Wednesday, June 29, 2011
Group Buying Industry Is Definitely A Bubble
Yes it's a bubble without a doubt.
File this under "Are You Kidding Me?"
Groupon IPO proposed valuation is $30B valuation, and today the valuation for Living Social IPO is $15B.
This entire space is a commodity with no barriers to entry.
The two largest media/social sites, Google and FaceBook have launched their own group buying initiatives.
Prediction: Groupon will not only the fastest company to generate $1b in revenues, but also to hit $1b in sales and go bankrupt.
Am I missing something?
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