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The Groupon Groupon
Simply because it is right there, just waiting... And in more serious news, has Groupon pulled its IPO yet? After all, isn't any down day now considered "market conditions?"
h/t Three Comma Kid
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Illegal
There is nothing illegal about a reverse auction.
There is if you're going Dutch!
You mean EUropean.
A discount on the IPO???
William Banzai, is that you?
groupon is a parasite.
http://azizonomics.com/2011/08/27/groupon-unsustainable-parasite/
Obvious much?
Groupon was always a very helpful indicator, because if someone talked highly of them, it was the earliest possible flag that they were a total fucking idiot and you could move on from there.
It's getting so dam difficult running scams on the people with this fucking blogosphere watching every bankster move.
One day after all this madness is over, we will be able to save money again for the things we want to buy in the future, and the money will buy ten years in the future just about what it would buy in the past with a gold/silver or commodities based currency. I can dream can't I?
This Changes Everything!
New York Cops Defy Order to Arrest Hundreds of ‘Occupy Albany’ Protesters
http://www.rawstory.com/rs/2011/10/24/new-york-cops-defy-order-to-arrest...
New Campaign Slogan;
Fuck You TV Assholes,
Ron Paul for President!
No one was holding a gun to China's head to loan all that money to the rest of the planet.
Natural Gas gets relegated to a sub-energy category because it's cheep and there's too much of it. You can't make no money on it says the big people, so they ignore it.
I'm thinking of starting a new Natural Gas Craze?
Wm Banzai is going to be PISSED he missed making this graphic.
Wait, is this for realz?!?
Leave him alone. He's going to have to be really rested and fresh for this christmas.
The huge scandal is that most of the shares will (ultimately) be allocated across a variety of 'growth funds'
It's a parody, couldn't resist sharing... the full site is listed here... Genius!
http://runningshoes.com/groupon-ipo
You mean that Groupon would be directly IPO'd as GRPN.Q ?
Ring-Ring-Ring
check out IPOs for BX and MF. While tech is hot; crappy dotcoms are not hot
with crude oil running like this.. those penny pinchers using groupon are not goin to be able to afford the groupon services because gas to high - just broke over 93.50 http://hedge.ly/rwsZXq
What about the Gold Groupon ?? Get it while still trading at a discount.
---------------------------------------------------------------------------------------
http://journey-to-alpha.blogspot.com/2011/10/precious-metals-rebound-as-global.html
There are 9,813 suckers are out there.
You forgot some zeros.
Gropeon
I still like my "poop-on" IPO. I'm very partial to me in case no one has told you.
Ah, I see, like Grey Poop-on:
http://www.youtube.com/watch?v=itHhhYxqSSE
the shares will make good toilet paper, so demand physical delivery
Oh my god, Groupon is like Sino Forest.
groupon is a pseudo ponzi scheme. For any market X there exists a high variability for profitable, volume adjusted, daily deals (resource {R}), which people want. After time t, the most desired deals r in resource R are exhausted, leaving behind lesser deals (deals which make substantially less revenue-share). So as t >> T, only less desired deals remain for market X, hugely eroding profits margins, given the high fixed cost to set the deal. So the only way to maintain margins is to enter a new market Y, where r (very profitable daily deals) is in high supply. But eventually this market will be exhausted of r, and margins will again collapse. Therefore Groupon must continually enter new markets to maintain margins, which it has been doing. But there are only a finite number of markets. So eventually Groupon will collapse. This is an intrinsic problem of the daily deals market. Google may overcome it, if it can implement it's near field communication strategy, or automate the bidding process. But other daily deals site, like Living Social, with high employee counts, are bound to fail.
If you buy into the groupon IPO, shares will be worthless within 2 years.
Spot on, spot on, they will be worthless just like that other IPO that fell flat on its face early this spring.
General Motors? I thought that did fine?
Like so many other coupons, the very tiny print reads, "actual cash value 1/20th of one cent."
There at the end, did you mean 2 weeks? Days, maybe?
is that for real? i can haz a pets.com sock puppet for a mere ten usa clownbux?
Mutant. You need to believe.
I need a new cover for my driver.
LOL
Now that is serious fucking funny.
+1 on the avatar; Zippy the Pinheaded Clown rocks.
