Aug. 12 at 3:16 PM
$GRPN this stock was being pumped and that pump is losing traction. this is about financial engineering, not real product innovation. the core argument for GRPN is that they will be able to increase the number of transactions per customer. based on what? i see it more likely consumer spending on highly discretionary items falls in an economic downturn.
GRPN reminds me of TripAdvisor. Both businesses are in the deal business and both are not growing.
Please explain to me what I am missing. I'm not short, just not convinced.
