Groupon makes me tired
I read a blog post a while back comparing groupon to a ponzi scheme, but I think it's more accurately Tulip Mania . I discount the value Groupon can have for a business who is missing traffic to their store and struggling to figure out how a business gets a loyal customer from this tactic. As a business, it seems to me Groupon will only create disloyal customers and as a business, the best I can hope for from is a sort of ebay-like place to either dump excess inventory or fill in slow periods where I have trouble getting customers into my place of business. When looking at the fundamentals, Groupon has only overhead. The only arguable asset is their consumer base and I think it provides no intrinsic value as these customers represent a pool of people who will buy something for 50% or more off. I hate to break the bad news, but those people aren't hard to find. Worse yet, the switching cost from groupon to "whatever else" is almost zero. For Groupon to survi...