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tony manero says:
"If I need to know that a restaurant is so shabby and repulsive that it needs to give half off deals to get people to slurp their swill, I check out the GRoupon listings and then call the health department and tip them off."
comedy!
Well, November 2011: Groupon IPOs in the mid $20s.
August 2015: Group is trading around $4. Just announced higher than expected losses (again) for Q2.
Businesses that do groupons don't get 50% of the usual price, they get 25% because Groupon takes half. When you're selling for 75% off that's a "going out of business" sale. The successful restaurants Never ever do this.
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Reporting a 400 million lost on 700 million in revenue in 2010.
Somebody get me a plunger, someone flushing Groupons again.