Groupon Bubble

Funny how economics works, someone comes up with a great idea makes a lot of money, everyone copies that great idea, all of a sudden the original idea is no longer profitable. There are red flags all over groupon, a constantly shrinking IPO, old investors bailing as new ones come in, questionable accounting practices and big payouts of the executives. This does not sound like a company on firm financial footing. One line from this article in particular stuck out - "[Groupon is part of] an industry that is turning into the digital equivalent of junk mail."

http://articles.businessinsider.com/2011-10-21/tech/30305419_1_groupon-s-ipo-ipo-boutique-daily-deals