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Posts Tagged ‘IPO’

Groupon Restates Revenue & COO Exits

Groupon Restates Revenue & COO Exits

Cliff Notes: Revenue was actually $312 million, not $713 million. COO returns to Google after 5 months. IPO looking even worse than before. Daily deals site Groupon Inc. said it was restating its financial results "to correct for an error in its presentation of revenue," and said its chief operating officer was exiting after just five [...]

Facebook’s IPO will be the worst investment in tech history

Facebook’s IPO will be the worst investment in tech history

The social network has its fingers in a majority of websites in one way or another. Businesses promote their Facebook pages on the homepage of their websites. Blogs, bloggers, journalists, and mainstream publications often have several different Facebook widgets littered everywhere on every page. In less than a month, Facebook will have over [...]

Why GroupOn needs to fail to save the internet

Why GroupOn needs to fail to save the internet

There is an opportunity to learn from our mistakes before they can do real damage. That opportunity is GroupOn, and the opportunity presents itself in the form of an upcoming IPO that needs to fail for the sake of the rest of the internet. Sounds weird, I know, but hear me out... (more…)