I am chomping at the bit to write uncovered puts on this dog.
No Profits? No problem, we will make it up in volume. No Competitive Advantage? No worries, we have a cool name and we are the biggest company in this zero-value, hard to differentiate space. Unsatisfied Customers? That's ok, because even though most of our customers hate the experience, we can always find some new small businesses and restaurants that subscribe to the same profit-free philosophy we do.... and besides - The customers of our customers love Groupon. Unfortunately, we don't make any money from THEM.
Wow. It feels like the market has jumped into the hot tub time machine and set the way-back dial to 1999.
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