Groupon's stock is still in double digits?

If the CEO's employees weren't ready to strangle him after turning down $6 billion, they should be now.

Meh, We had a CEO once give a speech with a vodka tonic in his hand.

He was all right.

Groupon is incredibly lame. The "daily deal" thing has officially already jumped the shark into spam territory. Yeah, I still allow the emails to enter my inbox - but maybe one in twenty has any appeal to me. I also get daily emails from Amazon Local Deals, Living Social, and CrowdSavings. All are lame.

The market is so diluted for these things now, investing in Groupon would be foolish at best.

Can I get a groupon for $12 worth of beer for $6 today?

I had to check the article to see if it was my company. All of our townhall meetings are done with open bars. Speeches are regularly given beer in hand. Not to mention the "Beer Friday's" to keep employee morale up.

as a former groupon employee currently enjoying a beer, i am getting a kick blah blah *hiccup* blah.

vballer: I had to check the article to see if it was my company. All of our townhall meetings are done with open bars. Speeches are regularly given beer in hand. Not to mention the "Beer Friday's" to keep employee morale up.

it started as beer fridays at my job. then I made Beer o'clock on thursdays, and now beer o'clock is every day.

/we also have an engineer resign every other week, woooo!
//gotta keep the pain away

Five BILLION Dollars. That's what these idiots turned down for their sinking ship of a company. Even if the CEO only walked out he door with 10% of that, that still more money than you could spend on consumer goods and luxuries in a lifetime, if you devoted yourself to nothing else.

It's like the man held a winning Powerball ticket and shredded it out of sheer spite

For subby:

I really don't understand why their valuation is so high.

1) Groupon is a terrible deal for the participating businesses. The only businesses that participate are desperate to get people in the door. So how sustainable is that?

2) My understanding is that their revenue has been grossly overstated through accounting tricks, similar to what Priceline was doing for a while and eventually forced to stop doing a few years ago.

Magorn: Five BILLION Dollars. That's what these idiots turned down for their sinking ship of a company. Even if the CEO only walked out he door with 10% of that, that still more money than you could spend on consumer goods and luxuries in a lifetime, if you devoted yourself to nothing else.

It's like the man held a winning Powerball ticket and shredded it out of sheer spite

The deal was contingent on Google seeing their books. Once they did that, they would have pulled the offer anyway.

What's with the focus on the beer?

moistD: vballer: I had to check the article to see if it was my company. All of our townhall meetings are done with open bars. Speeches are regularly given beer in hand. Not to mention the "Beer Friday's" to keep employee morale up.

it started as beer fridays at my job. then I made Beer o'clock on thursdays, and now beer o'clock is every day.

/we also have an engineer resign every other week, woooo!
//gotta keep the pain away

There's normally someone drinking somewhere in the office. Beer Fridays are paid for by our company though and they bring in kegs. I typically head over to the IT mini fridge though for the good stuff.

Groupon's "best by" date has expired - now that competitors have sprung up, backed by larger companies whose sole purpose is to shut down Groupon - and so looking at $6 billion flushed down the toilet by their CEO must be disheartening.

ChrisDe: If the CEO's employees weren't ready to strangle him after turning down $6 billion, they should be now.

Magorn: Five BILLION Dollars. That's what these idiots turned down for their sinking ship of a company.

FFS, people! Stop being stupid. The deal would never have gone through.

During an interview with CBS news magazine "60 Minutes," Mason admitted that the error was a "bush-league mistake."



Whopsie doodle.

Groupon parties are fun on Friday nights. Everyone has already been drinking for 8 hours by the time I get there.

There are actually still a lot of good deals on Groupon and I personally use Groupon Goods a lot.

I bought $5 of Fark for $2.50.

Maybe he was using the beer as a metaphor. The beer is like groupon now, good but not really mature, in the next meeting he'll be drinking scotch, a much more mature version of alcohol.

Optimus Primate: Groupon is incredibly lame. The "daily deal" thing has officially already jumped the shark into spam territory. Yeah, I still allow the emails to enter my inbox - but maybe one in twenty has any appeal to me. I also get daily emails from Amazon Local Deals, Living Social, and CrowdSavings. All are lame.

The market is so diluted for these things now, investing in Groupon would be foolish at best.

I agree with you. There is a local paper here that offers a Daily Deal type thing. The paper has a readership of like 40 people, why does it need a Daily Deal?

One of the things I miss about my old job is the friday email from the boss saying that there is a tab open at the Brazilian BBQ place on the first floor. They loved us there we would get our drinks in togo cups at first and later they just gave us glasses and a bus tray. We would make interns bring them down after many hours of drinking. Good times.

Wettner: Optimus Primate: Groupon is incredibly lame. The "daily deal" thing has officially already jumped the shark into spam territory. Yeah, I still allow the emails to enter my inbox - but maybe one in twenty has any appeal to me. I also get daily emails from Amazon Local Deals, Living Social, and CrowdSavings. All are lame.

The market is so diluted for these things now, investing in Groupon would be foolish at best.

I agree with you. There is a local paper here that offers a Daily Deal type thing. The paper has a readership of like 40 people, why does it need a Daily Deal?

D'OH!! I forgot totally about the local paper deals. I also get those (on Facebook) - and there are two of them. That makes the array even bigger. Talk about spreading it thin!

BalugaJoe: I bought $5 of Fark for $2.50.

u got ripped off dude

serial arseonist: BalugaJoe: I bought $5 of Fark for $2.50.

u got ripped off dude

+1

You know how most CEOs like to go out for a drink after work? Well, I kept moving on up... to the drink BEFORE work, the drink DURING work, and finally the drink INSTEAD OF work.

The CEO of our small corporation has repeatedly stated that his best eats is Jack Daniels on the rocks.

Is subby implying there's something wrong with having a couple beers on the job?

I worked at one place where the CEO scheduled all of his outside appointments in the morning because at lunch he typically got trashed on vodka gimlets. In the afternoon, it was nothing unusual to hear him in his office yelling severely slurred obscenities out to his secretary. Good times.

Lord Jubjub: The CEO of our small corporation has repeatedly stated that his best eats is Jack Daniels on the rocks.

That's horrible. He should be drinking Crown or higher if he takes it on the rocks.

Fark Me To Tears: I worked at one place where the CEO scheduled all of his outside appointments in the morning because at lunch he typically got trashed on vodka gimlets.

Holy bananas. If you have to schedule your workday around your drinking...you may be an alcoholic.