Monthly Archives: August 2011

Why big tech companies often fail

AOL closed an awful week with market cap of $1.26 billion. In December 2005, Google had invested $1 billion for 5% of AOL, giving the company an implied valuation of $20 billion. In less than 6 years, AOL has lost … Continue reading

Posted in aol | 1 Comment

Comments from an Australian daily deals site that pivoted

Here is an email exchange I had with an Australian deals site that pivoted away from the daily deals model. Note that, as I’ve said in the past, an upfront payment model encourages fraud from merchants who take the money … Continue reading

Posted in daily deals, groupon | 1 Comment

The SEC should have Groupon start over on its S-1

I’ve spent much of the last two days dissecting the second amendment to the Groupon S-1. I was hoping to post my complete thoughts tonight, but I’ve seen so much shoddy reporting on this S-1 that I want to make … Continue reading

Posted in groupon | 6 Comments

Groupon’s new S-1 shows even more cause for worry

A few initial thoughts on the Groupon S-1. I will have an updated post later tonight. The key takeaway from Groupon’s amended S-1 is that the company’s best days in terms of revenue growth are behind it. Groupon has been … Continue reading

Posted in groupon | 3 Comments

Groupon’s other funny numbers

It seems Groupon might be dumping Adjusted CSOI, its much ridiculed accounting metric that I frequently describe as “the best possible way to view our business if you ignore all the things that make our business look terrible.” Although CSOI … Continue reading

Posted in groupon | 14 Comments

Answers from the Insurance Information Institute on Airbnb

This is a Q&A with Loretta Worters of the Insurance Information Institute on insurance coverage and short-term rental sites like Airbnb. See the companion piece which looks at other risks with Airbnb and includes comments from State Farm. If a … Continue reading

Posted in airbnb | 50 Comments