I like Groupon. Just read though that Google was buying them for $6 BILLION dollars!??! How could they possibly be worth that?

I like Groupon. Just read though that Google was buying them for $6 BILLION dollars!??! How could they possibly be worth that?


Groupon has been in business for all of 2 years and is expected to have $500M in revenue this year. And reportedly turned down Google's yucky $5-6B offer.

I like Groupon. Just read though that Google was buying them for $6 BILLION dollars!??! How could they possibly be worth that?
it's mind boggling how companies would pay so much for other companies that have very little income. groupon for $6B....just CRAZY!

it's mind boggling how companies would pay so much for other companies that have very little income. groupon for $6B....just CRAZY!

there is also a article out there that says, Google was trying to buy Groupon. But Groupon owner said they'd never sale to Google and that they would rather sell to a place like McDonalds than Google.

it's mind boggling how companies would pay so much for other companies that have very little income. groupon for $6B....just CRAZY!

If Groupon was "worth" $6 billion, what is Slickdeals worth? $600 billion? :)

Really, it's just Google being able to use their "funny money" (over-inflated stock price) to buy an asset at an over-inflated price.

BTW, no grown-up (over 40) would turn down such a crazy offer. The Groupon CEO is something like 30-years-old.

What actually astonishes me is how mediocre a company Groupon is. While we can all pick a needle out of a haystack, the vast majority of their deals are pretty poor. And I understand that the merchants have to give half the revenue they receive from the Groupon to Groupon. So if you're a restaurant selling a $30 certificate for $15, the restaurant owner only gets $7.50 for $30 worth of food (assuming all certs get redeemed; I assume a significant number are never used). If you owned a restaurant, would you make that offer?

And that's why the deals generally suck!

And don't get me started about their insipid writing. I've heard that there are some people who like the mindless drivel, but I'm sure the vast majority of people say "what the !@#$% is this," and never read the useless descriptions again.

If Groupon was "worth" $6 billion, what is Slickdeals worth? $600 billion? :)

Really, it's just Google being able to use their "funny money" (over-inflated stock price) to buy an asset at an over-inflated price.

BTW, no grown-up (over 40) would turn down such a crazy offer. The Groupon CEO is something like 30-years-old.

What actually astonishes me is how mediocre a company Groupon is. While we can all pick a needle out of a haystack, the vast majority of their deals are pretty poor. And I understand that the merchants have to give half the revenue they receive from the Groupon to Groupon. So if you're a restaurant selling a $30 certificate for $15, the restaurant owner only gets $7.50 for $30 worth of food (assuming all certs get redeemed; I assume a significant number are never used). If you owned a restaurant, would you make that offer?

And that's why the deals generally suck!

And don't get me started about their insipid writing. I've heard that there are some people who like the mindless drivel, but I'm sure the vast majority of people say "what the !@#$% is this," and never read the useless descriptions again.
QFT
I would rep you if I could

If Groupon was "worth" $6 billion, what is Slickdeals worth? $600 billion? :)

Really, it's just Google being able to use their "funny money" (over-inflated stock price) to buy an asset at an over-inflated price.

BTW, no grown-up (over 40) would turn down such a crazy offer. The Groupon CEO is something like 30-years-old.

What actually astonishes me is how mediocre a company Groupon is. While we can all pick a needle out of a haystack, the vast majority of their deals are pretty poor. And I understand that the merchants have to give half the revenue they receive from the Groupon to Groupon. So if you're a restaurant selling a $30 certificate for $15, the restaurant owner only gets $7.50 for $30 worth of food (assuming all certs get redeemed; I assume a significant number are never used). If you owned a restaurant, would you make that offer?

And that's why the deals generally suck!

And don't get me started about their insipid writing. I've heard that there are some people who like the mindless drivel, but I'm sure the vast majority of people say "what the !@#$% is this," and never read the useless descriptions again.

You fail to recognize that many companies spend thousands of dollars on advertising alone. This is essentially advertising. I know a Subway owner who was giving away free subs after he just bought it to turn around his business and to generate new customers. The restaurant owner is not losing money. He is spending the money that say he would be spending on mailing out hundred of mailers or renting out a newspaper ad.

If Groupon was "worth" $6 billion, what is Slickdeals worth? $600 billion? :)

Sit there and imagine how much exactly WE make for SD. Its rather sad and says a lot about the owners that they refuse to set up a cashback. GREED!

Sit there and imagine how much exactly WE make for SD. Its rather sad and says a lot about the owners that they refuse to set up a cashback. GREED!

:rolleyes:

Sit there and imagine how much exactly WE make for SD. Its rather sad and says a lot about the owners that they refuse to set up a cashback. GREED!

well at least they don't give you a hard time when you don't use their links. <cough>betterbidder.com</cough>

The moderation here is much better than other deal sites anyway. <cough>FW</cough>

BTW, you are free to go to any cashback sites to make your purchase.