Don't be so mean ... let him sit in the car.
Speaking of sock puppets, I just got my new zh sock puppet in the mail. WOOHOO! #WINNING!
HOW DO YOU LIKE ME NOW BITCHEZ?
Yup! Doesn't that just wrap up the whole Groupon IPO mania with a nice little bow? Perfect!
Pull my finger.
I played that before PT in the Army, once, after a night of drinking. Results not good.
Eerily reminiscent of the Vonage IPO and will probably turn out the same way.
Piss off. Been using Vonage for 7 years.
2 lines for under 50 bennies.
Though I did decline the IPO invite. BUT AT LEAST I GOT ONE!
Dear Valued Customer,
As a special offer we are giving you the oppurtunity to loose half your investment in two months. (97% over 3 years)
talk about missing the window, man the underwriters( im sure all the usual suspects) shit the bed. guess they could only muster up enough buyers for two shitty deals at once, lnkd and Pandora. Im sure groupon will get their moment in the overpriced sun at some point. I mean JAT has to redeem themselves after the NFLX implosion, right?
Oh man, I just had the idea of the fucking century.
OK, so the ECB's capital call is like a Western Style Syndicate (which are both madness... Western Syndicates and a capital call based thereupon) so, in order to get the GroupCrapon (in the deviant porn category?) deal done, get the ECB into the underwriting group, everybody else drop, slap the ECB with the unsold allotments, get paid in Euros which one immediately sells for gold and v-o-i-l-fucking-a, home free.
Done deal.
And who said alchemy don't work?
The economy is a money laundering scheme and not a Ponzi scheme? Oh.
I wanna get my group on Robo, that avatar is hot!
They should just do the IPO to have it tank on the first day and mark the beginning of the breakdown.
In a twisted way, the markets NEED the GRPN IPO in order to break.
EURUSD seems upside bound, but I don't believe it.
Some where. some body must know the USA is toast.
Meanwhile, got a 30 pip nibble of the Loonie.
Scalp where you can.
Gold, bitchez.
Monday, August 3, 2009
National Gold to stay with Ch. 11, Yaffe wants to keep controlTampa Bay Business Journal – by Jane Meinhardt Staff writer
A Tampa bankruptcy judge Monday voiced deep concern about National Gold Exchange’s management after a daylong evidentiary hearing but denied a motion to convert the company’s Chapter 11 reorganization to Chapter 7 liquidation.
“Evidence of misconduct and mismangement is substantial,” said Middle District Bankruptcy Judge Michael Williamson, adding there are “ample grounds” to convert the case to liquidation.
However, in the interest of getting more money sooner for unsecured creditors, Williamson said the Tampa coin dealer’s case would be fast-tracked through Chapter 11 with a trustee at the helm to displace the debtor-in-possession.
Consultants for and officials from Sovereign Bank testified that NGE used some of the collateral pledged to the bank for $35 million in loans to obtain loans from other entities and co-mingled assets with Gainesville Coins, which operates in the same office and is affiliated with Mark Yaffe and Alan Yaffe, owners of NGE
http://blog.jtcoins.com/tag/chapter-11
http://www.youtube.com/watch?v=ZOlRmPgm2Mc
Yuan hits new high against USD CCTV News
http://www.youtube.com/watch?v=l5KkmcMonY4
WikiLeaks Funding Killed By Corporations
http://www.youtube.com/watch?v=9LlEj0M4uc0
Merkel to oppose ECB proposals in curbing crisis CCTV News
Who can influence MasterCard? Can Obama? No. But the Big Banks can…
As the video states, private corporations are now taking orders from the controllers of the government to crush someone giving transparency to what government is doing in secret (controller spokesmen such as Joe Lieberman) by engaging a financial block of free speech, such as Wikileaks'. As stated, PayPal, MasterCard, Visa and Western Union have stopped contributors from using their credit and debit cards to make donations to Wikileaks until now, Wikileaks has lost 95% of its funding. Says Assange, If this continues we’ve got to shut Wikileaks down.
Money is speech; unless corporate America says it is not in which case they freeze your assets...but they can use their money to buy politicians to “do what we want and every once in a while we’ll return a favor to the politicians....”
