Now it's $6B? 4x their six month old $1.3B valuation?
Does anyone know earnings? ~$100M? 60 P/E?
If this deal goes through I wonder if it'll get regarded as this bubble's high water mark, similar to the AOL Time Warner deal on Jan 10, 2000. NASDAQ began its free fall only two short months after that deal.
Still a bad acquisition overall - one of those "what were they thinking" things? It's like they bought a company because it was cool, not because it had a place in the portfolio or they offered something of value to the core business (or even a tangential spinoff business).
Assuming ~100M the P/E 60x and not 600x, which is high but not terribly high, considering their rapid growth. For example, Amazon is worth 79B with a P/E of 71x
Thanks for catching that, I was still waking up. My memory of the earnings rumor seems likely to be off then, it's very hard to believe that their last venture round closed at a 13 P/E.
Andrew Mason, Groupon’s chief executive, declined an earlier interview request, adding that he would talk “only if you want to talk about my other passion, building miniature dollhouses.”
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[ 3.5 ms ] story [ 37.6 ms ] threadDoes anyone know earnings? ~$100M? 60 P/E?
If this deal goes through I wonder if it'll get regarded as this bubble's high water mark, similar to the AOL Time Warner deal on Jan 10, 2000. NASDAQ began its free fall only two short months after that deal.