I think this very telling
"Some $344m will be used to buy back shares from Groupon’s nine board members and entities they are affiliated with.
The share repurchase arrangement amounts to an unusually early pay-out for Andrew Mason, chief executive, and two other founders who sit on Groupon’s board"
I don't see the $6bn story here because I don't see the barriers to entry to keep an attractive margin safe. Of course, the guys at Google are smart so I guess there must be a couple of bn in it.
Something to watch in the year ahead.
FT.com / Technology - Groupon raises $500m in financing
"Some $344m will be used to buy back shares from Groupon’s nine board members and entities they are affiliated with.
The share repurchase arrangement amounts to an unusually early pay-out for Andrew Mason, chief executive, and two other founders who sit on Groupon’s board"
I don't see the $6bn story here because I don't see the barriers to entry to keep an attractive margin safe. Of course, the guys at Google are smart so I guess there must be a couple of bn in it.
Something to watch in the year ahead.
FT.com / Technology - Groupon raises $500m in financing
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