Paying $6b for a $20-30b company seems smart to me. The Groupon model is insanel...

pbreit on Aug 17, 2011 | parent | context | favorite | on: Groupon has no viable business model

Paying $6b for a $20-30b company seems smart to me. The Groupon model is insanely profitable once you trim SG&A, sales and marketing (useful for hyper growth, not useful for sustenance).