Is Groupon The Biggest Scam Going Right Now?

Groupon’s great most of the time for customers but as a business it’s hard not to be a little skeptical of their future when you look at their financials. Seeing things like this doesn’t inspire confidence either.

It is also worth noting that, in the history of the company, Groupon has raised a total of $1.1 billion of cash–and paid out $942 million of that cash to its early investors and executives (highly unusual for such a young company). If Groupon does get into cash trouble, therefore, it will not be because the company didn’t discover an amazing new business opportunity or raise all the capital it needed. It will be because of, well, greed.

via Don’t Mean To Be Alarmist, But Groupon Is Running Low On Cash.

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