The flirt Groupon had with an inflated share price seems to be over. For the second day running, the popular daily deals website has seen its share price plummet – almost trading below the $20 that Groupon came in under its recent IPO.
Netflix raised prices 60% the other day, lost 850,000 subscribers and already the streaming video service looks to be struggling—at least with its cash position.
The battle between LivingSocial and Groupon for Daily Deals supremacy is about to get more interesting. This after LivingSocial announced that a fresh round of funding totaling $200 million will be made in the near future to shore up operations
To IPO or not to IPO, that indeed is the question that Groupon has been sweating profusely over for the last few months. At stake is millions of dollars in funding
Groupon seems to be losing the battle to stay alive on all fronts. Its closest rival, LivingSocial seems to be gaining momentum and seems set to fulfil its prediction that it would overtake Groupon by January 2012.
Sometimes it pays not to follow the crowd, because if the crowd gets it wrong, you can get burned. That lesson was clearly lost on Facebook
