reDesign

April 18, 2012

Bet with Paul Kedrosky

Filed under: Uncategorized — Rakesh Agrawal @ 7:47 pm

I have this bet with Paul Kedrosky:

  • If Groupon’s market cap falls below $6 billion on any day on or before June 3, I win.
  • If Groupon’s market cap stays above $6 billion until after June 3, Paul wins.

Market cap is measured as the market cap at the end of trading on any day, as reported by Google Finance. Intraday dips don’t count.

$6 billion is the price that Google reportedly offered for Groupon.

Stakes: loser buys dinner at restaurant of winner’s choice when we’re in the same city.

Update: A day late and $200 million short! Groupon closed above $6 billion on June 1, but below $6 billion on June 4. The markets weren’t open on June 3. (I didn’t check the calendar before proposing the bet.) On the plus side, I’m now in the win column on my bets with Semil Shah and Felix Salmon.

About these ads

2 Comments »

  1. [...] Short: $GRPN I have bet with Paul Kedrosky that $GRPN will fall below $6 billion on or before June [...]

    Pingback by Long and short of my trades « reDesign — April 19, 2012 @ 4:13 pm

  2. [...] have a bet with Alex Lawrence that is a derivative of my bet with Paul Kedrosky. If I win my bet with Kedrosky on 5/15, I win the bet with Lawrence. This means that at the end of [...]

    Pingback by Bet with Alex Lawrence « reDesign — May 11, 2012 @ 8:25 pm


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

The Silver is the New Black Theme. Blog at WordPress.com.

Follow

Get every new post delivered to your Inbox.

Join 227 other followers

%d bloggers like this: