Groupon faces credibility, viability doubts

I love Silicon Valley. Love almost everything about the technology ecosystem. I grew up in New Jersey watching with extreme envy and wonderment as the '95-01 boom-bust played out. Like most, I also share a certain reverence for Steve Jobs. Unfortunately, the Valley tends to indulge in one of the less enviable Jobsian traits: the shithead/hero rollercoaster. People and companies are always one or the other. We glorify when it's smooth sailing and bash mercilessly during turbulence. Groupon has taken the entire ride. From wonder boy CEO and "fastest growing company ever" to becoming the evil company out to defraud merchants/investors. Now that I'm no longer directly affiliated with the company (other than being a locked-up shareholder), I thought it would be nice to provide a little balance. There's plenty that's been said on the negative side of the ledger -- no doubt inspired by a righteous desire to protect the little-guy merchant and investor and not at all fueled by a desire for twitter followers or endles

Groupon faces credibility, viability doubts

Five months after going public with much fanfare, daily deals site Groupon Inc. is facing fresh doubts on several fronts concerning its credibility and long-term viability.

Fri 13 Apr 12 from Phys.org

The Other Sinister Plot At Groupon

I love Silicon Valley. Love almost everything about the technology ecosystem. I grew up in New Jersey watching with extreme envy and wonderment as the '95-01 boom-bust played out. Like most, ...

Fri 13 Apr 12 from TechCrunch

Groupon Gets Dell Exec As New Intl SVP As Samwer Brothers Step Further Away

Amidst a series of ongoing accounting-related controversies in the U.S., Groupon has appointed a new SVP to oversee international operations based out of Austria. Veit Dengler comes from Dell, ...

Thu 12 Apr 12 from TechCrunch

Analysis: Groupon accounting problems put spotlight on board

NEW YORK (Reuters) - Groupon Inc, the online coupon company that floated just months ago in the strongest IPO in years, has had recurring accounting problems that critics say show a need for ...

Thu 12 Apr 12 from Reuters Technology

Exclusive: Travelzoo mulls sale, seeks adviser: sources

NEW YORK (Reuters) - Travelzoo Inc, a publisher of travel newsletters and websites that has seen its shares plunge 75 percent since July last year, is planning to sell itself, three people familiar ...

Wed 11 Apr 12 from Reuters Technology

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