Yes, they were.And, boy, were they confident about it.
And, boy, did they think anyone who said otherwise was a moron.
But wait, what’s this?
- Groupon just earned a profit?
- Groupon had $40 million of operating income?
- Groupon had $70 million of free cash flow?
- Groupon has $1.2 billion of cash?
- Groupon’s North American business is accelerating despite lower marketing costs?
Funny how quiet all those people who said Groupon was a Ponzi Scheme have gotten all of a sudden.