GRPN Current Market Cap - $417 million
GRPN 2011 IPO Peak Market Cap - About $16 billion
Crashed About 80% in 2012
Huge Rally In 2013 - plus 150 points - up about $4 billion
Long Slow Motion Crash Since 2014 - down 94% in nine years
Posted on 09/29/2023 2:25:42 PM PDT by PJ-Comix
Groupon has fallen significantly since its peak over a decade ago. This video attempts to explain why it was once considered so promising, and why it has not lived up to those expectations.
The Juana La Cubana restaurant certificates I use to use about twice per month and now that they are back on LocalFlavor.Com will use them as frequently again. Buffets I can only handle no more than about once every 6 weeks but Juana is much lighter eating although it does fill me up.
SIX BILLION DOLLARS!!! Andrew Mason must be kicking himself constantly for turning down that offer.
As for Groupon, my experiences using it have generally been awful. This is because the businesses seemed to be resentful and not too enthusiastic when presented with a Groupon voucher. You generally got the rolling of the eyes and the "Oh, you are one of those Groupon people" reactions.
I got the impression that businesses lost money on every Groupon transaction and thus treated people using it like second class citizens.
GRPN Current Market Cap - $417 million
GRPN 2011 IPO Peak Market Cap - About $16 billion
Crashed About 80% in 2012
Huge Rally In 2013 - plus 150 points - up about $4 billion
Long Slow Motion Crash Since 2014 - down 94% in nine years
“I got the impression that businesses lost money on every Groupon transaction and thus treated people using it like second class citizens.”
which always makes you wonder why they signed up to do it in first place ...
our little local burg has a “taste of the town” deal once a year, where multiple restaurants offer significant discounts for a week on certain specials to get people to come and try out their restaurant ...
we went to one, and the meal specials were inedible, the service was awful, and the management were dicks ... needless to say, we would NEVER go back there again ... and we truly wondered why a restaurant trying to attract new customers would essentially deliberately try to drive them away ...
Unless you played the short side, you got slaughtered!
Thank you. I’ll definitely check them out. You renewed my enthusiasm.
Lol. And I didn’t even try. Going to Dominican Republic for an all exclusive was a nightmare. You had to have an APP for everything beginning with getting on the plane. Passport wasn’t good enough. Had to fill out a form on an APP. Talk about frustrating. 100 people trying to download and fill out forms while trying to watch luggage, stand in line to get ticket. A mess! Then the all exclusive went paperless so you had to have an APP for everything. Ridiculous!
I pulled up the last 52 weeks on GRPN.
Congratulations to the professional gamblers who were buying GRPN at $3 five months ago!
A 5X time increase in five months!
“Did they have those HUGE hanging flower baskets out along the streets? “
They sure did. My gosh they were huge and beautiful, especially at the end of the season. Ours have never looked like that. We saw the guy watering the baskets.
We went to Canada and wound up in Banff. The flower baskets there were even BIGGER!
“Maybe they can call it an internet browser.”
LOL...I’m with you. And that is EXACTLY what worked to pay for parking in Banff, AB!
Utterly insane, isn’t it? All these companies at once decided “We’ve got to be cool, too. We need an APP. Hey, IT, whip us up an app pronto!!”
Then you get the mess you ran into.
Of course, clunky old web sites aren’t much better. We buy annual parking passes for Coeur d’Alene down the road. They are good for the calendar year. The stupid parking company doesn’t do auto-renew — you have to call them at the end of every year. They don’t send out reminder notices, either. You need to remember to call them. So we did that last December, got all paid up for 2023 and, around April — you guess it. Got a parking ticket. Had to call the parking company (not easy to get a human), explain the problem, etc. They finally fixed it and got the ticket cleared with the city.
Aaaarrghh!!
Perhaps is was because they sent over 10 emails to your box -every day- so you finally got so tired of the spam then you just left them with a bad taste in your mouth.
I (yearly) seem to buy BOGO admits to the Silverball Pinball Museum (which is the coolest place in SoFla, btw) in Delray.
I never make it down there though. That’s the extra margin they’re counting on - and always receive.
I should say that in my previous post - gift cards too don’t get redeemed at a very high rate. Some expire, some don’t.
Up until about 3 years ago I scored very well with INCREDIBLY DISCOUNTED electronic gift cards. Like 50% or more discount. I would buy them online usually at eBay. One favorite was Golden Corral electronic gift cards. With the 50% discount I would go to Golden Corral at almost 4 O'Clock and pay for lunch which with the discount came to OOP of under $5. Of course a few minutes later I would be there for dinner so the cost for the Golden Corral dinners came to under $5.
That went great until late in 2019 when Golden Corral and most other places stopped accepting electronic gift cards and that gravy train sadly ended.
Charles Henrickson was with me in Tampa in 2019 when I used an electronic gift card to get a bunch of us dinner at a Golden Corral.
I used a Groupon coupon to help pay for lasik for my younger sister back in 2015.
Lasik $3,651.80
Total charge after Groupon coupon: $2,641.80
I got a company discount in 2007 for my lasik.
Mine was $2,910 after discount.
My dad got FREE lasik years ago. And one of the top lasik eye surgeons in the country provided it to him. In fact, this lasik eye surgeon was present as a medical student when the FIRST lasik eye surgery was performed in the USA. I know this eye surgeon well since he was my cousin and my father's nephew. He passed away a couple of years ago but he was perhaps one of the hardest working doctors I know of. He never took a vacation in the final 20 years of his life and worked until the day he died. COUSIN MARSHALL.
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