel Hutton

Hey guys,Apologies for the typos. In the course of more than doubling our weekly production by supplementing our print stories with blog content, our small staff has obviously been struggling. If you see mistakes that need fixing, I'd be extremely grateful if you just emailed me directly, rhutton@citypages.com, and I'll correct them asap. Thanks for your readership and your patience.

Best,Rachel

Chris
Chris

So Google rejected an offer to purchase itself and is now planning to issue the first second IPO?

Lazy editing.

C'mon, CP.  You've been hiding behind the, "It's a blog, it's okay to have typos" excuse for too long.  Your "blog" posts make up most of the content on your website, particularly the content that is featured on your homepage.  Saying "it's only a blog" isn't a valid excuse for sloppy editing, self- or otherwise.

BW
BW

First, does anyone copy-edit anymore? Or just read over your own work for 1 minute before posting? Google isn't planning another IPO, and 'employe' isn't a word.

Second, they lose money because of how much they spend to acquire clients and customers. There have been tons of things written about this.

Love City Pages, especially the blogs, but come on, this is just lazy.

Bianca
Bianca

Whenever I purchase a restaurant deal, I typically try to avoid the restaurant for at least 2 weeks, because it's PACKED for at least a week with people wanting to use their coupon.

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