[1531] in Privacy_Forum
[ PRIVACY Forum ] Knewton Blog: "Groupon Is a Straight-Up Ponzi
daemon@ATHENA.MIT.EDU (privacy@vortex.com)
Sat Jun 4 01:44:14 2011
Date: Fri, 3 Jun 2011 22:19:13 -0700
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Knewton Blog: Groupon Is a Straight-Up Ponzi Scheme
http://j.mp/jIne7x (Knewton)
"I would love to be wrong about this. Especially given the fallout in
the tech economy if Groupon blows up. But isn't it really pretty
obvious that Groupon is a massive Ponzi scheme?"
- - -
The financial viability side of such operations is definitely outside
my area of expertise. But I've had a lot of people ask me about
Groupon, and to date I've uniformly responded with "insufficient
data" as my reply. I know that as a potential user, I've never found
anything on Groupon of particular interest or value to me personally.
But even with my layman's view as far as their financials are
concerned, their structure has reminded me of the proverbial
skyscraper being built on a foundation of quicksand -- interesting to
watch, but not necessarily something you want to be standing near for
too long.
--Lauren--
Lauren Weinstein (lauren@vortex.com): http://www.vortex.com/lauren
Co-Founder: People For Internet Responsibility: http://www.pfir.org
Founder:
- Network Neutrality Squad: http://www.nnsquad.org
- Global Coalition for Transparent Internet Performance: http://www.gctip.org
- PRIVACY Forum: http://www.vortex.com
Member: ACM Committee on Computers and Public Policy
Blog: http://lauren.vortex.com
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Tel: +1 (818) 225-2800 / Skype: vortex.com
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