Money talks they say, JW, but when it’s used to control the reins of government, then it can be used to silence its critics. As Wikileaks gets nearer the control centers of the U.S. government, the large investment banks are able to use their influence to shut the door on freedom of speech, on America’s Bill of Rights.
Thanks for the video , JW.
If you are such a god, try trading. Otherwise STFU.
Or move to Lincotti Park.
Just go away. You are an embarrassment to FL.
Zuccotti, whatever. Moron heaven.
what exit in Jersey do you hail from?
you are a coward anon..
I dont even know why you are crying this time?
did it hurt?
I am sorry.. I dont even know how or why but I am still sorry sweety..
want me to pass the plate to pick you up some papmrin?
And you trade well?
Grow a pair.
I think he is mad about Gainsvills Coin being part of a $30+ Million Dollar Fraud!
http://blog.jtcoins.com/tag/chapter-11
*** "Consultants for and officials from Sovereign Bank testified that NGE used some of the collateral pledged to the bank for $35 million in loans to obtain loans from other entities and co-mingled assets with Gainesville Coins, which operates in the same office and is affiliated with Mark Yaffe and Alan Yaffe, owners of NGE." ***
http://sunbiz.org/corioff.html
search Yaffe Mark and look at the Micheal Yaffe connection throughout the entire SCAM!
I think that is why he is mad..
they are scumbag paper hangers from Jersey!
My bad! LOL!! I promise I wont tell everyone on earth after this!
and the funny thing is I never thought to ask anyone about them.. after having to pry my Mothers money out of thier hands.. but low and behold.. my gold guy tells me the WHOLE Story!!
Summed up above on the link.. WOW! is all I got!
Phew, I almost bought from them. Thanks for the update JW.
I think the zerohedge crowd figured out gainsville was a fraud about a year ago. I think I accidently jumped your shit for recommending them to someone when I crossed signals with another florida poster.
Great. So the coin shops are owned by joos as well as the banks...
Coin shops are owned by small business owners.
Banks....banks....the banks are owned mostly at this point by anglo-saxons....Lehman and Bear, the big "Jew Banks" failed, remember?
Why is it that so many people want to blame entire groups like Joos, Arabs, or Blacks for the ills of the country? It is so blatantly reductionist, over generalizating, and intellectually dishonest, I never know where to begin.
I agree.. however, one must admit that Israel does have us by the balls. Well at least it seems that way to me.
And I agree with that. I don't like how they are treating Palestinians and wish I could force them all to just fucking stop. But that does not mean I should proceed to hate all Israelis and blame them for everything. I know you were not saying that, but that seems to be where folks want to go. I'll be really honest, I find myself very tempted to be this way against the Chinese, I catch it in my thought patterns often. And if I were to let that go unchecked in my head and in my actions, I would be WRONG. Too many individual Chinese people I know, respect, and kind of think they are beautiful, to allow myself to go down this road. But the pressures are there. Giving into this kind of impulse does NOT contribute to solutions to anything. THEY want us to hate each other. THEY are harder to detect if we are at each other's throats.
+1,000,000 MsC
for what it's worth, live commentary during groupon's IPO presentation:
http://jackp27.blogspot.com/2011/10/notes-on-groupon-ipo-roadshow.html
(original presentation is at retailroashow.com)
many thanks,
JACK
Jack:
Do you know where we can find the deck that the underwriters used to pitch this?
Thanks.
Larry, underwriters helped author the deck; management pitches it. The video of the presentation and the slides are here:
www.retailroadshow.com
Hopefully, Groupon doesn't catch the "Piss Poor Managament Bug" that infected the marketing 'gurus' at Walmart, Sears and NFLX.
I'm not sure how Sears and WallyWorld are trading where they are...
Maybe Timmah, Ben, and the PWGFM like buying Chinese still.
Rhetoric? LOL
GroupBuns 'R' Us:
http://www.youtube.com/watch?v=8FftI0oRg2M
Why isn't anyone disussing the move in CAD?
You all call yourselves traders? LOL
If it wasn't you, I'd call you an asswipe. Playing it, course it started on a different thread.
Fukking Loonies.
Already scalped 30 pips....
dip is messing with me. And after I ate that gold 'n all.
http://www.youtube.com/watch?v=djg0j_ye28A
And if it wasn't you, I wouln't call you my friend....
