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peHUB :: "For a company that’s in registration to go public and thus forbidden from pumping up the company stock in advance of an IPO, Groupon is having an awfully hard time keeping quiet", writes Connie Loizos, peHub. Last week, of course, a memo from Groupon CEO Andrew Mason to employees about “insane accusations” being reported about the company’s financials was mysteriously leaked to the popular tech blog AllThingsD.
Yesterday, Reuters reported that “Groupon spends millions of dollars enticing new subscribers, but the largest daily deal company wants to slash that cost to zero in less than three years, a big part of its quest for profitability, according to two people familiar with the company.”
Connie Loizon: "But the kicker may be the email I received about the company late yesterday afternoon from Brunswick Group, a corporate communications firm employed by Groupon." The email came only 5 minutes after her Groupon post on peHub - claiming her post was “inaccurate” and “silly.”
Details of the conversation - continue to read Connie Loizos, www.pehub.com
Groupon is a hard sales focused business that will die on the vine. Anyone who invests in this IPO is crazy. I need to figure out a way to short it.
Posted by: Dizzo | September 01, 2011 at 06:34 PM