On December 2010, Groupon rejected or maybe never even considered an offer from Google to buy the company for 6 billion dollars. In 2011 the IPO came out and as I suspected back then this company did not have the "core" to be a sustainable business. The stock price is now at $4 and talks about outing Mason are in place now. Not long before we see this as a penny stock and the lesson for me will be, never ever reject and offer from Google and never ever invest in a company that has rejected an offer from Google.
The underlying reasons may be greed, pride or lack of judgement. The first two are bad enough but at least they get you far. Lack of judgement once lost is like when you lose your luck. I think that even if Mason leaves the company, there is not much left to do to bring it back, we are getting emails from 100 companies, offering deals and the business model has imploded, who is not tired of getting emails with bargains?
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