"Groupon is essentially holding a portfolio of loans backed by the receivables of small businesses. If a business goes under, consumers will come back to Groupon for their money back. Unless Groupon is actually doing credit assessments on businesses that it chooses to feature, this is a big risk for Groupon."
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Good quote from a piece by @rakeshlobster - where have we heard this before folks?
I’m preparing for the impending flood, and subsequent destruction and carnage.
http://techcrunch.com/2011/06/13/why-groupon-is-poised-for-collapse/