Still not sure what point you were making.....why even try when there is no point?
Me and my arrow, you know.....
disussing ?
Point was to play a tune. Me luv Blondie.
http://www.youtube.com/watch?v=ZfVJSLC3lO8
They put milk in bags. Who's going to care about their money.
THEY PUT MILK IN BAGS.
Until they start occupying milk baggers I'm not listening to canadians any more.
http://www.youtube.com/watch?v=EzeGKPzN_jo&feature=fvsr
This is a joke. Zerohead knows I think he's one of the smartest people on the planet.
Just ribbin me some canadians.
ZH: maybe post a "short one share of Groupon" coupon
This is less implausible than half the "real" headlines these days.
Things are bad when you have to rely on The Onion and Jon Stewart for your hard hitting news. The king typically does not take the court jester's head off for "joking"/telling the truth because it makes the king look like he has thin skin to do so.
anyone have a link to oakland riots?
Live from the ABC Helicopter: http://abclocal.go.com/kgo/livenow?id=8405688
Take my next 40? Or ride it?
http://www.youtube.com/watch?v=qs5Zm2fFxjU&feature=related
http://www.youtube.com/watch?v=0qVMYIG58zQ&feature=related
IRS auctioning off 300oz silver in vegas tomorrow, if anyone in the area is interested. Bids to start @ 80% spot. Wanna stick it to the IRS, give them back fiat....
http://silverdoctors.blogspot.com/2011/10/irs-to-auction-of-300-oz-of-se...
I live in las Vegas part time, going to send my wife down there tomorrow to check this out.
Fascinated to know how many will show.
Will keep you posted.
Thanks. I owe you one.
no prob.....i cant imagine a good turnout. You should be able to pick up a 100oz bar for under $3k
Thanks...... J in Vegas
I hate waiting for the EU open.
http://www.youtube.com/watch?v=Uger0WtSUso&NR=1
Greetings from Florida. First time caller. Thank you for inviting me to your discussions.
You guys pick great music, btw. :)
Got bad vibes again, real bad.
CAD goes bid, AUD sells, Asia kinda loses the plot (meltup stocks), China and Sth Korea start a FX swap line (liquidity squeeze, week back Japan/Sth Korea did the same), then there is Europe.
Anyone that follows chaos theory... series of small coincidences usually lead to something major
Worst bearish move I chickened out on: Bought Green Mountain $85 puts for $7.90 and sold for $2. One day before expiration, GMCR was selling in the low $70's. Dammit to hell.
OT
A bit OT but ZH is being quoted in DIE ZEIT (it's an article about the unlucky Mr. Paulson; they call ZH an insider website in that article) which I find quite ironic. You must know that die ZEIT is somewhat like the German version of the New York Times. They have one blogger that is like Krugman - just worse. His name is Schieritz. He is the propagandist of the German banks.
I find it also ironic because I quoted ZH so many times there and it was being pushed away like it was one of these conspiracy sites. Well, well...
In that it’s said that “Six Companies Control 96% of the World’s Media,” DIE ZEIT’s effort to intentionally misidentify Zero Hedge once again substantiates how dangerous the truth is to the “rule of the rogue, the exploiter, the robber.” And so Zero Hedge must be suppressed, ignored, or misrepresented.
The power of the world’s current monopolized press, to control free speech, is a powerful weapon, and those behind the scenes aren’t about to allow ZH to flourish without attempts at false representation.
To illustrate the presses power to control the mindset of the people, J.P. Morgan purchased control over major segments of the news media and engineered a nation-wide editorial blitz against Germany, calling for war as an act of American patriotism, in order to bring America into WWI.
By purposely sinking the Lusitania to bring America into war to save England in the wake of her defeat by Germany – “the trick was to have Americans on board in order to create the proper emotional climate in the United States – a great wave was set in motion against the German people….sweeping the United States into war.” Unknown to the passengers, the Lusitania was a virtual floating ammunition depot carrying contraband war material from the United States to England, says G. Edward Griffin.
"When the German embassy tried to publish a warning to American passengers, the State Department intervened and prevented newspapers from printing it."