I like Groupon. Just read though that Google was buying them for $6 BILLION dollars!??! How could they possibly be worth that?

:wave2: google market cap is nearing $200B. :D

I wonder how much my "grope-on" service is worth. :woot2:

groupon is pretty ghey for the most part. they have a good deal once every 6 months. nuff said

Groupon is brilliant. By promising a "deal", which they admittedly almost never give you, they get most people to willingly accept and check emails from them and go to their site on a daily basis. You can't buy exposure like that.

If Groupon was "worth" $6 billion, what is Slickdeals worth? $600 billion? :)

Really, it's just Google being able to use their "funny money" (over-inflated stock price) to buy an asset at an over-inflated price.

BTW, no grown-up (over 40) would turn down such a crazy offer. The Groupon CEO is something like 30-years-old.

What actually astonishes me is how mediocre a company Groupon is. While we can all pick a needle out of a haystack, the vast majority of their deals are pretty poor. And I understand that the merchants have to give half the revenue they receive from the Groupon to Groupon. So if you're a restaurant selling a $30 certificate for $15, the restaurant owner only gets $7.50 for $30 worth of food (assuming all certs get redeemed; I assume a significant number are never used). If you owned a restaurant, would you make that offer?

And that's why the deals generally suck!

And don't get me started about their insipid writing. I've heard that there are some people who like the mindless drivel, but I'm sure the vast majority of people say "what the !@#$% is this," and never read the useless descriptions again.

Zuckerberg turned down huge offers when facebook wasn't making a dime. It's not all about revenue, it's about how many customers or followers you have and how well you've established your brand. Google didn't get to where it is by making poor decisions, it's kind of laughable that people can sit at home and say an offer is too much without knowing anything close to the amount of information Google has undoubtedly uncovered via their own research.

Zuckerberg turned down huge offers when facebook wasn't making a dime. It's not all about revenue, it's about how many customers or followers you have and how well you've established your brand. Google didn't get to where it is by making poor decisions, it's kind of laughable that people can sit at home and say an offer is too much without knowing anything close to the amount of information Google has undoubtedly uncovered via their own research.

:iagree:

Zuckerberg turned down a $1billion offer from Yahoo a few years ago. People called him crazy too, but now Facebook is worth 50 times that amount.

This offer is all about Groupon's internet traffic. It isn't about their shitty deals.

^ only if someone wants to buy it. thats like all of the fools who have antiques in their homes and brag about how much they're worth. they arent worth sh*t unless you find someone willing to buy it.

on paper facebook may be worth 50 billion, but not in real life.

oh look everyone, yobutt's giving us financial analysis! let's all listen!

^ only if someone wants to buy it. thats like all of the fools who have antiques in their homes and brag about how much they're worth. they arent worth sh*t unless you find someone willing to buy it.

on paper facebook may be worth 50 billion, but not in real life.

Uh, how do you think Zuckerberg is worth billions if it's not worth anything in real life? He sold a large percentage stake in facebook for so much money that he and his top 4 lieutenants are all billionaires now. It's not hypothetical, facebook's value is based on the shares that they sold to investors.

Uh, how do you think Zuckerberg is worth billions if it's not worth anything in real life? He sold a large percentage stake in facebook for so much money that he and his top 4 lieutenants are all billionaires now. It's not hypothetical, facebook's value is based on the shares that they sold to investors.

:lol:

What actually astonishes me is how mediocre a company Groupon is. While we can all pick a needle out of a haystack, the vast majority of their deals are pretty poor. And I understand that the merchants have to give half the revenue they receive from the Groupon to Groupon. So if you're a restaurant selling a $30 certificate for $15, the restaurant owner only gets $7.50 for $30 worth of food (assuming all certs get redeemed; I assume a significant number are never used). If you owned a restaurant, would you make that offer?

That's why.... The deals where they get close to even and/or start losing money are almost nil, which means the majority of their sales are much more profitable.

Sit there and imagine how much exactly WE make for SD. Its rather sad and says a lot about the owners that they refuse to set up a cashback. GREED!

Well, I'm assuming the reason cashback discussion on slickdeals is generally banned is because that's how slickdeals makes their money -- on their own referral link. But this is easily avoided by finding the deals here and then using a cashback link to buy. I assume the vast majority of avid slickdealers do this. Of course, there's a small number of merchants that don't offer cashback. Like I have a hunch that Amazon gives Slickdeals some sort of cut; hence the prevalence of amazon front-page deals.

But if we can easily get the cashback ourselves, or can't get one anyway, why begrudge slickdeals from making some money? They are a business after all. This isn't a volunteer project, and their method is rather subtle.

But if we can easily get the cashback ourselves, or can't get one anyway, why begrudge slickdeals from making some money? They are a business after all. This isn't a volunteer project, and their method is rather subtle.

First it makes sense to toss a bone to those making you rich.
Second others are going other places for the casback FW, Eba...etc so its lost revenue.
Third greed is one of the seven deadly sins.