It is fitting that Edward Bernays, born in 1891 in Vienna to Jewish parents, combined the ideas of Gustave Le Bon and Wilfred Trotter on crowd psychology with the psychoanalytical ideas of his uncle, Sigmund Freud, to put his propagandizing to work for the administration of Woodrow Wilson during World War I with the Committee on Public Information. It was he who was influential in promoting the idea that America's war efforts were primarily aimed at “bringing democracy to all of Europe."
Said Bernays: "If we understand the mechanisms and motives of the group mind, it is now possible to control and regiment the masses according to our will without their knowing it... In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons ... who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind…
“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country." …
"The American motion picture is the greatest unconscious carrier of propaganda in the world today. It is a great distributor for ideas and opinions."
http://en.wikipedia.org/wiki/Edward_Bernays
Truth combined with expertise is what makes ZH great…and dangerous to TPTB.
Conclusion by Mac Slavo in Shambles: 9 headlines that illustrate the world's economic, financial, and political mess.
“We have this funny feeling that something's not right.
“Maybe it's the 24 hours news cycle. But, even that just proves that the system is in such disorder right now that no one really knows what is happening or what we can expect.
“Uncertainty, confusion, volatility, disorder and incompetence pervade the economic, financial, political and social systems of the world. This has been the case since 2008 with nothing but platitudes and conjecture jerry-rigging it together.
"This will not end well (see here, and here, and here).”
http://www.lewrockwell.com/
Do you think that we will go into 2013 as The United States Of America???? Or something else?
No war has ever been won on foreign soil.....
The Global Cartel will lose.
What?
Well we have the election coming so yeah, I think things will remain static. No real incentive to change that I can see.
Happy and Prosperous DIWALI to all ZeroHedgers:
http://markettechnicals-jonak.blogspot.com/2011/10/happy-diwali.html
If they went with a stock symbol of Grp0rn..it would go full boner!
Off-topic but I wanted to share that with you. Google trends enables to compare search terms, i.e. "buy car" vs "sell car"
http://www.google.ch/trends?q=%22buy+car%22%2C+%22sell+car%22&ctab=0&geo...
My favorite is "buy real-estate" vs "sell real-estate"
And the scariest "inflation" vs "deflation" and/or "stagflation"
OT:
It looks like you are using Internet Explorer. Due to issues with this browser we strongly recommend you switch to Chrome or Firefoxwhen i click on RanSquawk News on sidebar, i get this message:
All this coupons stuff is so tiring anyway, why not just forget about the whole thing ?
This is not a company. It is a legalized spam producer. I get 5 to 10 spams a day asking me if I want a groupon. Stop it already!
The real name of this company should be Tampon..
Toxic blood sucker.
I think it's a good medium-term idea to make a lot of money:
For businesses, they get cash up-front and provide their product or service at a later date.
For the consumer, they get a discount for pre-paying.
Essentially, it the equivalent of a consumer-based business loan, and Groupon is the intermediary. PLUS, there's no interest being charged and no fractional reserve lending and creating money out of THIN AIR!
HOWEVER... no sane person thinks that buying stocks for such a business model makes any sense. It's VERY unlikely that this coupon business lasts 20 years, so it's way too risky.
P.s. I started my own group discount website back in 2005. It didn't have the right business model for several reasons (no online paying, users find deals and post them, everyone needs to show up at the same time...). After a year, I felt it wasn't going to work and I shut it down. Ah well...
In the begining Groupon made sense, sell excess inventory or untapped services. Yet the model was/is destined to fail. Any company that sacrifices 75% list price to do a "groupon" can not afford to do it twice and stay in business. Add in competition from Living Social, TravelZoo and others and you have idiotic proportions of saturation that leaves only bargain chasers. If you look at Groupon offerings today, you'll notice any value is gone as discounts are only markup reductions in disguise. Each offer is coming with more and more restrictions. And outside of the fact that you never plan on getting a facial or having your teeth whitened, there's fewer and fewer inticing offers that might make you appreciate something new.
more animated groupon satire
http://www.youtube.com/watch?v=z0wk8V859_Q
thanks,
JACK
Thanks for the information. This is very useful to me. I waited for another article. Samsung Galaxy Harga Nokia Asha Berita Terkini Mobile Prices
If you use Groupon at a restaurant, you're guaranteed to get bad service and spit in your food. (This is a paid testimonial.)